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Honest question. Without going into too many details, if a US citizen came into $10-20 million would it be a better idea to become an expat in another country or would a homestead within the US be better?

As much as I love the US I'm not entirely sure the country can be saved any longer for a litany of reasons.

If becoming an expat is preferable, then where would be among the best places to go?

Honest question. Without going into too many details, if a US citizen came into $10-20 million would it be a better idea to become an expat in another country or would a homestead within the US be better? As much as I love the US I'm not entirely sure the country can be saved any longer for a litany of reasons. If becoming an expat is preferable, then where would be among the best places to go?

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[–] • 1 pt

> You would have to renounce your citizenship

I'm fine with that

> IRS will block your renouncing of US citizenship unless you are fully square with them.

This wouldn't be a problem

[–] • 1 pt

The problem is several banks won't work with you unless you are not a US citizen. If you can't get it renounced you could have problems with any employment in another country, wire transfers, etc.

[–] • 0 pt

Any idea if a person would have trouble bringing a bunch of silver and gold with them out of the country?

[–] • 2 pts (edited )

You need to look into Civil Asset Forfeiture. Never travel with large sums of money or precious metals. Anything of significant value really.

You would be smart to move it in many small trips. That way if they seize it you don't loose everything.

This includes even just moving from state to state. Anyway, in answer to your original questions. I would stay in the US but move somewhere White and Conservative. Move your assets slowly there. CAF is very real.

[–] • 2 pts

That's a good question. That is worth researching. Not sure who to talk to about that. I wouldn't try to leave with any significant amount in your luggage.

[–] • 1 pt

Yes, you will 1000000000% have problems trying to bring large amounts of gold/silver out of the country and will likely end up having it taken from you never to be seen again.

[–] • 0 pt

> The problem is several banks won't work with you unless you are not a US citizen. If you can't get it renounced you could have problems with any employment in another country, wire transfers, etc.

This is the type of info I need to learn about in order to properly weigh my decisions.