Why do the rich and famous put their money in Swiss Banks?
This is a question that has been a public secret for a long time and a topic covered in mist and secrecy. In this article we would like to share why the most affluent people in the world have been historically choosing Swiss Banks for their wealth.
First and foremost reason is security and wealth preservation.
Making sure that your wealth is safe and there for the generation after you is in fact one of the most important reasons.
According to latest research Swiss Banks are one of the most liquid banks in the world. Furthermore most of the private banks do not get involved into commercial activity such as loans, discretionary investment programs etc.
Their sole purpose is safe keeping the wealth of their customers.
The second very important reason is secrecy. Famous for their secrecy laws bankers are legally barred from sharing any information about their clients. This goes as far as even confirming the existence of an account. If a banker breaks privacy this is considered a criminal offense and prosecuted by the state in the court of law.
The third reason is the country itself. Switzerland has been neutral on all political conflicts remaining a safe haven in times of war.
Currently they still have a special stature within the EU that allows them to keep the Swiss Franc which has virtually zero inflation since it is backed by gold reserves.
So is this still the case or is it possible for people without a seven figure bank account balance to enjoy the benefits of the Swiss Bank System?
Because of competition it is now possible to open a Bank Account in Switzerland with as little as CHF 1 000 – 5 000 starting balance. This will give you access to their exclusive services such as: private bankers, investment research reserved only for their clients etc.
Does this sound like something you might be interested in?
