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Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?

 
<Pontifus Maximus>
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01/07/2011 05:10 PM
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Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
I would like to get all my savings changed to Euros next year and NOT to keep them in "worth less" Dollars. (and I have my reasons to believe gold prices are a bubble ) :P


Is it possible to have your savings in an American bank, inside the USA to be in Euros? ... or do I need an offshore account in Europe to do it?




Anybody?

Last Edited by <Pontifus Maximus> on 01/07/2011 10:19 PM
Anonymous Coward
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01/07/2011 05:33 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
you can get certificates of deposit in euros (and many other currencies) from everbank. fdic-insured, too

[link to www.everbank.com (secure)]
<Pontifus Maximus>  (OP)

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01/07/2011 05:41 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
you can get certificates of deposit in euros (and many other currencies) from everbank. fdic-insured, too

[link to www.everbank.com (secure)]
 Quoting: Anonymous Coward 568763

Thanks .. i will check it out
<Pontifus Maximus>  (OP)

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01/07/2011 08:01 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
bump
Psych

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01/07/2011 08:04 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Indirectly, i have a Euro-account at JP Morgan.
<Pontifus Maximus>  (OP)

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01/07/2011 08:07 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Indirectly, i have a Euro-account at JP Morgan.
 Quoting: Psych

hmmmmm ...

Last Edited by <Pontifus Maximus> on 01/07/2011 08:54 PM
<Pontifus Maximus>  (OP)

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01/07/2011 08:54 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
bump
 Quoting: <Pontifus Maximus>
Psych

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01/07/2011 09:18 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Indirectly, i have a Euro-account at JP Morgan.

---

hmmmmm ...
 Quoting: <Pontifus Maximus>


My broker's account is with JP Morgan in the U.S. They create individual accounts for their clients. They manage my account.

It's Euro-based.
<Pontifus Maximus>  (OP)

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01/07/2011 09:21 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
HSBC
[link to www.offshore.hsbc.com]

spock
<Pontifus Maximus>  (OP)

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01/07/2011 09:24 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Indirectly, i have a Euro-account at JP Morgan.

---

hmmmmm ...


My broker's account is with JP Morgan in the U.S. They create individual accounts for their clients. They manage my account.

It's Euro-based.
 Quoting: Psych

interesting
Anonymous Coward
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01/07/2011 09:29 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver
<Pontifus Maximus>  (OP)

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01/07/2011 09:33 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver
 Quoting: Anonymous Coward 1213268


you dont know a lot of things my friend ....
beer2
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01/08/2011 02:28 AM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver


you dont know a lot of things my friend ....
beer2
 Quoting: <Pontifus Maximus>


what do you know?

Unavoidably, GM will withdrawal from EURO.
<Pontifus Maximus>  (OP)

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01/08/2011 03:32 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver


you dont know a lot of things my friend ....
beer2


what do you know?

Unavoidably, GM will withdrawal from EURO.
 Quoting: Anonymous Coward 1176042


Euro will be held up and supported no matter what, until its time for the dollar to go ... then you will see what im talking about :P
Anonymous Coward
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01/08/2011 03:41 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver


you dont know a lot of things my friend ....
beer2
 Quoting: <Pontifus Maximus>



Could you please elaborate on what you know that makes the euro such an attractive currency?
<Pontifus Maximus>  (OP)

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01/08/2011 03:45 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
Why do that. Euro and dollar are both going down. Buy silver


you dont know a lot of things my friend ....
beer2



Could you please elaborate on what you know that makes the euro such an attractive currency?
 Quoting: Anonymous Coward 1222309

cant really talk about it ... trust me ... its better then gold ... you will see in few years

better get it now when its still cheap :P

Last Edited by <Pontifus Maximus> on 01/08/2011 03:47 PM
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01/08/2011 03:51 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The ECB is actually buying bonds from bankrupt countries. That´s not very good: it´s like printing money.

From what I can see, your play would pay IF the PIIGS leave the euro. In that case, the euro would likely appreciate in a significant way. Provided they also find a way to save the banking system.

Eventually, this seems likely because the PIIGS economies are being strangled already. When that would happen would also have an impact. Politicians are extremely reluctant to take that step for now.

But another possibility is that they continue to talk of the strong euro, while they continue to fund the bankrupts for a long while still.

Some investments should do well even if the weak countries get out of the euro. Sitting on euro cash could end up like sitting on trash...

Anyway, one option for you would be to open an account abroad. I´m not sure if there are restrictions for US citizens. If your idea is what I have written, opening an account in Germany might be better because it´s the largest and more influential country. You can check banks and brokers.

Another option is to open an account in one of the main banking centers. You could look at Hong Kong or Singapore, for example. But read the contract (they are in English) and look for customer experiences on the internet before opening!
<Pontifus Maximus>  (OP)

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01/08/2011 04:08 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The ECB is actually buying bonds from bankrupt countries. That´s not very good: it´s like printing money.

From what I can see, your play would pay IF the PIIGS leave the euro. In that case, the euro would likely appreciate in a significant way. Provided they also find a way to save the banking system.

Eventually, this seems likely because the PIIGS economies are being strangled already. When that would happen would also have an impact. Politicians are extremely reluctant to take that step for now.

But another possibility is that they continue to talk of the strong euro, while they continue to fund the bankrupts for a long while still.

Some investments should do well even if the weak countries get out of the euro. Sitting on euro cash could end up like sitting on trash...

Anyway, one option for you would be to open an account abroad. I´m not sure if there are restrictions for US citizens. If your idea is what I have written, opening an account in Germany might be better because it´s the largest and more influential country. You can check banks and brokers.

Another option is to open an account in one of the main banking centers. You could look at Hong Kong or Singapore, for example. But read the contract (they are in English) and look for customer experiences on the internet before opening!
 Quoting: Anonymous Coward 1222309


I heard German banks dont have contracts in English ... will have to look into it more ...

and about the bankrupt EU countries ... they will figure something out with this situation Im sure ... dont believe any bs about the "euro will be trash" stuff ... never gonna happen!

(and theres something about this currency that has not been revealed public :)


Last Edited by <Pontifus Maximus> on 01/08/2011 04:14 PM
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01/08/2011 04:12 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
yes, there is an institution that would suit your needs, but because you dissed gold and used the especially in appropriate "bubble" term, i will let you enjoy your ignorance and not tell you how to go about what your are seeking to do. lol.
<Pontifus Maximus>  (OP)

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01/08/2011 04:18 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
yes, there is an institution that would suit your needs, but because you dissed gold and used the especially in appropriate "bubble" term, i will let you enjoy your ignorance and not tell you how to go about what your are seeking to do. lol.
 Quoting: CoinGuy

lol, ok?


lets say im not sure about gold and its future ... so i rather invest in something i am 100% positive about like the Euro :P

Last Edited by <Pontifus Maximus> on 01/08/2011 04:51 PM
<Pontifus Maximus>  (OP)

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01/08/2011 06:11 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
banana2 bump banana2
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01/08/2011 06:21 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
I heard German banks dont have contracts in English ... will have to look into it more ...

and about the bankrupt EU countries ... they will figure something out with this situation Im sure ... dont believe any bs about the "euro will be trash" stuff ... never gonna happen!

(and theres something about this currency that has not been revealed public :)

 Quoting: <Pontifus Maximus>



With banks in Germany I would not worry about the contract much because everything is very regulated. But I would worry about two other things:

- What happens if the bank fails?
- What are the commissions?

Some banks offer better protection than others, in case of failure. This is an issue because many banks loaded up on EU government bonds, which are now becoming risky. One of the purposes of the rescue for the weak countries was to save weak German banks.

A German broker might be a better alternative, both in terms of safety and commissions.

The contracts and client rights, in my view, are a major issue with some of the main international banks. Research on customers´ experiences also raised alarm bells.

I totally agree with you that doing something one understands clearly is the way to go.

As for the weak countries, I think the main issue is Italy because it has the biggest public debt. Italy, in my view, is like the Titanic--with the iceberg already in clear sight. I don´t think the country can reform and actually create the wealth to sustain itself--let alone pay off its debt.

From this, I think it is possible that what you expect will happen, namely that the euro will strengthen. It could happen if the weak leave.

If, on the other hand, Germany leaves the euro... the opposite will happen. That´s why I was telling you it might be safer to hold the euros in Germany. In case of a German exit, you´d be safe too.

A German exit would have many benefits for Germany (Germany could leave its own euro-denominated debt in euros... which would mean that it´s own public debt would rapidly depreciate) and I think benefits would outstrip disadvantages. But it would create international tensions. China and Russia would see their euro holdings depreciate.

There are many other hypotheses, but useless to mention them, since you already have the inside info ;)

I´m curious...
:)
<Pontifus Maximus>  (OP)

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01/16/2011 02:26 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
With banks in Germany I would not worry about the contract much because everything is very regulated. But I would worry about two other things:

- What happens if the bank fails?
- What are the commissions?

Some banks offer better protection than others, in case of failure. This is an issue because many banks loaded up on EU government bonds, which are now becoming risky. One of the purposes of the rescue for the weak countries was to save weak German banks.

A German broker might be a better alternative, both in terms of safety and commissions.

The contracts and client rights, in my view, are a major issue with some of the main international banks. Research on customers´ experiences also raised alarm bells.

I totally agree with you that doing something one understands clearly is the way to go.

As for the weak countries, I think the main issue is Italy because it has the biggest public debt. Italy, in my view, is like the Titanic--with the iceberg already in clear sight. I don´t think the country can reform and actually create the wealth to sustain itself--let alone pay off its debt.

From this, I think it is possible that what you expect will happen, namely that the euro will strengthen. It could happen if the weak leave.

If, on the other hand, Germany leaves the euro... the opposite will happen. That´s why I was telling you it might be safer to hold the euros in Germany. In case of a German exit, you´d be safe too.

A German exit would have many benefits for Germany (Germany could leave its own euro-denominated debt in euros... which would mean that it´s own public debt would rapidly depreciate) and I think benefits would outstrip disadvantages. But it would create international tensions. China and Russia would see their euro holdings depreciate.

There are many other hypotheses, but useless to mention them, since you already have the inside info ;)

I´m curious...
:)
 Quoting: Anonymous Coward 1222309


HA! ... told you they had a plan all along :D


"The solution to Europe’s economic crisis is further integration, they said. What Europe needs is a common debt union—an EU treasury market. "

[link to thetrumpet.com]

Last Edited by <Pontifus Maximus> on 01/16/2011 02:42 PM
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01/16/2011 02:44 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The Euro is in as much trouble as the dollar. Your a fool to hold them.
<Pontifus Maximus>  (OP)

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01/16/2011 02:52 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The Euro is in as much trouble as the dollar. Your a fool to hold them.
 Quoting: Anonymous Coward 1230033

wanna bet? beer2

the dollar is indeed crap and other currencies are not much better off either ... but the future plans for Euro are overwhelming (in a good way :)
cya
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01/16/2011 03:01 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The Euro is in as much trouble as the dollar. Your a fool to hold them.

wanna bet? beer2

the dollar is indeed crap and other currencies are not much better off either ... but the future plans for Euro are overwhelming (in a good way :)
 Quoting: <Pontifus Maximus>

Germany has more gold reserves than the usa.

The usa will not take an inventory of its gold reserves, therefor there is no reserve. They spent it on something, or it was never real to begin with..
<Pontifus Maximus>  (OP)

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01/16/2011 03:07 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
The Euro is in as much trouble as the dollar. Your a fool to hold them.

wanna bet? beer2

the dollar is indeed crap and other currencies are not much better off either ... but the future plans for Euro are overwhelming (in a good way :)

Germany has more gold reserves than the usa.

The usa will not take an inventory of its gold reserves, therefor there is no reserve. They spent it on something, or it was never real to begin with..
 Quoting: cya 1232414


from what i posted before ... you can see where it went and for what purpose ;P
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01/16/2011 03:14 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
If you don't even know where to open a euro account how you know so much about euro future !!

hiding
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
OP is a fuckin buffoon.
<Pontifus Maximus>  (OP)

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01/16/2011 03:21 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
If you don't even know where to open a euro account how you know so much about euro future !!

hiding
 Quoting: Anonymous Coward 905800

another do theres a problem getting Euros if you dont live in the EU ...

Last Edited by <Pontifus Maximus> on 01/16/2011 03:23 PM
<Pontifus Maximus>  (OP)

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01/16/2011 03:25 PM
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Re: Question === Are there any BANKS in the USA that have Savings Accounts in EUROS ?
OP is a fuckin buffoon.
 Quoting: Anonymous Coward 990655


LoL ... bird u 2





GLP