I think that in the event of WW3 it won't matter where you have your cash. All of a sudden all of these Argentines with cash literally under their mattresses will seem like geniuses! It's a good idea these days to try to have multiple permanent residencies and banking relationships in various countries but for sure under the worst case scenarios it would be very ugly.
This is true. My husband started buying bitcoin as he thinks that will be easier in the event of a war but I am not so sure. I see online that people can't spend their bitcoin here in Argentina too easily. That surprised me in doing some basic research. I think if some war broke out, cash would still be the most desirable.
A good safe is very important anywhere in Latin America. So true @Sunny about maids with issues. I have already had each of these scenarios you have described!
Yes we already have lived in Mexico and Brazil for my husband's work. What we have done in the past is have a hidden section in our closet and then an in wall safe. We mostly kept my necklaces but we will keep a steady amount of cash in Argentina just in case. Thanks for the reminder about a good safe. I looked online on Mercado Libre and I don't see many good safes. There seems to be only cheap ones. Does anyone sell hotel quality safes? Or biometric safes like in the USA?
They don't have good safes here. We bought one and brought it with us from the States. They don't export good ones here. You have to bring your own. You might also want a safe deposit box at a bank close to where you live. I'd rather do that vs. having lots of cash at home.
Be careful of those digital safes they sell here on Mercado Libre. I lost my key to unlock it and forgot my code and had to call a locksmith and he just hit the top of the safe with a rubber mallet and it opened right up. He said the safest was with a key.
I use this Amazon basics as a "decoy" safe in my house so thieves think it has something in it. I put some costume jewelry in it. I had a safe installed within my wall. I'm told this is the best method. Some Argentine friends do the same thing.
Smart idea about the dummy safe. That seems like a genius idea!
Yes most of these safes are really worthless when it comes to actual security.
Yep. This is what I also did in my office in Buenos Aires. We were dealing with insane amounts of cash back in the day as we were buying a new property every few days on average. Our main safe we had behind a foot of concrete but we would have fake dummy safes in case we got our office broken into.
no. Netanyahu started it by bombing a consulate. the news has programmed you to support Netanyahu unconditionally
whybitcoincash.com
best bet for any stock, crypto, bullion, etc. is to buy what has good fundamentals, and Dollar-Cost-Average
Thank you for all of this super helpful information. It sure helps for those of us that will be moving to BA soon.
What happened to Israel by Hamas was deplorable. But I try to look at things objectively. If someone bombed US Embassy on foreign soil and some Generals or commanders died you can expect the US to respond back. I am NOT fan of Iran but countries should expect same reaction no matter who it is. If you do a wrong, expect to be wronged as well.
My pleasure.
Those who are leaving will end up finding that living on the cheap in a nice enough location is less and less feasible.
Correct. When we moved to Mexico City a few years ago it was very reasonable but now with the exchange rate and inflation it is quite pricey. We are looking forward to moving to a more reasonable cost of living but at this rate maybe Buenos Aires won't be too cheap either!
There are many very cheap places to live but the key phrase being nice enough location. Many cities that are cheap I would never want to move to. There has to be more to the equation than cost of living.
