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Where is the best/safest place to put a large sum of money? Banks are failing, crypto is crashing, gold gains no interest. Im also trying to keep the govt from potentially snatching it in the future. Is creating a foreign trust a good option? Any advice is appreciated. thanks

Where is the best/safest place to put a large sum of money? Banks are failing, crypto is crashing, gold gains no interest. Im also trying to keep the govt from potentially snatching it in the future. Is creating a foreign trust a good option? Any advice is appreciated. thanks

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[–] 0 pt

Buy silver. It doesn't pay interest but it maintains it's value. There is no counter party risk. It doesn't degrade and is fairly portable. It's trading nowhere near its value relative to gold so any reason to buy gold, silver is better.

Land has reoccurring costs and would require energy to maintain. It is subject to local authorities laws and regulations. It has counter party risk. If banks go under, no loans for people to buy land therefore if you needed to sell, not many would be able to buy straight up.

Stock market is a casino and I wouldn't be able to sleep if I had a significant amount of money in it.

Bonds are fucked and anything the FED touches is shit.

Cash is dumb because inflation is double digits.

You could invest in rare whiskies but in hard times, it may be hard to find someone that can appreciate a 10k bottle of whiskey. Also fragile and can degrade with improper storage.

Art, really?

Buy a buisness, again this requires input energy to maintain and has counter party risk.

Crypto is not private, it's fully trackable, relies on other people's networks so it has counter party risk. There's about a thousand different ones so you'd better hope you pick the right one that will maintain it's value through economic downturns.