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JUL 24, 2014 - Zero Hedge

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Europe – Here is What the Wealthy are Doing

By: Chris Tell at: http://capitalistexploits.at/ There are essentially three main reasons for using Banks: Storing cash for ease of transacting; Keeping cash safe from theft; Earning interest on your capital. As a teenager I remember opening my first bank account, diligently saving my money and watching it slowly grow. Receiving "official" mail was cool. I felt important by simply receiving my monthly bank statements with my name on the envelope. I was confident that by banking my cash I was protecting my capital. After all, it seemed a better idea than sticking it in my sock ... Read More

Tags: Europe – Here is What the Wealthy are Doing,  Commerzbank Latest News