News of the gold flakes discovered by James Marshall in the American River at the base of the Sierra Nevada Mountains caused such an influx of prospectors that the non-native population of California rose from 1,000 to over 100,000 in less than 5 years. Surprisingly (or perhaps not), there are limited accounts of where successful gold miners went, and what they did, after the Gold Rush.
One might surmise that those who left California with any significant wealth, headed for places which allowed them privacy, freedom to multiply their fortunes without interference and a good pipeline of opportunities to do so. Almost 200 years later, entrepreneurial families who have mined gold in its various forms - physical, paper or virtual – continue to seek the same characteristics when choosing a jurisdiction from which to base their future investment activities.
This thought leadership article examines why the Cayman Islands is one of the most attractive locations for UHNW individuals and families and ideal for satellite family offices and stand-alone single family offices.