Wealthy Americans are pouring money into Swiss bank accounts and buying gold to weather the recession


- Swiss banks and consulting companies are witnessing a flow of wealthy American investors President Trump also met the US markets and dollars. 1 % opens investment accounts abroad and leads to gold bars – but it is not the only way for American citizens protecting their wealth from the bloodback in the stock market.
Economists from Jp Morgan to Apollo They waving the red flag: a The recession of the United States probably. Therefore, Americans deliver their money to more headed, Switzerland, open investment accounts and buy gold in large numbers.
“He comes in the waves,” Pierre Gabrice, CEO of Alpeen Partners International, He said NBC News.
“when [former President Barack Obama] He was elected, and we saw a large wave. Then, Kovid was another wave. Now a tariff causes a new wave. “
The American economy has been in a state of chaos since President Trump dropped the hammer on international trade. for him “Editing DayOn April 2, a 10 % foundation tariff revealed all the goods imported to America. Trump’s largest foreign opponent, China, has the shortest end to the stick; A tariff up to 145 % on its products. The miller investors quickly sold their shares and the US Treasury SecretaryCaus a 10 trillion dollars in the elimination of global stocks, before Trump stopped some customs tariffs on April 9.
instead of Selling in dipping Or in an attempt to take the time of the market, the wealthy people diversify their banking portfolios and banking services on one of the safest and most stable economies in the world: Switzerland.
Why is Switzerland attracting the wealthy Americans?
He said the image of the Swiss private bank NBC News It has seen a “great rise” in customer requests in its Swiss entity registered with SEC to American customers.
Other financial consulting companies in the country, such as Alpen Partners International, have business from North America. It is part of the customer plan to “cancel” America “their investments-and Switzerland will take their money happily.
The European nation has become a safe haven for several reasons: the country’s policy is often neutral, the economy is stable, and the currency is reliable.
American investors can deposit money to their Swiss bank accounts in the Swiss franc, with other options of the euro and the dollar available. But you may prefer a stable tender as the American currency value WeakenThe franc has historically gained value against both the euro and the US dollar. The inflation rate in Switzerland is also relatively low, and the government traditionally is not overlapping.
The neutral situation is also famous for its storage and refineries, which the United States can buy with their Swiss bank accounts. Physical gold is Popular investment While fluctuating the market for its fixed value. He – she Even S & P 500 during the month of March.
“The safe gold state is not weakened,” Lina Thomas, a commodity analyst in Goldman Sachs, He said luck. After uncertainty in the market, such as Trump’s comprehensive definitions, prices may decrease before the bounce quickly. “Then we expect to see a sharp increase in the demand for gold.”
The opening of a Swiss bank account is relatively clear, but the process comes with the strict disclosure laws of the United States. Americans need to report their accounts to the Tax Authority through the report of foreign banks and financial accounts. Swiss banks should also run the background appearance on customers to ensure their compliance with anti -washing regulations.
American citizens are exposed to stagnation
Pouring money into Swiss bank accounts and storing gold bars are not the only ways the Americans do their “stagnation” their lives.
Late last year, American citizens were preparing for the unavoidable tariff By storage On the basics one in three Americans planned to buy more goods, with 39 % refer to the fear of tariffs as their main motivation, according to 2024 survey From Creditcards.com. The toilet paper was one of their list, followed by non -damaged foods, medical supplies, and medications that did not need a prescription.
Even General Z – known for “Perfume spendingOn a few luxuries for dopamine hits – they give up their financial habits. They are currently Disturbing again Various purchases with “no purchase lists”, using Chatgpt as a free processor, diving in garbage for products, young people lead the direction of saving.
“There is now a lot of economic uncertainty,” Tiktok user @ @Whatsaves She said in a video, adding that she was treating $ 9,000. “I really try to go on a journey to eliminate many things of my life, to live more intentionally, not just go shopping.”
This story was originally shown on Fortune.com
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2025-04-22 15:50:00