Frank in Bangkok said:
So, what are practical ways to get acquainted with "bearer assets".
Say, for EUR 10,000.
Or maybe EUR 100,000.
And what about EUR 1,000,000.
What are possibilities to convert fiat into "bearer"?
Or crypto into bearer?
Gold, silver, of course ... but that's heavy and very "noticeable".
Expensive watches ... maybe, but not very liquid.
Real estate ... the nose of government is already inside that tent.
If I had to pick, right now, with no further research or discussion,
it would be a commercial fishing boat: small, common design, and in daily use catching fish.
True, not so liquid, but very portable and, in troubled times, a tool for making an income.
Maybe more than one boat ... and rent/lease to experienced fishermen.
I wouldn't "bear" it, but it could "bear" me and my family, if needed.
(During the war in Vietnam, a lot of fishing boats caught a lot of gold fish for carrying Vietnamese from Vietnam to The Philippines. I employed members of one of those families and heard their story.)
And if I had to pick one more it would be to learn another language.
Which I have been doing all of my adult life ... investing spare funds into language training.
Can carry that asset around in my brain.
Knowing other languages can not really be bought or sold, but it very much facilitates buying and selling.
And if you insisted on a third guess, it would be to learn and acquire tools of
a manual trade that was likely to flourish for at least another 20 years in the future.
A trade that did not require a license from the state.
One example might be diesel mechanic -- either fixed or "marine".
Another might be "operating engineer" for cranes and earth moving equipment.
And with that I'm fresh out of ideas.
Can anyone else carry on?
(Note: this post may be a little rough, because I didn't finish editing before the cut off time.)
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