Most of us don't know where their money is. However, one thing is for certain, it's is not in the bank to which we entrusted it. The bank and our money is already a part of the cycle of the global money market.
Dr. Mark Mobius:
The best time to buy is when there is blood on the streets.
When John Christensen states "that currently 11.5 trillion Dollars of private wealth is held offshore", in the German subtitles this is translated as "11.5 Trillionen Dollar". This is way off: the (English) trillion is a million million, whereas a (German) Trillion is a billion billion.
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