What Beats a Mattress?

By -

I've got a question for the group.

If one has a six-figure sum of cash they'd rather not be keeping at, oh, let's just say Bank of America, where's a good place to put it?

I was thinking of opening up the proverbial Swiss Bank Account (although I'm afraid that, given what's going on, that's sort of like painting a big red X on your back). And I was thinking of putting a smallish amount into the goldmoney.com site.

The goals are:

  • Safety
  • Liquidity
  • Accessibility

What are your thoughts? I went to my bank just to see about buying Euros, but the bid/ask spread is simply obscene. I'd love to hear efficient ways to put cash into low-risk, safe places.