Offshore savings

[Messugga]

That's peanuts when you compare it to Investec Offshore Portfolio's.

The Wealth guys like to say they don't get out of bed for less than a mil. They deal with some big players though.

 

[MirageF1]

Try Std Bak's Shyft. No need to have a Std Bank acc.

You can buy foreign currency and keep it in a holding account.
No interest, but who cares at this stage,
Anything but our Animal currency.

 

[JayM]

Try Std Bak's Shyft. No need to have a Std Bank acc.

You can buy foreign currency and keep it in a holding account.
No interest, but who cares at this stage,
Anything but our Animal currency.

That money can be taken at the stroke of a pen. I think OP wants protection against our thieving overlords.

 

[MirageF1]

That money can be taken at the stroke of a pen. I think OP wants protection against our thieving overlords.

Can be taken anywhere.
Banks remember?

The only 100% surety you have is under your mattress!

 

[JayM]

Can be taken anywhere.
Banks remember?

The only 100% surety you have is under your mattress!

How is the government going to bind foreign banks to SA laws?

 

[MirageF1]

How is the government going to bind foreign banks to SA laws?

Do some reading of some of the huge banking and insurance collapses worldwide buddy, and the implications thereof.

You somehow believe that our institutions are more corrupt or less ethical.
Joke.

Have fun!

 

[AntennaMan]

Do some reading of some of the huge banking and insurance collapses worldwide buddy, and the implications thereof.

You somehow believe that our institutions are more corrupt or less ethical.
Joke.

Have fun!

The idea isn't to protect against worldwide banking collapse. It is to protect against SA government stupidity and interference.

 

[rietrot]

How is the government going to bind foreign banks to SA laws?

Do you need to bring the money back in? Then you might have a problem.

 

[MirageF1]

The idea isn't to protect against worldwide banking collapse. It is to protect against SA government stupidity and interference.

Read what I wrote.
Banks worldwide are not security...especially in these precarious uncertain times.
And who do you think underpins all of these offshore schemes, savings, whatever?

Some people have serious comprehension skills.

 

[rietrot]

Read what I wrote.
Banks worldwide are not security...especially in these precarious uncertain times.
And who do you think underpins all of these offshore schemes, savings, whatever?

Some people have serious comprehension skills.

Then you are left with gold, maybe bitcoin. Or other physical assets like bottled water and pumpkin seeds.

Cash is certainly not a safe place to store wealth, especially with all the printing going on.

 

[MirageF1]

Then you are left with gold, maybe bitcoin. Or other physical assets like bottled water and pumpkin seeds.

Gold yes, Bitshit def no! About as secure as a load of white bread in Khayalitshya.

Cash is certainly not a safe place to store wealth, especially with all the printing going on.

I was being fascetious if you hadn't noticed.

 

[JayM]

Read what I wrote.
Banks worldwide are not security...especially in these precarious uncertain times.
And who do you think underpins all of these offshore schemes, savings, whatever?

Some people have serious comprehension skills.

This thread is specifically about preventing our government from stealing the funds. With that in mind, an overseas account is safer than a local one.

 

[MirageF1]

...an overseas account is safer than a local one.

No it isn't, utlimately.

For all the reasons I've detailed above.

 

[AntennaMan]

No it isn't, utlimately.

For all the reasons I've detailed above.

You haven't detailed anything. You have made vague statements about foreign banks collapsing, without providing proof.

Yes, the world is experiencing troubling times, but most nations in the world aren't actively talki g about taking away property rights of their middle-class or minorities. Most developed economies in the world are ticking along, slower, but not dead. This is insurance against local idiocy, not worldwide collapse.

 

[JayM]

No it isn't, utlimately.

For all the reasons I've detailed above.

So, you're 100% in offshore physical gold then, I assume?

 

[rietrot]

So, you're 100% in offshore physical gold then, I assume?

Offshore and physical is a bit of a contradiction if he isn't offshore himself too.

 

[MirageF1]

You haven't detailed anything. You have made vague statements about foreign banks collapsing, without providing proof.

You must eirher be on drugs or simple minded.
P.S Google might be of some assistance.

 

[JayM]

Offshore and physical is a bit of a contradiction if he isn't offshore himself too.

Depends if he can go live elsewhere or not.

 

[AntennaMan]

You must eirher be on drugs or simple minded.
P.S Google might be of some assistance.

You made the claims. It is not on me to verify them.

 

[JayM]

Do you need to bring the money back in? Then you might have a problem.

Hell no.