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Main Objective
Thanks for the info. I will dig into that when I have some time.
It's worth mentioning that the goal here was more for asset protection and not for tax avoidance.
Granted if the IRS can't get to the asset that would pretty much the ultimate form of asset protection.
For me I keep some gold & silver (completely judgement proof) at home but when I accumulate more money (and like a friend of mine who just inherited 2,000,000) you can't really keep that at home.
The other thing the Swiss bank MAY be good for though IS that the interest earned is tax-free from the IRS. But I still have to think that Switzerland will demand taxes. (Again, that is the beauty of gold on hand - it increases in value and there is no tax to be paid on that increase!).
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