Swiss banks looking for US clients again

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
technovelist
Executive Member
Executive Member
Posts: 6666
Joined: Wed Sep 15, 2010 11:20 pm

Swiss banks looking for US clients again

Post by technovelist » Mon Sep 09, 2019 8:14 am

User avatar
ochotona
Executive Member
Executive Member
Posts: 3177
Joined: Fri Jan 30, 2015 5:54 am

Re: Swiss banks looking for US clients again

Post by ochotona » Mon Sep 09, 2019 9:50 am

Not with Swiss negative yielding bonds!!!
User avatar
technovelist
Executive Member
Executive Member
Posts: 6666
Joined: Wed Sep 15, 2010 11:20 pm

Re: Swiss banks looking for US clients again

Post by technovelist » Mon Sep 09, 2019 10:06 am

ochotona wrote:
Mon Sep 09, 2019 9:50 am
Not with Swiss negative yielding bonds!!!
That doesn't affect holding gold in Switzerland.
User avatar
ochotona
Executive Member
Executive Member
Posts: 3177
Joined: Fri Jan 30, 2015 5:54 am

Re: Swiss banks looking for US clients again

Post by ochotona » Mon Sep 09, 2019 10:16 am

I just don't see the value proposition. The article said nothing.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10749
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Swiss banks looking for US clients again

Post by dualstow » Mon Sep 09, 2019 11:51 am

Their formerly large list of clientele now looks like their most famous cheese.
RIP Toots
in NE Syria, a Russian armored vehicle deliberately rammed an American military viehicle, leaving 7 US service members with concussions — the week
User avatar
ochotona
Executive Member
Executive Member
Posts: 3177
Joined: Fri Jan 30, 2015 5:54 am

Re: Swiss banks looking for US clients again

Post by ochotona » Mon Sep 09, 2019 1:43 pm

The woman whose is headlining the article is butt-ugly. If it were Russian wealth advisors, at least it would be a pretty girl portrayed. But then your money would be gone. The Swiss will take it slowly, at least, while you eat your raclette.
User avatar
technovelist
Executive Member
Executive Member
Posts: 6666
Joined: Wed Sep 15, 2010 11:20 pm

Re: Swiss banks looking for US clients again

Post by technovelist » Mon Sep 09, 2019 2:46 pm

Ok, I guess no one here thinks it is important that Swiss banks are taking US clients again.
I'm pretty sure that Harry Browne would have thought differently, but he isn't around to discuss it.
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2524
Joined: Sun Apr 25, 2010 9:51 pm

Re: Swiss banks looking for US clients again

Post by l82start » Mon Sep 09, 2019 7:03 pm

doesn't the new "we fill out all the paperwork and us government regulations" accounts that just opened up to Americans kinda defeat the whole purpose of Swiss accounts and geographic diversification?
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 2864
Joined: Sun Sep 16, 2012 5:28 pm

Re: Swiss banks looking for US clients again

Post by Kriegsspiel » Mon Sep 09, 2019 7:50 pm

I have to agree with ocho here. If they were serious, there'd be a hot Russian chick on that web page. Fucking amateurs, I'm honestly embarrassed for them.
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
User avatar
technovelist
Executive Member
Executive Member
Posts: 6666
Joined: Wed Sep 15, 2010 11:20 pm

Re: Swiss banks looking for US clients again

Post by technovelist » Mon Sep 09, 2019 8:52 pm

l82start wrote:
Mon Sep 09, 2019 7:03 pm
doesn't the new "we fill out all the paperwork and us government regulations" accounts that just opened up to Americans kinda defeat the whole purpose of Swiss accounts and geographic diversification?
Of course it would be better for privacy if they didn't have those rules, but there are still advantages to having some assets outside the US even if the government knows all about them.
boglerdude
Executive Member
Executive Member
Posts: 572
Joined: Wed Aug 10, 2016 1:40 am
Contact:

Re: Swiss banks looking for US clients again

Post by boglerdude » Mon Sep 09, 2019 9:43 pm

taxation is theft? Throw the disabled into a volcano?
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2524
Joined: Sun Apr 25, 2010 9:51 pm

Re: Swiss banks looking for US clients again

Post by l82start » Mon Sep 09, 2019 10:31 pm

technovelist wrote:
Mon Sep 09, 2019 8:52 pm
l82start wrote:
Mon Sep 09, 2019 7:03 pm
doesn't the new "we fill out all the paperwork and us government regulations" accounts that just opened up to Americans kinda defeat the whole purpose of Swiss accounts and geographic diversification?
Of course it would be better for privacy if they didn't have those rules, but there are still advantages to having some assets outside the US even if the government knows all about them.
the benefit will probably depend on the fine print in the rules, can you get there and retrieve it before the US can freeze it or seize it??
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
Post Reply