Ted Bauman is a writer and editor with Banyan Hill Publishing, and he has been focusing on low-risk investments in the recent years. He believes that a society functions best when all of its citizens are taken care of; regardless of their economical standing. Bauman emigrated to South Africa when he was younger after being born in Washington D.C. He studied at the University of Cape Town in South Africa earning, both, his postgraduate degrees in history and economics. He traveled all over the world while working Habitat for Humanity and helped to build Slum Dwellers International, which helps over 14 million people all around the globe. Check this article at sovereignsociety.com to learn more.
Ted Bauman wants investors to focus on what’s important, and he is sure that storing assets away that can’t be touched by any financial institution is important. The problem with keeping these assets at home is that they can be stolen or lost during a natural disaster. One of the best places to keep these kinds of assets in in a lockbox or home safe. Customized safes are the best bet as they can be bolted down, but Ted Bauman advises people to go one step further and not keep assets at their home, period. At minimum, he advises that an investor should split them up so some are at home and some are elsewhere. A safe-deposit box at a bank is a better resting place for these assets, but these come with issues, too. Getting a safe-deposit box at a foreign bank helps to avoid government confiscations or other issues.
Ted Bauman has another option that might be even better, and this is to pay for an independent storage vault that is not with any financial institution. A bonus of these is that the government does not regulate them and is not entitled to any information about the people who hold them. The government can access this information when people put their assets into safe-deposit boxes at a bank. Bauman says another option is to store them in an independent vault in a foreign country, which is extremely discreet. Many of these do not have any IRS requirements and they aren’t regulated by the government. Some companies will even build a customized vault for investors who want to have one in a foreign country. Ted Bauman suggests that investors should consider looking getting a vault in New Zealand where an account can be opened up remotely. Visit: http://www.talkmarkets.com/contributor/Ted-Bauman