Individuals increasingly use private vaults to store assets outside financial systems
Updated
Updated · newsroompanama.com · May 7
Individuals increasingly use private vaults to store assets outside financial systems
5 articles · Updated · newsroompanama.com · May 7
The report highlights Panama, especially Panama City’s Atlas Vaults, as a destination for clients from the US, Europe and elsewhere seeking to hold gold and silver.
It says private vaults appeal because clients retain direct control, can access assets physically, and avoid bank dependence, while Atlas uses dual-key boxes and says it cannot open or inspect contents alone.
The shift is framed as a quiet diversification trend driven by inflation, rising public debt and tighter regulation, with Panama promoted for dollarisation, territorial taxation and a business-friendly legal environment.
As billions shift to gold vaults, is tokenization creating a new digital-vs-physical divide for the world's wealthy?
With 42% of private wealth now in hard assets, are we seeing a quiet 'bank run' on the global financial system?