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Author Topic: Which country do you think has the strongest property protection rights?  (Read 1546 times)
BruceFenton
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February 21, 2014, 12:14:32 PM
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Which country do you think has the lowest chance of someone having their bank accounts seized like happened in Cyprus?
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gannicus
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February 21, 2014, 01:00:20 PM
 #2

Switzerland
Australia
New Zeland
Canada
Ireland

in that order
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February 21, 2014, 02:51:04 PM
 #3

Liechtenstein-Luxembourg-Swiss
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February 21, 2014, 03:36:44 PM
 #4

The problem with the Swiss are that they caved into the US on banking secrecy, taxes etc.  If they had stood firm, I'd be much more likely to put them at the top of the list, but they were craven and caved.

I'd put 'bitcoin' at the top of the list even though it is not a country.
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February 21, 2014, 03:42:27 PM
 #5

The more certain the legal protection of property, the higher a country’s score; similarly, the greater the chances of government expropriation of property, the lower a country’s score. Countries that fall between two categories may receive an intermediate score.
Untill now none has that protection we can believe.

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BTCWizard
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February 21, 2014, 03:59:28 PM
 #6

As an EU resident I can say, none of the EU members, we're just waiting on who's turn it is next. Tongue

Safest country, I think is Switzerland.
But if you want to be really safe, Bitcoin/Litecoin or gold/silver stored at your home, no matter which country you live in. How less control a government has over it, how safer you are. Wink
hostmaster
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February 21, 2014, 03:59:54 PM
 #7

USA
V4Vendettas
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February 21, 2014, 04:35:20 PM
 #8

I would have agreed with New Zealand until i saw this http://www.youtube.com/watch?v=6hlFcnkGY-o

joethejudge77
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February 21, 2014, 05:35:02 PM
 #9

Probably Swiss had the strongest property protection rights as long as client don't make a deal with scams. Btw Swiss has different laws from US laws about banking.

Don't let me be misunderstood.
brokenchair
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February 21, 2014, 06:53:07 PM
 #10

USA

I don't know other countries laws, but yeah the US will seize anything if they think it is related to money laundering.  They will find a way, and it is extremely easy to accuse bitcoin of being linked to money laundering and tax evasion so...
Who has Dread Pirate Robert's coins?Huh Grin 
Bad example, but a true example nonetheless.

 
ActM Thread
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February 22, 2014, 12:12:52 AM
 #11

Which country do you think has the lowest chance of someone having their bank accounts seized like happened in Cyprus?

Protection isn't the issue (laws can be changed) as much as the possible future need for a Sovereign bank to confiscate funds to keep the nation afloat. So a country with a strong economy and with a stable banking sector is the safest place rather than a country which today has strong savers protection laws which could be re-written tomorrow.
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February 22, 2014, 12:21:35 AM
 #12

http://www.internationalpropertyrightsindex.org
Top Ten 2013
These are the countries where property rights are most secure. See a complete list.
Rank   Country   Rating
1   Finland   8.6
2   New Zealand   8.4
3   Sweden   8.4
4   Norway   8.3
5   Netherlands   8.2
6   Switzerland   8.2
7   Luxemburg   8.1
8   Singapore   8.1
9   Canada   8.0
10   Denmark   8.0
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February 22, 2014, 01:40:03 AM
 #13

Any EU country is NOT safe!
BruceFenton
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February 22, 2014, 02:44:53 AM
 #14

The problem with the Swiss are that they caved into the US on banking secrecy, taxes etc.  If they had stood firm, I'd be much more likely to put them at the top of the list, but they were craven and caved.

I'd put 'bitcoin' at the top of the list even though it is not a country.

Swiss cheese
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February 22, 2014, 06:02:57 AM
 #15

USA

As long as one didn't belong to the original owners of the land for thousands of years.

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February 22, 2014, 10:56:43 AM
 #16

Which country do you think has the lowest chance of someone having their bank accounts seized like happened in Cyprus?

Well, countries with an offshore banking industry have the most to lose (in terms of reputation), so I'd start offshore. But even then there'll be variation - Switzerland has been pressurised by both the US and the EU, Singapore has been seen as safe but is now thought to be under EU pressure, etc (and I don't follow this as closely as I should, so don't pay too much attention to the countries I mention - they're pointers, not recommendations). Best advice I could give would be to (a) look at offshore options, (b) have multiple accounts in different jurisdictions (to spread risk), and (c) review your decisions periodically.

Remember, too, that it'll depend on where you are resident - a bank in Luxembourg might be a good choice for a US resident, but less so for a EU national, and likewise (but reversed) for a Caribbean bank.

And one (hopefully obvious!) option is to keep some of your wealth in Bitcoin, in several offline wallets backed up in multiple locations. It requires some work, but is arguably easier than opening and managing an offshore account.

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TrailingComet
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February 22, 2014, 06:57:05 PM
 #17

Germany, holland, some of the Scandinavian nations

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February 23, 2014, 01:26:04 PM
 #18

No mention of the Cayman Islands?... Jersey?.. Belize?
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February 24, 2014, 12:57:16 AM
 #19

Germany, holland, some of the Scandinavian nations
They all are in the EU, too risky IMHO.
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February 24, 2014, 01:24:12 AM
 #20

I'd say swiss. They caved to the US, but at least it was somewhat justified. I'd prefer it if they didn't, though.

Actually, normally I'd say cayman islands or panama or something, but it seems faaar too likely that one day the US or EU is going to come up to them with a military vessel and they're going to have absolutely no choice but to cave. Switzerland has specialized at staying out of military conflicts for hundreds of years, so I give it a bit more credit in being able to negotiate its way out of such a situation.

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