9 Responses to India’s rich hoarding away banknotes, gold and art works in Swiss deposit boxes in record numbers

  1. ONTHEMARK55 says:

    Banknotes and paintings would be ok, but gold and diamonds would be hard to digest. Not a Doctor but might recommend a stool softner.

  2. Dennis E. says:

    Hmm. Switzerland. I read this comment;The vast majority of Swiss account holders are honest people who want to keep their savings in a country renowned for its stability.
    I think some want to avoid paying taxes on their gold, diamonds and precious art collections.
    Well, it’s fine if you have it. But, you can’t eat it, can’t sit on it, can’t lay on it. In the end you can’t take it with you, but if I had to store it in another country that far away and had to travel that far to look at it, then its not worth having to go through all of that. I think I would sweallow the taxes or sell it and have peace of mind………
    Then again, perhaps I missed the intent of the posting……….

  3. Rob B. says:

    The point refers to possible upcoming capital controls and seizures. The contents of safe deposit boxes are not assets of the ban per se. They cannot be seized or frozen like a bank account

  4. Blessed says:

    You are right you can’t eat gold and money, see what the rich do because they don’t have Jesus Christ and the Holy Trinity. Even the money won’t help you only God will help all of us now. Open your eyes people turn your lives back to God the One and only true God – Jesus Christ. You can not take it with you and even Gold is worthless if there is no water or food to ingest. Plus you diamonds are not protection from bombs or a terrible war.

  5. John says:

    So, when the SHTF, these Indians are going to try and catch an airplane to collect their gold in Switzerland? Good luck !

  6. nanoduck says:

    Gotta love the rich people and their attachement to worldly riches. Don’t they know that the realms of heaven is literally paved with gold and diamonds? And that there is a vast library with every masterpiece art and books produced from all over? Things on earth really do pale in comparsion with what is on the other side….we should be learning to love and be compassionate instead of hoarding things.

  7. tonic says:

    These are “riches” of today. Your hands, and what you can produce with them, could be the most valuable thing you have in the near future.

  8. Irene C says:

    Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. – James 5:3

    Their wealth won’t save them in the end.

    But lay up for yourselves treasures in heaven, where neither rust doth corrupt, and where thieves do not reak through nor steal:… – Matthew 6:20

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