A bank failure is imminent. Need advice on how to manage my funds

[WeThePe0ple]

Financial situation:

I’m in my late 30s. Debt free. Living for free in one of my parents 3 properties. 2 years from now I will inherit 50% of a house. The other 50% is for my sister and I am saving money to pay her part, so the house is fully mine.

70k euros in the bank, saved as deposits.
20k invested in crypto last year, now worth 45k euros. This is 0.25 bitcoin, 3500 XRP bought at 50 cents (currently 4x) 30 000 HBAR bought at 6 cents (currently 5x), and about 3000 euros in smaller positions.

Last week European banks have recommended citizens to save cash at home because of geopolitical risks. When banks say this, it is extremely serious. I am a strong believer in The Great Reset and I know for a fact that the monetary system is very close to a complete collapse due to the debt spiral. They are just looking for a scapegoat and 99% of people will believe it. CBDCs and monetary slavery are very close.

I do not want to have more than 30k in the bank, and even this is too much.

But how can I safely invest 40k? I thought about precious metals but only if I can keep them at home. So not saved in a deposit box in Switzerland. Because when banks fail, that will also be taken. The problem is that the government demands a 21% tax if you do not store it in their vault. So 21% is immediately wasted and can not be recovered when you sell. They  want to make self storage unattractive, and make you store it in their vault so they can steal it from you in a crash.

I can withdraw 40k in cash and store it at home. But when I have to put that back in the bank, there is a chance that they will not accept it. It is not legal to store more than 2000 dollars at home in my country.

I can buy more crypto but this would immediately alert the IRS. And most banks here refuse accept crypto profits back as deposits. I would be at risk of getting unbanked.

What is the best bet? One of the things I consider is opening more bank accounts than the 2 banks I’m currently with.

During this inevitable Great Reset I wish to remain debt free.

[Cryptohygenic]

What is the best bet? One of the things I consider is opening more bank accounts than the 2 banks I’m currently with.
 

In that that your country there, of the government restricts citizens from storing more than 20,000 in the banks, how could they then allow multiple accounts per users because of it is for security reasons, then I would stay that strategic formation is indisciplined to keep it citizens funds safe.
I am skeptical to believe this you are saying because the government has even been better of restricting it citizens not to hold up to a particular hugh amount of money rather would redirect you all to get it stored in the banks to avoid threatening attractions of robbery attacks in the houses since monies will be stored at home.
But while glanced through trying to believe this information, if you want to invest in the crypto and you are being concious of not getting caught, you can find means to purchase your bitcoin or so ever your desired crypto currencies  through a direct exchange of fiats and the coin on p2p and then you can hold on your a d centralized wallet where the governments will have no power of regulation nor getting you caught of your holding since the decentralized Wallets as re huh highily self custodial.

[Hydrogen]

I can withdraw 40k in cash and store it at home. But when I have to put that back in the bank, there is a chance that they will not accept it. It is not legal to store more than 2000 dollars at home in my country.

I can buy more crypto but this would immediately alert the IRS. And most banks here refuse accept crypto profits back as deposits. I would be at risk of getting unbanked.

What is the best bet? One of the things I consider is opening more bank accounts than the 2 banks I’m currently with.

During this inevitable Great Reset I wish to remain debt free.

It depends on your area and the opportunities and options that are available.

Can 40k be used as a down payment to buy an apartment to rent out and produce passive income? Could it be better used to buy and develop land?

Which assets are essential and deflationary in your region? Which might make for good long term store of value?

If storing value in precious metals is unattractive. There are unconventional alternatives like buying and storing scrap metals in bulk. But does your area have attractive offers for warehouse space and scrap metal exchange?

If your area has good infrastructure support for collectibles. Converting $ to magic the gathering or pokemon cards could be yet another extreme option.

Looking at trends of your local economy. There must be things that stand out to determine which assets and commodities will be valued, in high demand 5 to 10 years in the future.

[Reynaldo]

 Spreading across multiple institutions might work, but many countries have deposit insurance limits per person, not per account. Worth checking your specific laws.Diversification is your best friend right now. No need to go full doomsday prepper, but having your assets spread across different baskets makes sense. The real estate plan is actually pretty solid long term. Real assets with utility tend to survive monetary shifts.

[Vod]

Financial situation:

I’m in my late 30s. Debt free. Living for free in one of my parents 3 properties. 2 years from now I will inherit 50% of a house. The other 50% is for my sister and I am saving money to pay her part, so the house is fully mine.

70k euros in the bank, saved as deposits.
20k invested in crypto last year, now worth 45k euros. This is 0.25 bitcoin, 3500 XRP bought at 50 cents (currently 4x) 30 000 HBAR bought at 6 cents (currently 5x), and about 3000 euros in smaller positions.

Doesn't sound to me that you have funds to manage.  :/  
I assume you have no assets other than a personal vehicle?  Right now you have nothing.  In two years, you may have 50% of nothing - your sister can be manipulated outside of your control, and I have seen many families torn apart in times like this.  

Do not go making any other investment until you secure the most important investment - your residence.  Sounds like your sister is willing to sell to you, but obviously she wants to wait to see how much the house will be worth - if you have set a price that's even better!   You should contact a lawyer and create a sale contract while she still wants to sell.   You don't need to set a sales price, it can be calculated later at market value.   Then you pay your sister all your excess money that you can afford as a down payment and get the house 100% in your name.  Your living arrangements don't need to change.

The point I am making is in two years when the shit could have hit the fan - you have the deed instead of a lawyer or trustee.  And your sister, who didn't want the house, will have invested in something she does want.  Plus, your savings can be spread between the two of you.

Good luck!

[NotATether]

You could start a sole proprietorship for tech or something like that, and then transfer only some of the money to Paypal or Revolut or another one over regular periods of time, like say 1000 EUR.

If the bank asks you why, tell them it's for your business.

The thing is, actually invest some of the money in the business e.g. a website or an app, so that it is legitimate.

Then go to any P2P marketplace and exchange like 90% of it for BTC.

Leave a small but significant balance remaining so the payment platform does not get suspicious either.

It will take some time but you can remove 10k+ EUR like that.

[Oshio-man]

There are many ways you can manage your funds which is very important to every human beings, Create your budget will allow you to manage your funds for you not to be among those people history will show that they were wealthy before but they are poor now, Track your spending to minimize your spending and it will create long wealth for you to enjoy, Build an emergency funds to reduce depression in your funds management.

[WillyAp]

Only internationally connected banks are in danger and if that.
Stock prices are supposed to go up and down, Traders need movement to make money.
 

[tinus42]

Are you an American expat living in Europe? Maybe the Netherlands? As we have 21% VAT and I remember if you bought silver you had to pay the VAT unless you kept it at a vault technically outside the country, the international zone of an airport such as Schiphol (investment gold is VAT-free). Because you mention the IRS and unless you're a US person that doesn't apply to someone in the Eurozone. It's getting harder to get crypto over here, the new EU Travel Rule will enter force here, they want you to register every address on self custody wallets with a ID/passport scan and face scan. We will be forced into the Digital Euro and Ursula Von der Leyen said she is going to use people's savings to finance ReArm Europe because Europe needs to be armed if we want to fight World War 3 against the Russians. I don't have as much savings as you (only a few hundred euros) but I wouldn't leave them at the bank. Maybe you can put them in privacy coins such as Monero and come up with a plausible deniability scenario where you lost them during a boat trip or something.

[WillyAp]

Are you an American expat living in Europe? Maybe the Netherlands?

Nope I don't, I left Europe around 1992. I am aware that the EU/USA may also other so-called 1st world countries going through some changes.
All countries have issues. Open a business and pass most of your stuff through it.
Where you have problems there are also solutions.  

Complaining does not help.

[Reynaldo]

The Great Reset fears are valid, but remember even in Venezuela and Lebanon, people with diversified assets survived. Spread your risk across multiple baskets some crypto, some gold, some traditional assets.