The End of the Safe Deposit Box for Wealth Storage | WHAT REALLY HAPPENED

The End of the Safe Deposit Box for Wealth Storage

On 1 April 2015, Chase bank in the US advised clients who rent safe deposit boxes from them that there would be some changes in their policies. Of particular interest is the following condition:

“Contents of box: You agree not to store any cash or coins other than those found to have a collectible value.”

Interesting. After all, cash and precious metals are traditional primary stores of wealth. Why single them out as no longer being acceptable?

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