Earlier quoted context omitted.
> Hows that better than a bank account? GP said it, negative interest rate, i.e. the bank charging you to hold on to your money when you have more than a certain amount (was it 100k or 25k CHF). So if you put in 100k in the bank and wait a year, you'll be able to withdraw maybe 99.8k CHF. If you hoard 100x 1000 CHF notes, you'll still have 100k CHF. Sure in 1 year those 100k CHF will probably buy less Big Macs then t…
Its meaningless, if someone puts over 100k on a bank account where inflation eats it away they probably dont care about interest rates and its just a fraction of someone holdings that is deposited at super low risk/high availability. This only makes sense if you have way more and the rest is actually invested and grows. Storing you whole savings like that is rather stupid regardless of if you reach the limit and pay…
Cash at a bank is the best you can do in terms of risk free asset (for people in CH it's the equivalent of a bond allocation in a portfolio, just with higher return).