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Where is a safe place to keep money? |
Banks cannot be trusted 100% because they share their information with government and credit reference agencies. a safe a swiss bank account cahoot Your rectum. I'd like to see someone steal money from there.. Can't go wrong with the mattress. try one on the cayman islands, though it would be smart to just use the american one so you don't get into any trouble with takes and such i have to agree with tyler durden...swiss bank, the bank of robbers. but its not politically correct to say that i will look after it for you, A little paranoid... hum...... Even Swiss bank accounts can be accessed with a court order. Unless you need to launder drug money, your best bet is to stay with US banks. They are the safest, your insured up to 100k per account, and you won't have any legal problems. If your worried about governments or banks sharing information, then the only truly "safe" place would be to keep it under the mattress. Keep in mind that there is a record of nearly every financial transaction you make, everywhere you surf on the internet, doctors you see, prescription and pharmacies you use, phone calls etc. I'm definately not saying that somebody is watching you all the time, cause there not. But simply that there is a record of everything you do that could be retrieved if need be. The potential legal problems you could encounter from hiding money, and hiding income made on that money, are very substantial including prison time. Definately not worth the risk. It is not illegal to have offshore accounts, but it is illegal if you don't tell the IRS about it. A lot foreign banks will disclose the names of US citizens. You will need to check. Buy up land, they ain't making anymore land. Invest the money in property. You can be taxed over, and over again for the same money.. So i would either spend the money, or I would buy land. Don't chance it by getting into trouble with the IRS Sounds like this is illegal funds to me, hide it with a very trusted friend or under your mattress as our grandparents used to do. Money Laundering rules are very specific, if you try to bank or invest they will want to know where your cash emanated from and so would any mortgage provider if you bought a property. everyone knows about under the matress and the floorboards thing. Someone you trust can invest for you...like mom or pop or a trusted sister.... If you do not have any one that you trust, I am afraid you can fore go the interest and buy a vault. |
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