It is again Capital escape from the United Statestowards the best known financial “paradises” or even towards more profitable and safe investments, such as They which has recently reached new historical tops. A symptom of theuncertainty which has been hovered in the air for some time and who advises against the most risky investments in favor of safer uses and destinations.
The Swiss favorite destination of the rich US
According to an article by the Financial Times, the rich Americans would be moving millions and millions of dollars towards Switzerlanda “paradise” that maintains its appeal despite the demolition of the wall of banking secret. The last time it happened a mass escape of this kind was during the financial crisis. Then, it happened with the raid of Russia in Ukraine. Now, weighs the Trump effect and duties.
An asset manager involved with cross -border customers – writes the financial newspaper – is currently helping a rich American family to transfer between 5 million dollars (4.4 million Swiss francs) and 10 million dollars in Switzerland.
The Swiss private bank Pictet based in Geneva, he confirmed that he had seen a “significant increase” of the demand by new and old US customers at his Swiss company Pichtet North America Advisors, recorded at the Securities Exchange Commission.
Only Trump effect?
According to some experts, the “escape of capital” from the USA would instead be explained with a repositioning of wallets On Asset he does not use, since in the last year the predominant weight of American assets had caused a imbalance. The weight of stars and stripes activities eespecially in the last year, of the Big Tech, who have repeatedly updated the historic tops, have gone to the detriment of other assets (the weight of the US actions In the Index MSCI reached 54% against 17% of the rest of the world). And now the managers would be trying to re -able the situation.
An escape that weighs on Wall Street and on the dollar
The escape of capital abroad, of course, is having evident implications on the market and translates into a collapse of the dollar and the American market. The recent collapse of Wall Street is evident, it must be explained with a greater aversion to the risk of investors, caused by the war of the duties started by President Donald Trump. It is estimated that the fear of a commercial war, last week, did escape from Wall Street at least 34 billion dollars, the highest figure as 1999.
And so also the Dollar depreciationwho has lost land against the main currencies and against the euro, climbed in the last period to 1.079 USD despite the most accommodating policy of the ECB compared to the Fed.
Where the capitals go
Apart from the escape to Switzerland, one of the favorite jobs of the capitals fleeing the USA would be gold, well refuge par excellencewhose purchases have increased considerably in the last two or three years. The metal has thus reached new historical records Over $ 3,000 the ounce And the rally didn’t even end there.
Another promising destination, in this historical phase, would be Europe, in particular the defense and infrastructure sectorclimbed many in recent weeks, both in response to the Rearmeu Plan of the Union of Europe, and on the plan of increasing the expenditure announced by Germany.
