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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Peter Church who wrote (2339)	12/27/1999 12:57:00 AM
From: Hawkmoon	Read Replies (1) of 3536

Does anyone have any suggestions for someone who inherited about $150K in Switzerland recently but lives in the USA with dual citizenship? Give me a day to set up a new bank account and I'll be able to give your friend one heck of a suggestion.... <VBG> But seriously, I would denominate at least 1/2 in US dollars, and the other half in Swiss Francs and leave it in Switzerland and invest it from there. Should the dollar fall (which I doubt given the interest rates trends), it would likely mean that gold was move upward, and thus she should be hedged in that event by holding 1/2 in Swiss Francs. The question really is "Why bring it here to the US where there are so many controls over what and where you can ship money (having to file CTRs for any transaction $10,000 and above.. etc)?". It just wouldn't make sense to do that if she properly structures the inheritance. Anything she could do here, she can do with the money parked in a Swiss bank account, including investing. And in a Swiss account, she can have the money redominated in whatever currency she likes in order to play the FOREX markets, certainly a benefit we are not able to enjoy here in the US. Regards, Ron

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