At this point I'm buying more of the essentials (gold, silver) just to retain value as the USD - which is, well you know the situation.
I've had a trusted supplier for some years now, but don't store anything in their vaults. Happy to share, just not sure if they deal in copper/aluminum.
I'm not ultimately looking to hold a substantial amount of fiat, so the currency isn't too important. FATCA is fine for these purposes, I think.
Kind of a 'you can see, but it will be very difficult to touch' scenario...provided my strategy holds.
Greetings!
In my ongoing quest to insulate my funds from the US Treasury, I have been bank shopping for some months now.
My last major concern is selecting a bank with absolutely no affiliation with the US.
As this is technically a retirement account where a portion will be invested in metals...
It makes mention of Nevis, albeit only once. Going into the process, all custodians I worked with (on my third now) said I would need this verbiage regardless of where the company was formed if I wanted to hold the LLC as an asset for funding. This is the asset protection rung of my strategy...
For a few months I've been working with a registered agent in Nevis to form a single-member LLC. After what seemed like an endless process of notarizing and providing documents, they were able to officially form the entity. The problem is, they refused to set up my SDIRA account as the owner...
I wonder how easy any type of seizure would be in my case. Of the funds I have, a portion will be used to purchase crypto, which will then be stored in a cold wallet instead of the EMI or bank. The other portion will be in some combination of RE or long-term agriculture. So since the majority of...
Thank you for the high quality response. So if I understand correctly, in the case of an EMI like Wise (who I've read uses internationally-branched banks like Barclays), my funds are not protected with regard to government subpoenas/orders.
Quite sad about Wegelin. I suppose the next logical...
Didn't see it explicitly answered here, so thought to ask...
If you want to dissuade charge orders from creditors - or your own government - a general piece of advice is to bank with an institution that has NO branches in your home country.
Can the same be said for EMIs since they are not...
Alright, hopefully I don't have to rescind anything after this.
After a more thorough reading of the amendments pertaining to LLCs in Nevis,
it appears I will not be taxed for placing my IRA funds into a bank account associated with a Nevis LLC.
Even with checkbook control, which I will only...
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