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Billionaires move gold into underground bunkers in Swiss Alps

Thursday, October 13, 2016 23:23
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Seeking to avoid increased tax authorities’ scrutiny and apparently doubting the security of banks, it seems that some billionaires opt to store their assets in gold bullion in underground bunkers hidden deep in the Swiss Alps. The Foreign Account Tax Compliance Act (FATCA), a US federal law, has come into effect, demanding that foreign banks provide …

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