€1.4bn was withdrawn from Greek banks in just two days last week.
Earlier this month in Spain, more than €1bn was withdrawn from Bankia, the recently nationalised bank, in less than a week.
Nervousness among investors is at an all-time high, but the exodus of money is not a new phenomenon, or limited to the more unstable members of the eurozone.
In 2011, €90bn was taken out of French banks, while €120bn was removed from two Belgian banks alone.
Where is the money going?
Much of the money is heading to the steadier waters of British banks, which have the added bonus of being outside the eurozone.
The pound is strong, in fact it has gained by 15% against the euro since July 2011.
Yet banking in Britain will only get you so far. With recent calls from the International Monetary Fund to cut interest rates to 0%, you're not going to make your fortune any time soon.
In contrast, the collectibles sector has historically been a financial safe haven, and a great place to be investing your money right now.
· Beatles autographs up 14.33% pa since 2000
· Muhammad Ali memorabilia up 8.25% pa between 1997 and 2011
· Lord Nelson collectibles up 16.33% in the last decade
And the tangible nature of such investments ensures they can be sold in the country of your choosing - ensuring that you get the very best deal for your money.
And it's not just good news for sellers.
Buyers too can beat the system, if they know where to look.
PFC Auctions
PFC Auctions' current online auction of remarkable historical artefacts is based in the tax haven of Guernsey in the Channel Islands. As such, the auction is not subject to any of the government taxes you normally associate with auctions.
This enables you to maximise your potential profits - although I imagine you will be loath to part with these astonishing pieces of history.
You must act swiftly though, as the sale closes on May 24.
Until next week,
Paul
Paul Fraser
