Swiss Account

[aemi]

Anyone has any idea how to open a legal Swiss savings account?

Much later added
ouch, their fees and minimum balance are ridiculous for swiss accounts. I was thinking if the US currency ever fails (maybe due to not raising the debt ceiling) and if I see that coming, I could put and convert some money into a foreign account to try to preserve the currency's value and diminish potential loses (which would affect most of the currencies anyways).

So then, any other stable, western country where I could open an account? Preferable savings.

[blueeyetea]

If you have that kind of money, your bank would be happy to help you open one. When I say that kind of money, that's a minimum of $250,000.

[Ciel]

I'd think you'd have to see how close you are to the nearest major city in Canada hosting a Swiss bank location. Toronto and three other cities have UBS branches-the primary account fee is $150 (ouch) but the bank lets you have different accounts.



http://www.ubs.com/us/en/wealth/bank...anagement.html

The legal information mentions its for US investors residing in US. Hmm, how to do the Swiss account? Do you have ties to Switzerland?

From Wikipedia:
Top-Tier Swiss Banks[edit]

Swiss based banks with a significant presence domestically and overseas with considerable assets under management, listed in alphabetical order.
Credit Suisse
Hyposwiss Private Bank
Julius Bär & Co. AG
UBS AG
Banks Incorporated in Switzerland[edit]
Banque Bonhôte & Cie SA
Banque Cantonale de Genève
Banque Cantonale Neuchâteloise
Graubündner Kantonalbank
Hinduja Bank (Switzerland) Ltd
ICB Financial Group Holdings AG
SIX SIS AG
SIX x-clear AG
WIR Bank
Zurich Cantonal Bank
http://en.wikipedia.org/wiki/List_of...in_Switzerland

[aemi]

ouch, their fees and minimum balance are ridiculous. I was thinking if the US currency ever fails (maybe due to not raising the debt ceiling) and if I see that coming, I could put some money into a foreign account to try to preserve the currency's value and diminish potential loses (which would affect most of the currencies anyways).

So then, any other stable, western country where I could open an account? Preferable savings.

[mandolinatou]

If the currency ever fails you would be better off investing in silver and gold....you can get early print US and canadian dimes as a inexpensive way to start collecting silver. There are other things that would likely be currency if the dollar ever drops significantly in value. I read a couple of dooms day books on surviving the end of the world. They were a bit dooms day and crazy in my opinion but a couple of pieces of advice they offered. I would recommend you read a couple of books with titles like that to gather some ideas about what to do in the event of crazy inflation, deflation, pandemic, or other disaster.

[aemi]

I did read a couple of books related to currency collapse. Unfortunately, the views in those books are just the opinions of their authors. The money won't be for long term investing so there is no point to invest in silver and gold. It's a short term maneuver to avoid losing too much value. I still would like suggestions or maybe I should open another thread.

[Darth Penguin]

Some preppers suggest ammo and guns..

[aemi]

Some preppers suggest ammo and guns..

Yeah, I am not really into this.