FAQs
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FAQ – Confidential Gold Ownership
Welcome to the Confidential Gold Ownership – Frequently Asked Questions (FAQ) page. This resource is dedicated to answering your questions about securely and privately owning physical gold. Confidential Gold Ownership ensures your precious metals remain outside the traditional financial system, providing unparalleled privacy, security, and independence. Whether you’re exploring how this solution works, its advantages over other gold ownership options, or the steps required to set up and manage your holdings, you’ll find all the answers here. Discover how Strategic Gold empowers you to protect your wealth discreetly while maintaining full control of your assets.
The answer to this FAQ – Confidential Gold Ownership is Yes, we ensure that all your gold and silver purchases, sales, and holdings remain completely confidential. Neither Strategic Gold Corporation nor our custodial vaults are required to report your transactions or holdings to any authorities in any country. Therefore, you can trust that your ownership is fully protected.
No, we do not disclose the beneficial owners of a Clear Title Account because there is no requirement to do so. Consequently, your ownership information remains private.
We offer secure storage facilities within free trade zones to provide you with tax-exempt transactions. Additionally, you are not required to disclose the identity of the beneficial owner in these zones. Moreover, we carefully select vaulting locations based on their strong history of protecting personal property rights and confidentiality.
No, we are not obligated to report your account activity to the IRS or any government agency. Moreover, as long as your precious metals remain within the Chain of Integrity of the Good Delivery System, no reporting is required in any of our international vaults. Wherever you live, your trading activity and gold ownership are not reported to any authorities. Therefore, your account balances and bullion assets remain private.
If you have questions about gold investment on our platform, contact one of our account representatives at 239 692-9154.
The Foreign Account Tax Compliance Act (FATCA), enacted by Congress in 2010, targets non-compliance by U.S. taxpayers using foreign accounts. It requires foreign financial institutions (FFIs) to report financial accounts held by U.S. taxpayers to the IRS. In addition, various Inter-Governmental Agreements (IGAs) between the U.S. and other governments are in place to implement FATCA.
However, since the application of FATCA is complex, we strongly recommend consulting your tax advisor to understand how FATCA affects your situation.
We do not consider ourselves a financial institution or a foreign institution. However, if you have a financial interest in or signature authority over a foreign financial account, the IRS requires you to file Form TD F 90-22.1 (FBAR) annually. This is required if the total value of your foreign accounts exceeds $10,000 at any time during the year.
If you are unsure whether you need to file this form, we recommend speaking with your tax advisor. Additionally, you may contact us if you have further questions.
For any questions, contact an account representative at 239 692-9154.
Under FATCA, U.S. citizens and residents must file Form 8938 if their foreign financial assets have an aggregate value of $50,000 or more. However, the IRS indicates that holding precious metals directly for investment purposes does not require filing this form. Nevertheless, the definition of “directly held” remains loosely defined.
We encourage you to consult your tax advisor if you have doubts about filing Form 8938. In addition, we are always available to assist you with any questions you may have.
For assistance, email us at accounts@strategicgold.com or call 239 692-9154.
We prioritize client confidentiality. All client information is encrypted and securely stored on physically isolated servers. Furthermore, we store redundant backups offsite to ensure safety. To maintain discretion, all statements and transactions are processed using coded client identification numbers.
To maintain the integrity of our business and comply with anti-money laundering laws, we perform Know-Your-Client (KYC) checks. This ensures that clients use our service for its legitimate purpose, which is to provide a simple, cost-effective, and secure way to invest in gold and silver.
If we have reasonable grounds to suspect money laundering, we report it to the relevant authorities to protect both our clients and our business. Consequently, our platform remains a trusted environment for investors.
To combat money laundering and protect our clients, we require deposits and withdrawals from a verified Bank Account of Record. By doing so, we ensure funds come from and return to your verified account. As a result, your account’s security and legitimacy are maintained.
We are committed to respecting your privacy and confidentiality. Consequently, client information is not shared with partner companies, used for marketing, or sold to third parties. Furthermore, we release personal information only if we believe the request is from you, if we receive written authorization, or if required by law.
For more information, contact us at accounts@strategicgold.com or call 239 692-9154.
We limit the collection, use, and disclosure of personal information to what is necessary for running our business and delivering superior service. Specifically, we collect, use, and disclose your information for the following purposes:
- To establish and maintain your account.
- To communicate with you about your account.
- To administer and enforce transactions.
- To identify you and protect against fraud.
- To keep your information current.
- To prepare and distribute statements.