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re: Going off the financial grid - hypothetical scenario

Posted on 6/24/25 at 6:00 pm to
Posted by Hangit
The Green Swamp
Member since Aug 2014
45522 posts
Posted on 6/24/25 at 6:00 pm to
Buy 37.5 lbs. of gold, or 600 Krugerrands. Dollars in suitcases will depreciate to nothing. Gold will be worth substantially more, yearly.

Gold going up in value remains untaxed.
Posted by forkedintheroad
Member since Feb 2025
1601 posts
Posted on 6/24/25 at 6:00 pm to
quote:

they can seize it

quote:
they can easily find you

who is “they”?


The people looking for the child support you bailed on.
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
7546 posts
Posted on 6/24/25 at 6:02 pm to
What are you trying to avoid?
Posted by cgrand
HAMMOND
Member since Oct 2009
46849 posts
Posted on 6/24/25 at 6:03 pm to
quote:

600 Krugerrands
I’m not sure they take krugerrands at Winn Dixie
Posted by TigerV
Member since Feb 2007
2845 posts
Posted on 6/24/25 at 6:06 pm to


Although not totally off the grid.
This post was edited on 6/24/25 at 6:07 pm
Posted by kingbob
Sorrento, LA
Member since Nov 2010
69367 posts
Posted on 6/24/25 at 6:21 pm to
quote:

who is “they”?


Courts and creditors. If courts or creditors can find you, assume anyone else who might want to find you can too.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 6/24/25 at 6:27 pm to
You need a person you absolutely trust.

Give them all the money and have them buy a small house in the middle of no where in a foreign country, maybe a small town in Sicily. Put some cash away for incidentals he has to pay for you. The rest you get in gold. You live in that house and you eat the fruit trees and veggie trees on the property. you trade the gold to pawn shops or shady street merchants under the table for cash as needed. You never ever travel again. You live in that small town making only small cash transactions forever.
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
19245 posts
Posted on 6/24/25 at 6:31 pm to
Realistically you could do it over a long period of time in smallish withdrawals.

Break up the $2M into multiple banks for “FDIC protection”
Withdraw a small amount from each over time so you don’t look suspicious
Find a local bullion dealer and move some if it into Eagles with cash purchases
Purchase crypto with some
Buy a bunch of Rolex’s and other marketable watches
Buy a couple of collectible cars and keep them safely stored
Store the rest in cash in multiple safe deposit boxes - keep your working money in a home safe.

When you need more cash sell your stuff for cash.

ETA: prepaid CCs are a good idea too.
This post was edited on 6/24/25 at 6:36 pm
Posted by deltaland
Member since Mar 2011
100760 posts
Posted on 6/24/25 at 6:47 pm to
quote:

We use to routinely have 2-3 million cash in the safe on weekends



quote:

armsdealer



:ATFhasenteredthechat:
Posted by deltaland
Member since Mar 2011
100760 posts
Posted on 6/24/25 at 6:52 pm to
quote:

Buy 37.5 lbs. of gold, or 600 Krugerrands. Dollars in suitcases will depreciate to nothing. Gold will be worth substantially more, yearly.


Sucks you can’t buy bearer bonds anymore
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23934 posts
Posted on 6/24/25 at 7:00 pm to
Precious metals.

Posted by UltimaParadox
North Carolina
Member since Nov 2008
51608 posts
Posted on 6/24/25 at 7:14 pm to
quote:

Is the only option crypto?


That is way worse than cash, because you cant really buy anything at any place without going through a bunch of hoops. Generally third party converters to begin with.

Plus any US based crypto exchanges requires KYC (Know your Customer).

If you trust your money with Chinese exchanges.. you can stay anonymous, but good luck ever getting USD out.

Otherwise as another poster stated a friend you trust is the only sure fire way and hold cash.
Posted by I 10 one lane merge
Member since Oct 2018
315 posts
Posted on 6/24/25 at 7:23 pm to
quote:

Sucks you can’t buy bearer bonds anymore


Stupid Hans ruined it for all of us
Posted by LSUtoBOOT
Member since Aug 2012
19303 posts
Posted on 6/24/25 at 7:28 pm to
quote:

Two words: Beanie Babies.

Alternate two words: Hookers and Blow

Sincerely,
The OT
Posted by ImJustaBoy
Member since Oct 2023
1876 posts
Posted on 6/24/25 at 7:45 pm to
Withdrawal your cash over 4 months, go to vegas over 4 months and convert your cash to chips. Tell the irs you gambled and lost and slowly convert your chips back to cash
Posted by Syd
Member since Sep 2012
4817 posts
Posted on 6/24/25 at 7:53 pm to
It could happen. Liquidate all of your assets to cash over time. Get a fake Id, pay cash for everything. I’m living this life right now, syd pays for wifi in cash.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
73449 posts
Posted on 6/24/25 at 7:59 pm to
quote:

Withdrawal your cash over 4 months,


This is the question he's asking.


quote:

go to vegas over 4 months and convert your cash to chips. Tell the irs you gambled and lost and slowly convert your chips back to cash


This is extemporaneous bullshite. It's completely superfluous.
Posted by Pax Regis
Alabama
Member since Sep 2007
14922 posts
Posted on 6/24/25 at 8:54 pm to
quote:

You can’t just transfer your funds to a bank, walk in, withdraw $2,000,000 in cash, and leave with a suitcase full of money.


Why the frick not? It’s your money.
Posted by travelgamer
Member since Aug 2024
2659 posts
Posted on 6/25/25 at 5:45 am to
quote:

withdraw $2,000,000 in cash, and leave with a suitcase full of money.
Posted by travelgamer
Member since Aug 2024
2659 posts
Posted on 6/25/25 at 5:46 am to
People hiking the AT spend 6-8 thousand for six months "living off the grid"
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