Bullion Banking... at its finest
The fame and respect earned by the “Venetian Traders” of the late 16th and early 17th century, owe much to the integrity of the gold certificate system used to settle their trades.
“But thou shall have a right and just weight: a perfect and a just measure shall thou have that thy days may be lengthened in the land...”
In 1587 the Central Bank of Venice, “Banco della Piazza del Rialto”, was recognized as the “bastion of just banking” by not engaging in lending out the gold coins deposited and stored in the bank's vault.
This banks' practice was to earn its reward in fees from coin storage, exchanging of currencies, handling the transfer of payments between customers and notary services.
The honorable prestige of such a banking system is beyond dispute, as history records that the reputation of Banco della Piazza del Rialto went before it. It prospered to become the center of Venetian commerce.
“A good name is to be chosen above great riches, and loving favor is above silver and above gold.”
This bank's paper receipts (certificates) for gold stored in the vault, became widely accepted far beyond the country’s borders and in fact, instead of being discounted in exchange for gold coin, as was the usual practice, their certificates carried a premium over both vaulted and circulating coin. The good name of “Banco della Piazza del Rialto” became its greatest asset.
Today, Shanklin uses the private Bullion Banking services of Anglo-Far East "The Original Private Bullion Custodian" located in Switzerland.
AFE Clients enjoy these benefits:
The fame and respect earned by the “Venetian Traders” of the late 16th and early 17th century, owe much to the integrity of the gold certificate system used to settle their trades.
“But thou shall have a right and just weight: a perfect and a just measure shall thou have that thy days may be lengthened in the land...”
In 1587 the Central Bank of Venice, “Banco della Piazza del Rialto”, was recognized as the “bastion of just banking” by not engaging in lending out the gold coins deposited and stored in the bank's vault.
This banks' practice was to earn its reward in fees from coin storage, exchanging of currencies, handling the transfer of payments between customers and notary services.
The honorable prestige of such a banking system is beyond dispute, as history records that the reputation of Banco della Piazza del Rialto went before it. It prospered to become the center of Venetian commerce.
“A good name is to be chosen above great riches, and loving favor is above silver and above gold.”
This bank's paper receipts (certificates) for gold stored in the vault, became widely accepted far beyond the country’s borders and in fact, instead of being discounted in exchange for gold coin, as was the usual practice, their certificates carried a premium over both vaulted and circulating coin. The good name of “Banco della Piazza del Rialto” became its greatest asset.
Today, Shanklin uses the private Bullion Banking services of Anglo-Far East "The Original Private Bullion Custodian" located in Switzerland.
AFE Clients enjoy these benefits:
- Deal directly with the Oldest Private Bullion Custodian in the world.
- Highly personalized, white glove service. A personal liaison will be assigned to you, who will take personal responsibility for your satisfaction, whom you will have access to at any time.
- The highest level of discretion and privacy
- Convenience and Flexibility – Secure Online Account management with 24/7 Access – Ability to buy metal or liquidate into cash at your convenience
- Option to take physical delivery anywhere in the world, or pick up your metal in person if you desire¹
- Stringent bullion custodial governance – Audited by a globally recognized independent Auditor
- All vault contents insured to their full market value, by a Lloyds of London underwriter