Hopefully in about 3 years I'm going to become a full-time nomad. As an option to carrying a large sum of cash which could get stolen or confiscated I plan on carrying a large sum of emergency money in traveler's checks.
Why traveler's checks? Because you can still get them and they're safer to carry than cash.
If my credit cards are lost or stolen I will still be able to get cash if I need it. The banks won't send new ATM or credit cards to me where I'm at on the road. They will only send them to my permanent home address which means I would have to return there to get them.
I don't know if cops would confiscate my traveler's checks, but if they did they couldn't cash them and I shure as heck ain't gonna sign them. All I would have to do is go where they are issued and have them canceled and replaced as stolen. They should issue me new traveler's checks. Let the cops have fun trying to cash any they take.
