Well you just blown my work around for Malta...lol. God damn it!!!smi(&%
Seriously there is nothing like the freedom physical cash cab give. Knowing you don't have to face negative rates, thirdparty risks or jump through loops to get at your money when you need it is a fading luxury. You can ask people in Cyprus during the banking crisis....your money in any bank︀ is NEVER yours 🙁. They will lower cashpoint thresholds i.e Cyprus, switch off e-banking i.e︁ Northern Rock bank in UK during crisis. If you don't hold some physical cash then︂ be prepared to see "Sorry this service is temporarily unavailable please try again later︃"
Just like when Satabank went under Malta let account holders starve to death with︄ no access to their money for months. Don't look for the state to help you︅ in a crisis if you don't prepare wisely.
Anyway real estate in cash is possible.︆ You just need to speak to small scale developer and work out an arrangement.
P.S I said it before here but during a major financial crisis physical cash will be︇ exchanged at a premium to "bank credit" 😉.
Seriously there is nothing like the freedom physical cash cab give. Knowing you don't have to face negative rates, thirdparty risks or jump through loops to get at your money when you need it is a fading luxury. You can ask people in Cyprus during the banking crisis....your money in any bank︀ is NEVER yours 🙁. They will lower cashpoint thresholds i.e Cyprus, switch off e-banking i.e︁ Northern Rock bank in UK during crisis. If you don't hold some physical cash then︂ be prepared to see "Sorry this service is temporarily unavailable please try again later︃"
Just like when Satabank went under Malta let account holders starve to death with︄ no access to their money for months. Don't look for the state to help you︅ in a crisis if you don't prepare wisely.
Anyway real estate in cash is possible.︆ You just need to speak to small scale developer and work out an arrangement.
P.S I said it before here but during a major financial crisis physical cash will be︇ exchanged at a premium to "bank credit" 😉.
