Yesterday I was on a mission in Vienna to buy and store gold; today I was on another mission that is honestly quite sensitive, but I’m going to share it with you anyways.
Banking.
For years, Austria has been one of Europe’s best destinations for ‘private banking’– professional wealth and asset management by conservative, responsible stewards who ensure that return on savings will beat the rate of inflation.
While Switzerland has closed itself off to many North American customers, particularly those who do not bring tens of millions of dollars to the table, several Austrian banks have remained open to working with Americans, in particular those who reside outside of the United States.
Of course, demonstrating that you reside outside of the United States is easy to do if you own property overseas, have a lease, or a residency permit. These are the sorts of things you should be doing anyways if you intend on taking control of your own freedom.
With Austrian banks, minimum deposits are often just a few thousand dollars for some of the larger banks, and $100,000 for the smaller, more personalized banks.
Austria is currently on the OECD’s ‘grey list,’ the list of countries that this completely worthless and irrelevant organization named several months ago for failing to hand over customer financial information to the international community.
In Austria, banking secrecy has been a long-standing tradition and is protected with the same legal status as the country’s constitution. Unfortunately, this has been coming under fire lately.
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