If fleeing a country, what items would have good resale value?
If fleeing a country, what items would have good resale value?
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.
Idk how long the US dollar will have high acceptance internationally. I mean it may not change much or it may change a lot, depending on what happens the next few years.
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 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.
Besides the utility of a go bag.. having portable wealth can get you into trouble with the police or border crossing agents.
Civil asset forfeiture is a very real thing at border crossings. If you must take portable wealth have documentation about where it came from a available
If you're crossing a border they'll try to customs you about gold coins/bars, jewelry you can claim is like, a precious family heirloom or your wedding ring or whatever.
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?
One of them stupidly expensive watches, that is worth more than a house, might be the best way to move value across borders. But you gotta find a sucker to buy it.
Could you clarify customs me? Someone above mentioned I should have some recipes on those. I dk if that's enough.
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.
Consider the worst comes to worst, you won't have electricity, let alone internet connectivity. Good luck selling any crypto in those circumstances.
Nope, ye olde Gold & Silver are the way to go. Silver for fractional trades, gold for larger ones. Can't beat a couple thousand years of history.
Monero if you need something that's actually untraceable. However, I guess btc is more likely to hold its value in the long term.
If you just want to escape your country, instead of buying illegal stuff in new country, a privacy coin isn't a necessity.
Didn't it drop yesterday by like 20%?
close to that at low, but ended up down less than 10%. If you are short term, you had opportunity to make 10% in a day. Long term, it is best performing assets, and should still outperform stock indexes in future. Don't depend on it for your rent money for the month or year, but longer term you can probably turn it into a significant portion of a house or EV.
Printer ink.
I’m just kidding… listen to all the other smart people in this thread and not me.
Well I think ink is worth more per volume than blood.
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.
Transfer your money to an overseas bank in your target nation.
Not a topic I'm super familiar with, but I feel I've heard people often are either robbed or have their items confiscated by authorities. Same with unhoused people not wanting to have stuff that would make them a target.
If it was something you had a little bit of prep time for, ziplocking USD or EU and seeing it into a grubby jacket where the repairs would blend in and not garner attention would be the most portable and effective thing to do while minimizing theft potential, other than having all eggs in one basket unless you split it between different garments. Also make sure it is pretty weatherproof to prevent mold damage.
It also has the benefit of being immediately usable, should you need to pay for transport or food. If it was seen in a puffy coat, one could discreetly remove one pack of bills while leaving the rest secure. The immediacy that cash can be used may make up for having something potentially more valuable that you would have to barter or fence, as pretty much any human has a need for cash.
To add that secret compartments in your accessoirs.
My sling bag for example has 2 velcro pouches on each side of the band. You would think they are sewn shut but on closer expections they are actually vecroed.
Using it as a emergency storage for some coins. Helped me once already.Not putting in a link until requested. No need to advertise :)
I think I actually had a coat once with a hidden pocket like this that I didn't know about until I had it for quite some time! It wasn't big enough to hold a lot, but it was a very secret stash. Even some coats I have with inside pockets blend in very well, but those probably wouldn't pass someone searching me at a checkpoint of any kind.
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.
Heroin is quite compact, and always holds its value of you're travelling from lower socioeconomic to higher.
Rofl fleeing country.
Let me get my brick first.
Coins vs jewelry doesn't matter. Weight and purity are all that count when selling.
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. 😎
God Bless The 2nd Amendment 🙏
(Also, build a backyard nuke while you're at it, sell it to the Libyans)
Lol good luck carrying all that.
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.
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.
Nu uh
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.
Lol imagine selling them on the streets of Panama.
GOLD JEWELRY
Silver coins maybe
Unironically this. And gold of course. Some things never change. Humans shelling out for shiny being one of them.
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.
Physically get them out might prove to be a challenge as the customs would definitely question your bags of gold.
There are actually limits to what you can bring into/out of a country.
Solid Gold anal beads are limited only by your courage.
Gold caps (teeth) painted with white enamel was the method of choice in the past.
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.