Currency. Paper money that has high acceptance internationally, like US Dollars or Euros, both can be easily traded by local currency pretty much anywhere in the world.
this post was submitted on 02 Feb 2025
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Seconding this. The best money is still money.
If you can't get a good stable currency or you have legitimate fears that the currency you can get is in danger of some kind of collapse, gold or silver coins would be your best second bet. In this case you'll want well known coins minted by an actual government such as an American gold eagle or the Canadian silver maple leaf rather than the coin shaped "rounds" that a lot of places sell. The rounds will have the same issue as jewelry, you'll have to haggle over weight and quality every time you sell one. Actual coins issued by a government mint will have pretty well established values so they will be easier to sell at a fair price.
Lol, not US Dollars. Not after November 5th, 2024.
Just go Euro
If youβre planning to leave with enough time, register a business or trust or something, transfer your money to a shell company, repeat as necessary then transfer it to the place youβre trying to go.
Use the tools of the people with money not the tools of people who get patted down for loose change by the tsa.
Has this worked before?
Extremely effective, happens all the time with amounts more than an average person can ever earn.
Itβs one technique used to hide and move money all the time.
A different way is to buy some asset in the destination nation then sell it when you arrive. So like a bond or an etf share or something.
Good usecase for bitcoin, bring your private key
You could also explore some crypto options like monero (XMR). It can be theft resistant if you set it up properly.
Edit: Mind replying to me instead of downvoting? What is the problem with crypto in this scenario?
Lolol, it's the Reddit mindset, they see "Crypto" they insta downvote.
Btw, there's always like 1-3 downvoters from bots, even if you make a totally non-political post like a picture of a cat. That's just how Lemmy is.
If you are fleeing from the US, get a bunch of guns. Gotta make money from illegal weapon sales overseas, just as the founders intended. π
God Bless The 2nd Amendment π
(Also, build a backyard nuke while you're at it, sell it to the Libyans)
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Bitcoin is best. Can theoretically keep your wallet seed in your head instead of paper or on phone. Anything physical is subject to border guards or other transporation/exgress/ingress assisters.
Get tattoo of wallet seed lol.
Write disguised poem including your wallet seed.
Don't make it fire incase someone wants to steal yo rhymes.
Nah you need to create a cipher in your head, then you tattoo the encrypted seed. Easier to remember than the seed itself, and only readable by you.
Maybe have a second tattoo to remind you what the cipher is lol. Then another for that one...
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Brave comment
Brave to remember?
Praising crypto on Lemmy is one of the deadly sins
It seems to work like the stock market. I lost faith when it when up and down 10s of thousands of dollars in a few days that doesn't mean that it isn't worth the risk if you are going to lose everything anyway.
Oh yeah I definitely believe more in Crypto and even Bitcoin than the mythical USD printer. But most Lemmings hate it with a passion because it consumes electricity. Same with AI.
Ah well let's hope no one ever need it then. El salvador just got bought out of using bit coin. Guess someone Is afraid of how useful it is.
They got bribed by the IMF for 1.4 Billion dollars to change back to USD.
That's what I mean by afraid.
Oh yes I misread your comment. Indeed you are correct.
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Transfer your money to an overseas bank in your target nation.
I Heard there are some complications with that. Some people said consult a lawyer before moving finances.
Good advice. Same with real estate. There are all sorts of laws in target nations you'd never expect. For instance, some nations will tax your money hard if you try to leave them.
That's why the question is more focused on the "yeah leave now or guarantee camps and possibly worst" situation vs let Me call my law firm of Pearson Specter Litt LLC.
Tough situations could blow over but better to not start from nothing.
US: The way to effectively do thos is to open a series of accounts, in a tree structure, in countries that aren't CRS compliant. Disperse the money into the structure. This will buy time, mitigating losses in the event of an asset freeze, likely not being caught until FACTA reporting to the IRS. Get the money out ASAP. There's better methods if laws don't matter.
Coins vs jewelry doesn't matter. Weight and purity are all that count when selling.
A few iphones, they tend to have a high demand and prices are stable for a few years.
This is not advice
What do you mean by "this is not advice"? You just gave an answer to their request for advice. Your comment is advice.
It only angers your intelligence officials if it is advice. "Not advice" means begging to stay friends. I advise staying friends, overtly, with NSA, to make sure that first they come for others.
Nu uh
Lol imagine selling them on the streets of Panama.
Gold is still the preferred way of storing wealth in many parts of the world. You can just take gold bars with you which should have value anywhere.
There are actually limits to what you can bring into/out of a country.
Physically get them out might prove to be a challenge as the customs would definitely question your bags of gold.
GOLD JEWELRY
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