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<p>[QUOTE=&quot;scottishmoney, post: 698934, member: 12789&quot;]Your answer is more likely to be found in countries where hyperinflation wipes out the currency with frequency - say Brazil, they go through currencies faster than some people change their underwear.&nbsp; People in places like Brazil tend to put any excess money into anything of value, be it real estate, automobiles, gold, even electronics.&nbsp; That is to say - wise people really don&#039;t keep money in banks.</p><p><br /></p><p>I have seen this in Ukraine, where you have people not really trusting of banks, banks are less regulated and more prone to failure than even in the USA - and no insurance.&nbsp; The hryvnia currency has lost literally 50% of it&#039;s value in the last 18 months.&nbsp; Keeping your funds in dollars is even preferable to keeping it in hryven.&nbsp; I never bothered to have more than 500 hryven because it kept losing value so much.</p><p><br /></p><p>Actually I would steer clear of putting money in any foreign funds, especially Chinese RMB - that is a currency which has been artificially undervalued for a long time - giving the impression it should rise in value - which frankly the US Treasury would love - but the Chinese government could pull the plug on the RMB and let it slide down to make their exports cheaper and more attractive than domestic products in the USA.[/QUOTE]</p><p><br /></p>

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