Secured Depository Housing Riches of the Wealthy Elite
IBV International Vaults, a leading provider of secure storage solutions, has been safeguarding valuable possessions for over 17 years. The company, founded by Michael Gordon in Durban, South Africa in 2004, has expanded its services globally and currently boasts over 40,000 members worldwide.
The Swiss facility of IBV is currently fully rented out to a single private client, with no vacancies available. This high-security vault, located in an undisclosed location, is equipped with advanced security measures. The entrance to the building is always locked, and at least one officer guards the stairway down to the safes. Advanced securities in place include a fingerprint and iris scanner, an electronic key card reader, and a "man trap area" with bulletproof glass. The complex locking mechanisms and security systems also include 24-hour CCTV cameras with four separate monitoring stations, intruder alarms, and flood detectors installed in the floors, ceilings, and walls.
The valuables stored within these vaults are diverse, ranging from cash and gold to artworks, handbags from Hermès and Chanel, rare scents from high-end fragrance companies, and items gifted by royalty. Some valuables are more unexpected, such as family heirlooms, photographs, limited-edition Pokémon cards, and collectible toys. When a client's safe is reassigned, IBV installs an entirely new lock, ensuring the utmost security for each client's possessions.
The company does not keep a spare key for emergencies; only one key is created per customer. This policy, combined with an extensive vetting process and terms and conditions prohibiting storage of contraband like drugs, laundered money, or goods widely banned in trade, such as elephant tusks, ensures that IBV maintains a high standard of security and ethical practices.
The demand for private vaults has been on the rise due to the surge in gold prices and geopolitical risks. Rob Burgeman, the director and wealth manager at RBC Brewin Dolphin, believes that the need for private vaults is greater than before.
However, not all institutions share the same sentiment. JP Morgan Chase, for instance, has ceased offering safety deposit boxes to new customers, deeming them too expensive to run. In contrast, IBV continues to expand its services, with a few medium to large storage spaces available, costing as much as $20,300 annually.
In 2021, the FBI raided and shut down US Private Vaults, seizing over $86 million in cash and other assets. A similar incident occurred in 2024, when a US federal appeals court ruled that the raid violated the constitutional rights of the safe-deposit box owners. These incidents underscore the importance of choosing a secure and reliable storage solution, such as IBV International Vaults.
The IBV facility in London's West End district houses one of the most secure private vaults in Europe, if not the world. With its robust security measures and commitment to client privacy, IBV International Vaults continues to be a trusted choice for those seeking secure storage solutions.
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