How to store money in the years of negative interests?

[kkein]

We live in a paradox these days: it's more convenient to keep cash under the mattress than in a bank.
So, either you are a private or you are a corporation with a decent amount of liquidity, where to store such money so that they are safe (banks and EMIs seem to explode every second day lately) and that they won't be plagued with the bloody negative interest forced by central banks (which BTW should imply prices for goods decrease BUT THEY KEEP INCREASING!)
The only safe way i know is paper cash, i try to withdraw as much as possible but it is becoming increasingly difficult, many banks report you if you do that, plus there's always limit in flying with cash without declaring it, and saying that you carry 100k€ because of the -0.5% might not even hold. Plus you might not want this info to be broadcasted internationally soooo..

Where to store cash so that it won't be attacked by the bloodsuckers?
@Martin Everson ?

 

[VESTANON]

Get a Nice Private 7-10 feet Safe and start stashing out...
A few realize that having serious crypto amounts stashed rather than fiat, might end up loosing either due to the inability to convert crypto into Large amount of fiat, without The EMI/Crypto Platform Requesting Major KYC and documentation..inability to provide such would lead to your crypto placed on Hold or the EMI suddenly folds up under the guise of Authorities/Violation of certain Laws etc...(as we speak we barely all have info whats going on behind the scene with such platforms...till that operation goes belly up and blood pressures start boiling)

Now is the time to convert- cash out and keep physical fiat, and if possible in all major currencies all stacked up.

@Martin Everson already talked about negative rates back in 2019, and now its rolling out and been enforced, only The Man Above knows what would be next inline under the guise of negative rates....

Yes Crypto would rise to higher heights,the major question is how would you Cashout, before its too Late...???

It trickles and then it pours....

 

[Martin Everson]

Nothing can compete with big denomination physical cash notes for wealth storage and liquidity. Hence the popularity of the old 500 euro note and new 1,000 chf note.

However physical cash will not work so easily in the west going forward due to AML concerns and digitization of the economy. I don't think there is a solution that is stable (crypto stable coin is not solution).

Preserving purchasing power while maintaining liquidity and portability may be a thing of the past to be honest but until then cash is only solution that comes to mind.

 

[MiddleEuroAsia]

We live in a paradox these days: it's more convenient to keep cash under the mattress than in a bank.
So, either you are a private or you are a corporation with a decent amount of liquidity, where to store such money so that they are safe (banks and EMIs seem to explode every second day lately) and that they won't be plagued with the bloody negative interest forced by central banks (which BTW should imply prices for goods decrease BUT THEY KEEP INCREASING!)
The only safe way i know is paper cash, i try to withdraw as much as possible but it is becoming increasingly difficult, many banks report you if you do that, plus there's always limit in flying with cash without declaring it, and saying that you carry 100k€ because of the -0.5% might not even hold. Plus you might not want this info to be broadcasted internationally soooo..

Where to store cash so that it won't be attacked by the bloodsuckers?
@Martin Everson ?

Look for the Singaporean gold vaults like Welcome to SGPMX | SGPMX (Singapore Precious Metals Exchange).

Sigapore is considered the Switzerland of Asia but more modern. So you can buy gold and you can store it there, the same way you open an offshore bank account and keep your money there or you can take it with you if you like.

If you Got bored. you can sell your gold or borrow against it and do what ever you want with the money, you can invest in crypto in real estate or whatever you want and after you're done, you exchange the remaining fiat for gold or any precious metal.

 

[Silvio]

Don't forget that infinite QE (money printing) also burns the value of your money every year, so holding cash you will lose quite a bit

 

[kkein]

Don't forget that infinite QE (money printing) also burns the value of your money every year, so holding cash you will lose quite a bit

True, some claim ECB QE is minor, others do not. negative interest rate does not compute with QE, yet it is negative.
Regardless, what other liquid(able) options are there that are better than cash? Swiss francs?

 

[Silvio]

Swiss francs is also "cash" and buying it is a speculation like any other, doesn't guarantee you any preservation of value.
The Swiss National bank is also printing massive amounts of CHF and using it to buy US stocks...

In order to protect yourself against inflation- Real Estate, Stocks, Gold as a hedge. Diversify as much as possible and your risk will be minimized.

 

[Martin Everson]

History has proven the only real long term stores of wealth are Land, Gold and Art. But only one of those is liquid and you need long time horizons for all of them. These form the long term legacy part of my portfolio and the near/short term major part is cash and 30yr treasury bonds (bought when yields were decent).

 

[JackAlabama]

Get a Nice Private 7-10 feet Safe and start stashing out...
A few realize that having serious crypto amounts stashed rather than fiat, might end up loosing either due to the inability to convert crypto into Large amount of fiat, without The EMI/Crypto Platform Requesting Major KYC and documentation..inability to provide such would lead to your crypto placed on Hold or the EMI suddenly folds up under the guise of Authorities/Violation of certain Laws etc...(as we speak we barely all have info whats going on behind the scene with such platforms...till that operation goes belly up and blood pressures start boiling)

Now is the time to convert- cash out and keep physical fiat, and if possible in all major currencies all stacked up.

@Martin Everson already talked about negative rates back in 2019, and now its rolling out and been enforced, only The Man Above knows what would be next inline under the guise of negative rates....

Yes Crypto would rise to higher heights,the major question is how would you Cashout, before its too Late...???

It trickles and then it pours....

Look at india and the philippines. Two examples which cancelled bills at will and then you sit with worthless toilet paper (actually, toilet paper is still better value than these old bills). Who knows who follow suit?

You just need to have enough crypto. Some banks will go out of their way if you want to dump 20M there and will help you convert lol.