Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
AKA, the "last plane out" account. I would imagine this would be the easiest way, but you generally have to declare any cash or valuables (gold) that you move between borders, so preumably more than one gummint will no that you moved either a wad of folding money or a hunk of gold to a particular place. I suppose you could be a gold smuggler and not report it, or bring a small enough amount of currency that would not meet the reporting threshold (making multiple trips perhaps), but these seem alternately like asking for legal trouble and a PITA.
I know some Argentinians who left the country during the hyperinflationary crisis in that country about 5 years ago. I think they had to liquidate all their savings and trust an intermediary with the cash until they met up in another country. It all sounds very shady. They made it and are doing very well in their new country, but they miss home. Another strategy commonly used in Argentina was to buy gold in the form of rings which could be easily sold for cash, thereby providing a relatively liquid form of gold investment. However, if you buy gold jewellery, the markup is significant.