With all the recent stories about HMRC stealing money directly from accounts and an imminent Cypriot style haircut (well, may be a scaremongering anyway), I was wondering whether mortal souls (i.e. not millionaires or richer) can have any protection at all if they keep some money (in order of thousands of pounds rather than hundreds of thousands pounds for example) in Swiss bank - whether it is a good thing or not.
AFAIK, Swiss Franc is still backed by gold and they still honor secrecy of account holders (unless someone is doing something seriously wrong like drug trafficking or terrorism etc.)
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