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I have some money that I would like to hide for some years.
Are bonds a good idea?
Are bonds like a paper with no name on it that I could just go and cash it sometime in the future anonymously?
Are government bonds a good idea?
Interest rate is not a problem but I wouldn't like something risky.
All I want is to be able to hide some money for like 5-10 years off in the future.
I live in Romania so there might be a difference but if you know anything about bonds in your own country please share the info with me and your location.
Thanks

2007-11-13 08:01:34 · 4 answers · asked by Anonymous in Business & Finance Investing

Gold wouldn't be an option for me.
Its too much of a hassle.
I want something certain that I can get my cash at a certain date without running around.
Is there any limit on the amount of cash bonds are issued by governments?
I mean could I get a 400k euro bond?
Do you know if the central european bank issues bonds?

2007-11-13 08:14:45 · update #1

4 answers

Bearer bonds are no longer legal in the US -- for exactly the reason why you want to use them. New bonds in the US are registered -- which means that the owner of record is known.

Since you don't live in the US, you may still be able to buy bearer bonds that are issued in other countries. You can talk to your banker about buying them.

You can also open a Swiss Bank Account and keep your money or securities there. They will keep your secret.

2007-11-13 09:04:35 · answer #1 · answered by Ranto 7 · 0 0

Honestly, gold coins are the best way to hide money. Buy American Eagles, Krugerrands, Australian dollars, Canadian dollars, those types of coins (all gold ones), not the ones supposedly scraped off the bottom of the ocean or anything antique.

Sorry, the Canadians one are called Maple Leaf. Also, there are Chinese Pandas.

2007-11-13 08:09:51 · answer #2 · answered by CNJRTOM 5 · 0 0

Yes, they are technically "anonymous", but they are generally purchased in bond markets or directly from issuers (like the US government) such that there would be a paper trail.

2007-11-13 08:10:15 · answer #3 · answered by Anonymous · 0 0

NO!

2007-11-13 08:16:40 · answer #4 · answered by da_zoo_keeper 5 · 0 0

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