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.
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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.
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.
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...
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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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.