Advantages of AFE Bullion Storage
International Diversification
Our clients, generationally wealthy, understand the value of storing their wealth outside the nation they reside in. During times of crisis, governments have been known to confiscate personal wealth and seal safe deposit boxes and bank vaults. Anglo Far East vaults bullion in Kloten, Switzerland, in private vaults that are outside of the commercial bullion banking system. All vaults are managed by LBMA accredited security firms and are insured to the full market value of all valuables within.
You Are The True Owner
Anglo Far East is merely the custodian of your gold and silver. Upon approval, you will receive a private numbered account and an encrypted web-based online account login. All of AFE’s Allocated Bullion Account holders are issued unique serial numbers of individual bars you own, which are verified by both a top independent third party auditor, as well as cross referenced against your account by the Independent Signatory Trustee.
No Counter Party Risk
Anglo Far-East is forbidden by strict Governance policy from participating in any form of bullion leasing, lending, fractional reserve banking, leverage or derivative of any kind. In addition, AFE carefully selects each industry partner it works with for reputation, as well as ownership interest and potential exposure to derivative risks. AFE is required to maintain 100% of your gold and silver on hand, unencumbered in any way, at all times.
Unmatched Governance
In order to access the private vaulting system, the vault must receive instruction in writing not only from AFE, but also the Independent Signatory Trustee in what is known as a dual signature system. In addition, actual physical access requires that a representative of Anglo Far-East must be accompanied by a representative of the Vault, as well as the third party independent auditor. All agents sight verify each and every bar that goes into or comes out of our vaults against vault receipts and weight lists. These triply redundant sight reports are cross referenced against AFE’s client accounts by the Independent Signatory Trustee for accuracy.
Total Flexibility
You can easily buy and sell bullion at your discretion via our encrypted online account system, with access to global markets via our institutional accounts with the largest LBMA refineries in the world. Because of the relationships we have developed at the refinery level over almost two decades in the bullion industry, we have direct access to the ‘core’ of bullion markets, and can offer our clients excellent liquidity.
Total Privacy
AFE’s corporate structure is located outside the jurisdiction of most western nations. This provides a level of privacy unattainable with corporations subject to government jurisdiction where you reside. All accounts are numbered and totally discreet in the Swiss Tradition.
More About Anglo Far-East’s Credibility in the Marketplace:
Anglo Far-East has been called the original private gold and silver bullion custodian.
In 1991, Anglo Far East was established to fill a need for a small group of wealthy families. AFE was designed from the ground up to offer private acquisition of gold and silver bullion, vaulting, as well as liquidation, while most importantly, located completely outside the commercial banking system.
Anglo Far-East clients enjoy 100% ownership of their bullion and the peace of mind of total security. AFE partners with some of the top firms on the global gold and silver bullion industry, and each partner in the chain of integrity is LBMA certified and/or recognized as some of the most reputable firms in the bullion business.
By holding institutional accounts with some of the largest LBMA certified refineries around the world, AFE offers strategically located options to capitalize on global access to metals markets.
The security, transport, and bullion vaulting firm is privately owned, and recognized as the top of its class and the finest in the world, handling storage and shipment of gold bullion for the largest banks, refineries and governments. All vaults are LBMA certified at the highest degree of security and protection.
Anglo Far-East’s Systems of “Extraordinary Governance”
Anglo Far-East is built around a core competency in strict corporate governance, verified and audited by independent and reputable third parties.
Recent events have proven that government regulation and oversight is terribly unprepared to fulfill a traditional role that goes back to ancient times, which is the protection of your wealth.
Standard and Poor’s, Moody’s and other firms that have had a history of fairly marking the rating of investments and companies have recently proven to be inaccurate, occasionally at terrible expense.
The failures of Worldcom, Enron, Bear Stearns, Merrill Lynch, Lehman Brothers and AIG are all testimonies to the fact that regulation and government may be able to provide some small degree of recourse, but it is questionable as to whether they can provide you with trust or protection of your wealth.
Indeed as our generationally wealthy clients know, sometimes the people, whom one needs to protect wealth from, are the same people who would like to regulate it and control it. In short, AFE is of the philosophy that the greater the regulation and the lower the privacy, the less likely it is one may be able to protect their wealth for future generations.
Instead, Anglo Far-East relies upon a framework of extraordinary governance that we like to call the “Chain of Integrity”.
First, a client applies for a bullion account.
AFE then studies your credentials, confirms your identity and your source of funds. This is necessary for both Anglo Far-East protection and your own.
Once your account is activated, you are assigned an account number in the “Swiss Numbered” account tradition. From this point forward, all records and transactions that are conducted on your behalf will be accomplished without the use of your name or other identifying information. Bullion account statements and account transactions statements never quote the name or address of the account holder; the owner is identified by number only.
Next you fund your account; this is done simply by remitting a wire transaction from your bank to one of Anglo Far-East’s settlement accounts throughout the world. Metal is then secured by institutional access to global markets, on your behalf.
If your order is less than 400oz of gold or less than 1000oz of silver, you are immediately assigned partial ownership of an, LBMA certified “Good Delivery” treasury bar. These bars are never encumbered in any way and are segregated for the purpose of use by AFE bullion account clients only. By bailment law, you are the 100% owner of your gold and silver.
If your order for gold is 400 oz or higher, or your order for silver is 1000oz or higher, AFE will assign you the exact serial numbers of your bars held in allocated storage. Orders that are sent to one our refineries are poured as bullion ingots, and are LBMA certified “Good Delivery” bars. Each bar is stamped with the refinery hallmark, weight, purity and unique individual serial number.
Anglo Far-East, the third-party auditor and an agent of the security firm will then perform what’s called an “bailment”, agreeing on your serial numbers and signing off on the inventory list of the transaction. AFE then accepts custody of the metal on your behalf.
At no time does AFE become the owner of your gold and silver, by bailment law, AFE is ever only the custodian and you are the true owner.
Security trucks from VIA Mat International transport your metal to the vaults. VIA Mat international is the top recognized firm in the world when it comes to transportation, security and private storage of gold and silver bullion as well as other extremely valuable items.
The gold or silver is then locked into the vaults. Vault access requires the signatures of both AFE and the Independent Signatory Trustee, and presence of the third party auditor, an representative of the vault; all under the watchful eye of video surveillance.
Anglo Far-East’s extraordinary governance includes a requirement, by contract, that for any gold or silver to be added, and most importantly, removed from the vaults, that the signature of a third-party custodial trustee must be secured. Under no circumstances can any bullion be removed from AFE’s vaults without the presence of multiple bona-fide parties, under perpetual surveillance, requiring the signature of the third-party trustee. This final step, which goes above and beyond the governance of any other bullion custodial on earth provides the final link in the chain of integrity for your peace of mind and protection.
The entire process from start to finish has been designed with the utmost privacy, security, and protection of your precious metals while meeting the rigorous standards of wealthy clients to ensure the unbroken continuance of generational wealth. This concept forms the core of AFE’s systems of governance and reason for existence.
Anglo Far-East, the trusted original and the refuge of choice during times of Great Change.
For a complete due-diligence package, please contact us.
