Thread: Swiss Banks
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Old 04-28-2008, 04:58 AM
andrewmitch andrewmitch is offline
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Join Date: Sep 2007
Posts: 234
Swiss Banks

Anyone have any experience or knowledge or Swiss Banks?

It seems as though this is a great and easy way to protect your money. No trusts or LLC's or other methods needed. Just put your money in a Swiss Bank. Swiss laws forbids their banks to give your information out - even to the US gov't. If a creditor, or court, or the IRS can not find your bank account how can they put a lien on it?

Also, I believe there is a way where the interest earned is tax free.

Finally, if you convert your FRN's to the Swiss Franc the Franc is still on the gold standard and won't be subjected to inflation the way the FRN is.

Could this be a potential silver bullet?
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