Quote:
Originally Posted by Peter_Spaeth
Just a guess that people dropping 100K type world record money on a card aren't THAT concerned about sales tax. And storing cards close to home with a heavily regulated bank just isn't the same as storing them remotely with a private company with a world of legal problems. You couldn't pay me to put my cards in Brent's custody.
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Don't disagree with anything you're saying Peter, but very often I would think that someone who has that kind of money to spend on a card was able to accumulate it from taking advantage of smart, frugal measures at some point in their life. Like using a vault to save on sales taxes. And once someone has developed such thinking and habits, especially in regards to money and finances, I would think they tend to stay with them.
Having said that, a vault is not my optimal idea of collecting either. And can definitely understand people's hesitancy to maybe use one vault provider option over another, for various reasons. LOL