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Originally Posted by andrewmitch
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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I'm no expert, but I've heard the IRS actually *can* lien Swiss bank accounts now (this is a relatively recent development) and that Swiss franc is no longer gold-backed (although it is still extremely stable).