where is a good place to hide my money?

Answer 1

Good question...I think.

Are you talking about hiding money from the IRS? Try a swiss bank account.

Are you talking about just a plain old fashioned place to park some cash? Try a pass book savings account at the bank.

Are you talking about having a stratigic stash of cash at the house? Cool one

Put together a 72 hour kit and put some cash in it. If some one comes poking along looking for it, there are lots of places to keep it so its hard for them to find it. Put a few boxes of wooden matches in your go bag and put a few bills in with the matches. Get copies of all your important documents like birth certificate etc. use the pockets of a duffel bag that you are useing for your 72hour kit. Put dried foods and such in there along with the cash. Put some in your first aid kit. I would go with no less than 300 dollars. Good luck

Answer 2

It depends on how much and who you're hiding it from. Let's say 10,000 and you're hiding it from the IRS - safe deposit box at a bank, an account with a swiss bank (or any other traditional tax haven) that earns interest.

Let's say you're hiding it from you're spouse, money market account at a bank (Emigrant Bank currently has high rates).

Let's say its 100,000 or more. Easy. Swiss account that allows you to invest in securities, buy bonds that meet your risk tolerance, have the coupons deposited in a money market account that is linked to your visa card, that you can spend anywhere you want. If it really needs to be really hidden, then the visa card is obviously under a false name.

Alternatively, if you want to be more active with the money, you should look into setting up some shell companies that own legitimate revenue generating enterprises. You can set up lease-backs that disguise who controls the enterprise, and siphon off any of the profits. There is a great one where your enterprise leases $1 million in real estate from the launderer for 10 years at 10,000 per year. The real estate generates more like $100,000 to 150,000 per year, and everyone wins. It works even better when the launderer has another company that lends the leasee the present value of the future anticipated earnings and you can basically cash out the false profit all in one day, and book it over a the 10 year lease period... okay, I'll stop.

Answer 3

In an account in a bank, where it will earn interest.

If you're trying to hide money in your house, you can hide it in a sock in your drawer, in a book in your bookcase, or in an envelope taped under a piece of furniture.

If you're trying to hide money on your person, put it in your shoe.

Answer 4

That depends on from whom you are trying to hide it.

Disregard the answers telling you to put it in a bank. Most banks in most parts of the world, including and especially those in the USA, routinely disclose financial information of their customers. The US government does not even need a court order, and the bank itself will initiate disclosures on a fairly regular basis.

Also keep in mind that bank officers have been known to raid safe deposit boxes under any number of circumstances. The state of California for example allowed banks to raid their customers' safe deposit boxes after banks merged and misplaced the owner's identity. Owners were unable to claim their property even after producing the key to the box--they would find their boxes empty. Precious metals and jewelry went missing.

The answer also depends on how much money you are trying to hide, and how available it needs to be.

If you are trying to hide small amounts of currency from burglers, keep it in a fireproof safe tucked into a discrete location. You could simply hide the firesafe under your sweaters in a box. That is usually sufficient as they will go after obvious valuables, not rifle through your sweaters.

If you are trying to hide larger amounts of money from, say, predatory lawsuits or predatory ex-spouses, you might consider a bank account in a country that has banking privacy. Austria would be a good choice. It takes a court order from an Austrian court to seize assets or disclose the existence of an account in an Austrian bank.

Checks in the USA for 10,000 or more are likely to trigger a "suspicious activity report" from your bank. A check for $9,999 will REALLY set off some alarms and possibly get you into serious trouble. Fund the account with multiple checks, either at different times or from different banks. You're not doing anything illegal or unethical by doing so. It is not illegal to have an offshore account, as long as you earned the money legitimately.

If you want to hide money for long periods of time, consider converting it to precious metal. While this will not earn interest, neither will it lose value from inflation. Precious metal unlike currency does not burn or get chewed by rats, and it is protected from inflation.

Answer 5

My 93 grandma hides her purse in the garbage and her spending money in a used kleenix. She's had two breakins and both times she's slept right though them. They searched everywhere, but would you look in the garbage? I'm just suprised her homemaker hasn't thrown out her purse by accident yet, lol

Answer 6

I don't suggest it. From whom are you hiding it? If you must hide it, you likely should not have it in the house at all. It would be safer in the bank if there is a real threat of it being stolen.

Answer 7

a bank. just get a savings account. Don't put it in like a jar, or under your bed or anything simple like that. Money fluxuates, it changes value everytime. If you just put your money in your room, it loses value, and its basically like someone stealing part of your money. so i would suggest a bank, you can still lose some value in it, but not as much as putting it in a jar

Answer 8

If you mean near you then hide it in a Bible,,, most people don't even know what one is and if they do they certainly wouldn't touch one !

If you mean as in institute wise.. then an account offshore...Switzerland to be exact works for me !

Answer 9

what i do is hide it in my clostet. Past some clothes, and on a shelf. inconspicuionusly cloaked in-between some never-used blankets, never been found in thirty years!

Answer 10

Honestly...the safest place to have ur money is in a bank...there if any one ever steals ur credit card or anything...ur money is still safe..