Is bank safe for this amount.
- Thread starter SeoNuuby
- Start date
skripel
BANNED
- Sep 8, 2010
- 248
- 81
i never thought BHW would have this ridiculous questions but anyhow. If you ever get $100 mil, i dont think you will be worrying about your country and the banks in it. I suppose you would have professional advisers for that matter and access to any bank of any country in the world. And yes there are banks that can be trusted!
As soon as you earn $100 million, you will be able to afford the services of the best investment consulting firms in the World and I'm sure that they will be able to give you a pretty good advice on how to manage your money. The banks in EU guarantee deposits of up to 50 000 Euros and in the States the amount is $100 000 as far as I know...
MasterMagician
Junior Member
- Oct 1, 2012
- 128
- 106
From my unprofessional point of view i can say that there is a much much bigger chance you will lose your money by a bank going broke than gold losing its value any time soon. Matter of fact i believe gold prices will keep rising the next 3-5 years so i am acting accordingly with much less than $100 million 
You can also put it in money market accounts at brokerage firms. They usually buy insurance above the 100k limit. I know some offer $10 mil insurance SIPC. Like others said, if you have $100 mil you can get really good investment advisers that will spread your risk and let you know which banks are safe.
Don't put all your eggs in one basket. If all you really want is banks, use several different banks around the world. When you get to $10 mil, PM and I can be your financial adviser.
Don't put all your eggs in one basket. If all you really want is banks, use several different banks around the world. When you get to $10 mil, PM and I can be your financial adviser.
BHopkins
Elite Member
- Dec 31, 2010
- 2,609
- 1,753
This is the best answer.
Duffers5000
Elite Member
- Apr 1, 2012
- 2,477
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I would worry about making the dough before I worried about where I was going to put it. If I had a 100 Million I would invest in a fairytale mansion with 100 rooms full of beautiful women, in the grounds I would have a full sized football stadium and a Formula one racetrack where me and my friends could have some weekend races. Of course there would be a 24 hour 365 party on my ridiculously sized yacht.... Thats how I would invest my money.......whaever I had left over I might squander !
Godspeed
Regular Member
- Aug 23, 2007
- 328
- 124
You will never earn $100mil, so don't worry.
AnotherOne
Senior Member
- Nov 28, 2011
- 1,021
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zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
Whatever nest egg you acquire, it's best to put 10% in precious metals (physically held by you in a secure safe, no banks or certificates), buy at least one normal-sized home all-cash, and put most of the rest in several banks (in country, and offshore). $50 million at 1% interest is half a million bucks a year, not too shabby.
RedQueen
Regular Member
- Feb 13, 2012
- 466
- 28
you should buy Google Shares and vote against future updates like Penguin or Panda
^^^ take that as your first thing to do with your money