Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (653856)	5/5/2012 2:29:43 PM
From: Taro	Read Replies (1) of 1583930

I think off-shore accounts are tax evasion... Again, not necessarily, Shep. If you are a real wealthy person, I mean at least a couple of millions, it is indeed good asset protection policy to distribute your holdings onto several banks - in various good currencies in various safe countries. Interest on your asset at that time comes second to protecting your assets. Here Switzerland indeed holds a lead position. Recently, even for the smaller investor, currency fluctuations, which eventually are a function of the production of fiat money, has come up as yet another concern with consequences even for more moderate fortunes of say a million or so. T-bills isn't gold, Shep. And too bad, no T-bills come denominated in say Swiss francs... Sorry to say so, but those are facts. /Taro

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