gravid
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posted on July 14, 2002 07:10:31 PM new
Any of you folks have a good foreign back you'd recommend for a higher interest rate and a currency that may increase in exchange against the $US?
I don't need any secrecy. I plan to report it faithfully. But I'd like some traveling money beyond the reach of an easy law suit settlement here in case I find myself taking a long vacation on short notice.
Canada I can only get 2% and I used to know a guy in American Samoa that would offer me good rates for a low deposit amount and now he will only take $10,000 min. deposits. He did too well and doesn't need little guys anymore. He used to welcome $500 at a time.
Or US$ accounts are OK too.
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nycyn
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posted on July 14, 2002 07:22:22 PM new
HSBC? First ran into them in Scotland and now they are all over the place.
Where are we going? Strength in numbers.
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gravid
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posted on July 14, 2002 07:33:29 PM new
Depends on the extradition treaties.
I'll check it out. Thanks.
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snowyegret
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posted on July 14, 2002 08:28:09 PM new
Chase Manhatten, Roadtown, Tortola, British Virgin Islands
You have the right to an informed opinion
-Harlan Ellison
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nycyn
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posted on July 14, 2002 08:44:20 PM new
REAMOND?
Meanwhile Gravid, keep me informed. I'm getting as fluid as possible myself.
Anybody wanna buy a napkin holder?  A huge old six-panel carved gold-gilded "Chinese" laquer screen of Buddhist nuns?
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auroranorth
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posted on July 14, 2002 11:11:11 PM new
Credit Suisse Zurich switzerland,
Moslem Bank Pakistan.
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nycyn
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posted on July 15, 2002 07:39:59 AM new
>>Moslem Bank Pakistan<<
Actually they quite a little system of moving money. What is called again?
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gravid
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posted on July 15, 2002 11:51:36 AM new
HSBC does seem very nice but you have to phone them for rates. I don't use the phone.
Swiss banks are too difficult to open and pay nothing or charge fees.
Indian banks have good rates 3%+ for US and pounds and 4% + for Euros. But I am not sure I can open an account if I am not of Indian ancestry. Still checking.
Still have to check Chase. I just sold all my stock in them - too bad that helps sometimes.
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STANLEYMU
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posted on July 16, 2002 05:23:38 PM new
Cyprus, www.Laiki.com
but do your own research first.
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gravid
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posted on July 16, 2002 05:44:39 PM new
always - but thanks for a direction
Interesting - The site shows then after about a second it goes to a no such file error page - then my browser freezes until I close it And close a running browser that does not show a window but is listed when I pull down a three finger dance close program window.
Does the same thing on another server I found on Google for the same group. Guess they don't want me to look.
[ edited by gravid on Jul 16, 2002 05:58 PM ]
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stockticker
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posted on July 16, 2002 06:02:31 PM new
Gravid, Another economics lesson - if interest rates are higher in a foreign currency, that usually means the currency may decline in value against the U.S. dollar. It's risky. You may make more interest but your principal may be a lot less when you change it back into U.S. dollars at some future date. It's best to stick to U.S. dollar accounts.
Irene
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gravid
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posted on July 16, 2002 06:09:31 PM new
Sure - I understand/ And I have seen people do stupid things - putting ALL their money in Pesos for example when they retired to Mexico. But I think the dollar is headed down for at least the next 6 months and maybe as long as a year and a half against the Euro, Pound and maybe even the Yen to a lessor degree.
You used to be able to get a Indian account denominated in Euros but they just cut that off for foreighers.
If I wanted to just park it at zero interest and count on the exchange I can get travelers checks denominated in those currencies for no fee up to $10k that will redeem later at the then current exchange.
[ edited by gravid on Jul 16, 2002 06:13 PM ]
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