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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG (MODERATED) -- Ignore unavailable to you. Want to Upgrade?


To: dara who wrote (21)9/28/2013 11:14:45 AM
From: Tommaso  Respond to of 51
 
Well, that certainly made interesting reading.

Since I can drive down to my local AAA (automobile club) office any time, produce cash, and buy travelers checks denominated in Canadian dollars fee-free, no hassle, no government paper, I think that's the best idea.

One thing that many Americans may not know, however, is that there is so much crime connected with travelers checks in Vancouver that cashing one there is a tedious procedure. I guess a lot of tourists get mugged, and also there's a lot of drug trafficking. So your checks are compared to a lengthy list of numbers provided by law enforcement before you can get your money. It can take an hour--after you finally reach the head of the line!

Much less hassle in the eastern provinces.



To: dara who wrote (21)9/28/2013 11:20:04 AM
From: Douglas M. Benedict  Read Replies (2) | Respond to of 51
 
Dara...

I wouldn't go suggesting Americans open a Bank account in Canada...

Please read about FATCA... in Switzerland, they are already shutting out US Citizens to any banking...

If Canada signs...likely the same...

If you don't know what FATCA is... everyone should...It is the USA's overreach into global banking...

fullcomment.nationalpost.com

"More damagingly, spooked foreign financial institutions are refusing to accept Americans living abroad as customers. Many also plan to pull back on their investments in the U.S. — which of course has serious implications for the country’s still-faltering economy."