Having money outside the U.S.

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ltlredwagon's picture
ltlredwagon
Status: Bronze Member (Offline)
Joined: Nov 23 2008
Posts: 87
Having money outside the U.S.

Mark Faber, in his interview with CM, recommends having some money outside of the U.S. (I think I've heard Canada and Australia mentioned elsewhere in this regard). I could establish an account in Canada easily on a visit to my brother in Washington. Would appreciate a clarification on this point: If one has PMs and cash on hand, what is the reasoning behind also having money in another country? I could also hold maple leafs in a safety deposit box in Canada - good idea?

sevenmmm's picture
sevenmmm
Status: Silver Member (Offline)
Joined: Jan 19 2011
Posts: 108
Re: Having money outside the U.S.

My first question; what would stop the foreign bank/gov from confiscating American assets?

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