Monday, April 15, 2013

Hold money in Singpore Dollars in a Singaporean Bank

If you have all your money in the bank eventually you may lose up to 40, 50 percent  or even 60 depending on the quality of the Bank. If you hold your money in a Singapore bank in Singapore dollars, I think Singapore dollar deposit may be safe. But if you hold US dollar in a Singapore Bank they place it in a Intermarket rate and that deposit may not be safe.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.