Financial anonymity
Thinking about converting future earnings to casino chips. Would this be a good or bad idea. I don't want cash in bank accounts where a court order would result in loss if control if the account, or account balance. Any better ideas?
bitcoins?
...
How quickly can bitcoins be cashed out these days
If I am ever audited, "I have a gambling problem" in respect where withdrawn funds went to
The judge is going to want to see receipts from the casino, especially if you appear to be not a moron since any non-moron knows you can deduct casino losses on your taxes and only a moron wouldn't take that deduction assuming said moron had income that year.
Bitcoin.
Can't secure your assets against court orders except maybe if they're in another nation and said other nation doesn't care.
Casino chips?
Great idea, please, buy them from my own fucking casino - they're totally going to be invalid when you come back next week because they're only guaranteed until you leave the casino. You do want to stay, right?
I can shift funds to some different parts of south east asia, to be clear, we aren't talking millions, just my earned
bitcoin ATMs all over the place.
Damn, I just learned something today. I never knew that you could deduct your casino loses, but I don't go to casinos.
Casinos are financial institutions now, so they're required to file Suspicious Activity Reports (SARs) for "suspicious transactions" and any transaction over $10,000. Casino chips are not a good way to keep money.
Any asset you buy will fluctuate in value, even cash. Buttcoins fluctuate too much to be considered a viable long term solution.
Your best bet is US cash. It gets unwieldy in large amounts, but anything under $1 million isn't too hard to manage.
Maybe it works?
But I don't know if having (to this nation undeclared) assets abroads is a crime for you or completely legal, or legal under condition that the place in south east asia knows and taxes the assets.
If it's illegal, they probably might anticipate and monitor for this method catch you.
But there are actually places that really decided that assets and income abroads is none of their business.
I have a guy who sends me cash in the mail for BTC. He takes 5% for the service, does not ask questions and is blazing fast. 24 hours usually.
Gold coins/bullion?
>Your best bet is US cash
Krugerrand gold coins are more compact, untraceable (no serial number unlike US cash), with happy buyers everywhere on Earth.
If you pay close attention to espionage novels, you will find Krugerrands mentioned, for a reason.
The NBK 2000 book had a guide on how to open a bank account in Europe with out sending a birth certificate or ID. Offshore accounts are most likely your best bet.
Pretty sure the USA has interfered with that ability in most places.
It's citizens "belong" to the USA and pay taxes regardless where they actually live and work.
Pressure came down and I think their bank accounts are open to the US tax authorities almost everywhere in Europe now.
More to the point, that's how your country wants to play if you're US citizen. It already did or soon could happen anywhere else.
I keep cash and gold coins in a safety deposit box in a foreign bank under another family member's name.
set up a family trust. court cant do shit
I offer you two options, one safe one not so much.
Bank storage, shove your money in there, court orders don't affect costumer storage boxes they are different than "safety deposit boxes".
Option 2
Paypal account, transfer money from your legit account to a different account with fake name. Then delete your legit account and reopen new legit account with new email. Money is basically untraceable unless you're a terrorist or a pedo.
Casino chips aren't guaranteed past when you leave.
non-serialized gold, stored anonymously, secured remotely, is the best option, DESU.
Just buy Bitcoin like all the other bleeding-edge armchair entrepreneurs
Invest on low risk stocks.