Hold money in Singapore Dollars in a Singaporean Bank

If you have all your money in the bank eventually you may lose up to 40, 50 percent or even 60 depending on the quality of the Bank. If you hold your money in a Singapore bank in Singapore dollars, I think Singapore dollar deposit may be safe. But if you hold US dollar in a Singapore Bank they place it in a Intermarket rate and that deposit may not be safe.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.