View Single Post
  #13  
Old 01.10.2015, 11:16
jacek's Avatar
jacek jacek is offline
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,209
Groaned at 105 Times in 80 Posts
Thanked 5,697 Times in 3,209 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Investing long term - buying a rental property vs trading index funds vs?

Quote:
View Post
I don't believe that the majority of hidden money in Swiss Banks was actual CASH held in CHF. Foreigners holding numbered accounts never got any interest & had charges on top 'to hold mail' etc. Most of the 'money' was assets such as stocks & bonds in whatever domination those assets were. The Swiss banks never were interested in holding accounts worth just 10k, they attracted 'sophisticated' investors.

Pretty much the same will be true for Singapore, what happens to the local currency is irrelevant.
I agree but I refer to Singapore dollar that, according to the author, seems to be on stable path to exceed the US dollar.
Reply With Quote