that’s the big problem with gold kuggers, getting change
we bought many many before the Euro (and some for a few years after, before the EU started imposing reporting), we would drive across into Osterreich from Magyar or have my brother in law buy them for about 80% what they were selling on the US market.
and we keep them secure, far away from US snooping, but I always wondered about “getting change” for them.
Once you turn them in, now they report them in almost all banks.
So as a personal currency, I’m going to wonder what value they will have if the SHTF, because what will the real market value be?
But our main interest, was a currency to get out of the US if need be in a hurry, and I think it still suits that purpose, as they are offshore and unaccounted for.
I stick with accumulating U.S. silver dollars; Peace version costs less than Morgans. Worth about $20 apiece, cartwheels are easily fungible for basics.
If you had to, you could melt your Kruggerands and make smaller pieces of gold. I watched a jeweler melt a gold bracelet. It was very easy to do with a blow torch.
you are talking about an offshore gold stash, i suppose.
if so that sounds interesting.
your stash is in europe with family, it sounds like.
i just hesitate a bit because i envision that i would simply never be able to reach a stash so far away with family in tow. there would be too many physical barriers such as oceans and rivers to traverse. i could always get a small yacht but then the maintenance would become an albatross in itself (not to mention the SO nagging, if applicable). I would also have to learn how to sail and then maintain my seamanship skills. Relying on someone else to fly me somewhere does not sound practical, especially if intercontinental distances were to be involved.
Beyond that, do you have any thoughts about a safe haven stash in far east Asia? In particular, would there be any salient differences between such a stash in Europe, and a stash in far east Asia?
Also, if I were more concerned with travel and/or fleeing the USA during a crisis that I did not expect to survive intact if I stayed, then I would normally gravitate towards diamonds, rubies and other precious gems, since they do not set off metal detectors. Another possibility would be bearer bonds, but that is paper (and it would also leave a paper trail of sorts), so...
You can’t eat gold. Not supposed to anyway