"The Riff" with Byrne Hobart and Erik Torenberg cover image

E39: Mental Models and Financial Infrastructure with Patrick McKenzie

"The Riff" with Byrne Hobart and Erik Torenberg

NOTE

Seek Discretion, Not Burdensome Gold

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.

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