- Swiss banks and consulting firms are seeing an influx in rich American investors as President Trump’s tariffs rock the markets and U.S. dollar. The 1% are opening offshore investment accounts and shelling out on gold bars—but it’s not the only way U.S. citizens are protecting their wealth from the stock market bloodbath.
Economists from J.P. Morgan to Apollo are waving the red flag: a U.S. recession is likely. So Americans are handing over their money to a more level-headed authority, Switzerland, opening investment accounts and buying gold in droves.
