Take a Look Inside Vault Used by the Superrich for Gold, Jewels, Crypto


Clients have complete confidentiality over the contents of their safe. However, Sewnarain has an idea of the most common items stored based on what some have said.

“I think the core assets in the vault are first the physical gold, silver, and platinum, followed by very high-value jewelry and diamonds and watches,” he said.

Sewnarain said some clients will store documents such as wills, business papers, letters of wishes, and legal contracts.

“Also, now with the world of cryptocurrencies, you have cold storage, which is where the people, the investors, who are buying cryptocurrencies and bitcoins, do not want to keep the asset on an exchange or a crypto platform,” he explained.

“They want to download it onto a USB and make sure that USB is kept in a vault under their control.”

All of the vaults come with insurance cover worth up to £100,000.





Source link