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Whether you’re simply diversifying assets across multiple countries, want to protect your money from being pursued by potential legal action in your home country, or want a backup plan elsewhere in case of an unforeseen situation arising, creating some untouchable stores of wealth in multiple locations around the world is likely a good idea.

Here are some of the hypothetical scenarios that you could safeguard yourself from by setting up safe money stores at home or around the world.

• Your home country experiences economic collapse, resulting in the value of that country’s money becoming worthless to global markets.
• A banking crisis results in banks in your home country going bankrupt, which makes your savings disappear overnight.
• Economic turmoil causes your nation to stop residents from sending any money outside its borders.
• Your country goes to war, and your government seizes citizen’s assets to help pay for the war effort.
• Your country’s debt spirals out of control, and the government seizes assets to help cover these debts.
• A dictator takes power in your country and takes control of all private assets.
• Someone takes legal action against you, and attempts to seize your assets.
• Your government freezes your bank accounts for saying something they don’t like, or supporting a cause they disagree with.
• Your government implements a social credit system that penalises you from using your own money based on your actions in society.

Although I did say the above were all hypothetical scenarios, in reality, they aren’t: all of these situations and more have played out in at least one country around the world at some point over the last 50 years.

For example, Cyprus seized the assets of its people during a financial crisis in 2012-2013.

After the 2008 global financial crisis, both Iceland and Greece went bankrupt, resulting in the loss of substantial private savings of citizens.

China already has an all-encompassing social credit system, which can result in citizens being blocked from accessing their own money, or from using it to buy train tickets, plane tickets, or luxury goods, among other things.

Finally, in 2022, the Canadian government froze the bank accounts of hundreds of people who donated to the widespread “Trucker Protest” movement that was demonstrating against restrictive government lockdowns.

You might think these scenarios couldn’t happen to you—but they can, and do, happen to millions of people around the world each year.