What kind of things could a person carry to sell and how if they ever had to forcibly leave?
I read diamonds are worthless second hand.
Solid gold seems legit but not sure if coins or jeweler is best.
I saw something about getting gold chains to trade individual links in a emergency.
Are there any other good tips?
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Edit: Put in a Consolidation effort based on comments and side research
- Jewelery is good getting through customs as some countries have limits on what you can take over borders. Canada for example has 10k limit before you have to delcare and it is not clear if per person.
1.a) Always buy jewelry you plan to wear anyway because you will not get full value back.
1.b) Buy from reputable locations. Looks like Mene was a popular one.
- Gold coins are good but get normal ones like Eagles, Buffalo, or Maple as it’s easier to sell. Fancy ones are cool as collector item but will require more haggling.
2a) Bars are cheaper over spot but can be harder to sell overall
2b) Seems like libertycoin had consistent reviews.
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Cash is light but if your origin country currency dips then it’s worthless.
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Crypto requires you to have your wallet seed and importantly access to a pc and electricity.
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Make sure to have a backup skil/trade to live off of.
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Transferring money between banks can have legal issues.
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.
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.
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If you’re 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 you’re 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.
It’s 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?
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Lol good luck carrying all that.
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I was thinking BJ walking out wolfestine with 100 tons of gold but yeah Leon got that dimensions case that’s volume not weight based.
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Get tattoo of wallet seed lol.
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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…
I’ve considered some other options:
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become an artist and upload “the art” that has a code based ok the number of lines similar to Japanese multiplication with a cipher something like Moriarty uses for text messages but based on the creation date. Common folk will be not be the wiser. Of course that assumes art is not taken down somehow.
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cut my arm/hip open and put a micro SD card or projector in there like in the Bourne identity. Probably could just sew it in clothes but no fun in that. BTW cutting arm open for implant takes months to repair so don’t recommend. They say 1 month but bs. Took 3.
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code is in my paracord based on knots similar to the Futurama nft episode.
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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.
Monero if you need something that’s actually untraceable. However, I guess btc is more likely to hold its value in the long term.
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I think its like $10k for in or out of the US and items of value
Probably a good amount to start over. Grandma wad a refugee and came over with way less. Granted she had to work like uncle ruckus but she also couldn’t read either.
From the phrasing “fleeing a country” I imagine they want to circumvent border checks/wouldn’t be able to pass a border legally anyway?
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I know some people who largely do exist off grid, but in any case, for asylum claims it’s common to claim asylum after having already crossed the border of the target country without going through the checks. My friends who are asylum seekers have done that. I imagine in general you’d have less chance of being deported if you’re already living in the country vs trying to cross the border.
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Could you clarify customs me? Someone above mentioned I should have some recipes on those. I dk if that’s enough.
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.
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.
If you are serious, learn a trade. They will always be in demand.
Knowledge is important, without it someone will be like my grandma working every job in town.
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.
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Nu uh
Lol imagine selling them on the streets of Panama.
GOLD JEWELRY
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.
Why not just use something like Wise to hold your cash?
It’s a UK company but it says Money can only be delivered to a bank account. Unless I can just load it up like a prepaid card? Which is also a other idea I was considering.
You can get a card that is linked to your wise account. Not something I’ve done but it’s an option.
