Currency controls are now in place and there is a ban on traveling with more than $10,000 in cash. Egyptian officials are becoming worried as savings account withdrawals increase in the face of a depreciating pound and public rumors of central bank confiscation of deposits.
http://www.forbes.com/sites/jonmatonis/2012/12/27/egypt-imposes-new-cash-controls-at-border/
Tell them to Switch their savings into Gold and or Silver
and they wont need to worry about currency depreciation.
Simples.
When travelling in/out the EU you also have to declare when carrying 10K in cash or more. (why?)
What does the capital control in Egypt fix?
10K in USD is quite a bit for an average Egyptian, I’d guess.
Gold and silver can and have crashed hard before.
It’s a gamble as much as anything. I’m old enough to remember when gold fell hard roughly 20 years ago.
Then you have to play the waiting game for years for it to rise again.
Don’t put all your eggs in one basket.