Seek Discretion, Not Burdensome Gold

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Airports in London and Dubai do not thoroughly check passengers for smuggling cash, allowing large sums to be transported easily. This creates opportunities for individuals to convert cash into bank deposits, albeit with a fee. However, when considering alternatives to transporting value, gold bars introduce significant risks and require scrutiny from dealers regarding provenance. Instead, discreet options like 'alpha black lotuses' present a less detectable way to move value across borders, avoiding questions and operational challenges associated with gold.

This week, Byrne Hobart is joined by Patrick McKenzie (patio11), host of the podcast Complex Systems, to discuss the complexity and endless fascination of financial infrastructures, the role of fraud in finance, talent spotting strategies and the importance of building networks.

🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj

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LINKS:

Byrne’s writing: https://thediff.co

Patrick's Newsletter: https://www.bitsaboutmoney.com/

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X / TWITTER:

https://x.com/patio11 (Patrick)

https://twitter.com/ByrneHobart (Byrne)

https://twitter.com/TurpentineMedia (Turpentine)

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