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Almost Every Passenger On A Flight From Dubai To India Was Found Carrying 1 Kilo Of Gold

Tyler Durden's picture




 

Submitted by Michael Krieger of Liberty Blitzkrieg blog,

Watching Indian bureaucrats attempt to halt more than one billion human beings’ desire for gold has been one of the more entertaining and pathetic stories of all of 2013. It is one that I have covered on many occasions, the latest being my post from earlier this month:  Gold Smuggling Increases 7x in India and Surpasses Illegal Drug Trade.

Well it appears the trend continues, potentially at an accelerated rate, as we just learned that, incredibly, “almost every passenger on a flight from Dubai to Calicut was found carrying 1kg of gold.” As I have said many times in the past, if an Indian wants their gold, they will have their gold.

CHENNAI: Faced with curbs on gold imports and crash in international prices leaving it cheaper in other countries, gold houses and smugglers are turning to NRIs to bring in the yellow metal legally after paying duty. Any NRI, who has stayed abroad for more than six months, is allowed to bring in 1kg gold.

 

It was evident last week when almost every passenger on a flight from Dubai to Calicut was found carrying 1kg of gold, totalling up to 80kg (worth about Rs 24 crore). At Chennai airport, 13 passengers brought the legally permitted quantity of gold in the past one week.

 

“It’s not illegal. But the 80kg gold that landed in Calicut surprised us. We soon got information that two smugglers in Dubai and their links in Calicut were behind this operation, offering free tickets to several passengers,” said an official. The passengers were mostly Indian labourers in Dubai, used as carriers by people who were otherwise looking at illegal means, he said. “We have started tracing the origin and route of gold after intelligence pointed to the role of smugglers,” he said.

 

Reports from Kerala said passengers from Dubai have brought more than 1,000kg of gold in the last three weeks. People who pay a duty of Rs 2.7 lakh per kg in Dubai still stand to gain at least Rs 75,000 per kg, owing to the price difference in the two countries. Gold dealers in Kerala say most of this gold goes to jewellery makers in Tamil Nadu and Andhra Pradesh.

 

These government measures to control the current account deficit did not reduce the demand for gold in the market. “RBI tried to discourage gold purchases because it doesn’t have the utility of other commodities like oil or copper. It mostly sits there in lockers. But when the gold imports through proper channels have come down, merchants have started depending on illegal channels to meet the demand from consumers,” he said.

As expected, a gigantic fail, but at least it served to enrich smugglers from across the region.

Full article here.

 

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Tue, 12/24/2013 - 00:08 | 4272598 walküre
walküre's picture

India and China will come out ahead after the collapse. Thanks to the tribe who ran the ship into the ground.

Tue, 12/24/2013 - 00:53 | 4272689 HoofHearted
HoofHearted's picture

Am I the first to say it?

Gold, bitchez!

Tue, 12/24/2013 - 01:16 | 4272725 SafelyGraze
SafelyGraze's picture

since roman times, 1 kg of gold has represented the amount of total benefits that the state provides, per annum, to each of its neediest citizens

 

Tue, 12/24/2013 - 01:25 | 4272741 Four chan
Four chan's picture

the us, and european banks are having a fire sale. one side of this trade are a bunch of idiots.

Tue, 12/24/2013 - 01:59 | 4272777 DoChenRollingBearing
DoChenRollingBearing's picture

Visitors to DoChenRollingBearingStan are welcome to bring 1 kg of gold in your next visit to us.

 

Merry Christmas, fishez!

Tue, 12/24/2013 - 02:08 | 4272790 Zero Debt
Zero Debt's picture

Time to call in the traditional packing goats and donkeys. All terrain all season four leg gold transport.

Tue, 12/24/2013 - 02:27 | 4272812 JohnnyBriefcase
JohnnyBriefcase's picture

Shoulda had bitcoins amirite?!

Tue, 12/24/2013 - 02:45 | 4272834 Spungo
Spungo's picture

Do I put the bitcoins in my ass or do I need to swallow them?

Tue, 12/24/2013 - 02:48 | 4272837 JohnnyBriefcase
JohnnyBriefcase's picture

Urethra.

Tue, 12/24/2013 - 03:42 | 4272878 Manthong
Manthong's picture

..at least they did not have anythig illicit

and maybe some folks might enjoy a half kilo or so carried in the posterior

Tue, 12/24/2013 - 03:57 | 4272890 Carpenter1
Carpenter1's picture

Gold has always been money, will always be money, and is money today. Gold has destroyed countless fools like the ones we have running the world right now and its winning record won't stop now.

If you want to know which of the 1,000,000,000 potential threats to the bankers will bring them down, it won't be Fukushima, war with Iran, the Libertarian movement, or BTC. Go with the reigning champion, GOLD!!

Tue, 12/24/2013 - 05:21 | 4272940 BoNeSxxx
BoNeSxxx's picture

And here I was chugging Goldschlager and selling my stools after a 14 hour flight...

I just knew there had to be an easier way!  Color me an idiot...

Tue, 12/24/2013 - 07:19 | 4272991 GetZeeGold
GetZeeGold's picture

 

 

I knew using the 3 monkeys as last minute substitutes was a bad idea.

Tue, 12/24/2013 - 08:59 | 4273058 Indian_Goldsmith
Indian_Goldsmith's picture

Yup, business is booming!

Tue, 12/24/2013 - 09:15 | 4273069 Dogface
Dogface's picture

Up next, hijacking a airliner for gold instead of political reasons.

Tue, 12/24/2013 - 09:32 | 4273097 SoilMyselfRotten
SoilMyselfRotten's picture

Did they inspect the linings of everyones jackets for the barbarous relic?

Tue, 12/24/2013 - 12:55 | 4273433 Manthong
Manthong's picture

hmm..

I thimk I might have been concentrating on the wrong orifice a little earlier.

..it has occurred to me that a couple of the dentists in my family might want to consider establishing a practice in Dubai.

Especially considering the bleak prospects for any medical professionals in the USSA.

Tue, 12/24/2013 - 10:41 | 4273205 Rory_Breaker
Rory_Breaker's picture

haha, this will be fun!

Tue, 12/24/2013 - 02:41 | 4272825 mt paul
mt paul's picture

gold fishez

Tue, 12/24/2013 - 01:58 | 4272780 DoChenRollingBearing
DoChenRollingBearing's picture

@ SafelyGraze

Uh...  Well that would be a Merry Christmas too!

Tue, 12/24/2013 - 12:37 | 4273414 ZH Snob
ZH Snob's picture

gold is patient.  it just sits around waiting for someone to appreciate it, and to that someone goes the true wealth and all that comes with it: jealousies, covetedness, thievery, murder and a consuming fever.  this is why the wise keepers of gold secure it safely out of sight.

Tue, 12/24/2013 - 03:17 | 4272859 Tapeworm
Tapeworm's picture

@safelygraze----You are totally full of shit.

1Kg= 136.5792 British pounds at .2354 Pounds/oz

-----------------

The average income for farmers from 1500-1800, which is a proxy for a very large segment of the population was 15-20 pounds per year

One Kilo would come to from 9.1 years-6 years of income for farmers of landholdings enough for family sustainence. Let us scrape it down by 30% and call it 4-6 years per kilo, but that would be for those of better situation than sustainence and be in "better off".

 If you want to get to the top three percent as an independent "Gentleman", 300 Pounds, a pretty big sum compared to what it would buy and hire today on the same gold conversion.

 http://publicportal.lwsd.org/schools/ICS/pplank/humanities6/Shared%20Doc...

-------------------------------------------------------------------------

My assumptions are for a GBP to equal .2354 oz of 995 gold. 32.1507 oz/Kilo

Even nowadays a kilo of element 79 would amount to USD38,583. at USD1200. Au.-- which is very high compared to most countries outside of the old Western countries. That sum would have given Mr. Kalishnakov a far better life than he was living on in his "Dacha" if the photos of that dump are accurate.

Tue, 12/24/2013 - 03:27 | 4272870 Tapeworm
Tapeworm's picture

I apologize for the intemperate language. I was prodded to reply to your comment because you made some gold price statement that is obviously false on the face of it.

 You can look at any currency system from third century Rome through to the offficial gold standards of Holland and then Great Britain to see that a kilo is a high income throughout those centuries.

 I don't buy any statistics that discount the value of a farm worker's non cash income as the land cultivation to feeding cannot provide any accuracy on the actual costs of living for any population.

 The obvious example is rural China where a family makes twenty dollars per month or whatever. That obviously negates the non cash income, etc... and the non cash value of what they do.

 None of these statistics have any meaning without understanding that the cash can be a tiny to non-existent portion of income.

 The top .01% often make no cash income to be taxed, yet live like kings.

 

Tue, 12/24/2013 - 03:44 | 4272882 LetThemEatRand
LetThemEatRand's picture

Intemperate language?  Did you hear what that guy on Fuck Dynasty said about guys fucking other guys in the ass?  I'm still trying to figure it out because pretty mouths don't talk like that.  They just squeal.   Odds that he has a wide stance?

Tue, 12/24/2013 - 07:47 | 4273001 GetZeeGold
GetZeeGold's picture

 

 

I've never done that......watched Duck Dynasty.....or had sex with a man.

 

I'm a little curious now......maybe I will watch the show. I think I'm gonna hold off having sex with a man.....if that's OK with everyone.

Tue, 12/24/2013 - 12:04 | 4273347 Tijuana Donkey Show
Tijuana Donkey Show's picture

Maybe have sex with a duck? If an egg can fit up there, why can't you?

Wed, 12/25/2013 - 21:51 | 4275922 Tijuana Donkey Show
Tijuana Donkey Show's picture

Haters. No one gets the Dead Kennedy's reference. 

Tue, 12/24/2013 - 07:37 | 4273010 nmewn
nmewn's picture

Pretty sure freedom of speech used to be protected under our old system of governance.

I'm really quite shocked all the adulterer's he spoke about haven't stepped forward to rend their clothes off & gnash their teeth just like the gays & the PC crowd are doing ;-)

Tue, 12/24/2013 - 08:29 | 4273039 spinone
spinone's picture

A&E didn't take away his freedom of speech, they fired him from a TV show.  Lets keep a sense of perspective.

Tue, 12/24/2013 - 08:48 | 4273044 overmedicatedun...
overmedicatedundersexed's picture

spinone, removing one from the media, is taking his voice away. black listing was always called bad, but now it's ok with you?

Tue, 12/24/2013 - 08:57 | 4273054 onewayticket2
onewayticket2's picture

...and they sent a CLEAR message to anyone else thinking about voicing their opinion (provided it isnt the State approved opinion).  Your income will be cut to zero and an IRS agent isnt far behind.

 

regardless of the issue, this is chilling stuff....and guys on the Left should be equally spooked by it.  it has the potential to cut both ways.

Tue, 12/24/2013 - 10:52 | 4273100 SafelyGraze
SafelyGraze's picture

Tapeworm -

glad I returned to look at this comment thread. sorry I didn't do so in a timely fashion, since you might not see this reply to your reply. if you happen to read this, maybe you can reply to me in a future thread.

the observation about 1kg-per-annum in gov benefits was motivated by the zh article from the beginning of the year

"Meanwhile, America's Other "Cliff" Remains Untouched "

http://www.zerohedge.com/news/2013-01-01/meanwhile-americas-other-cliff-...

the chart in the article shows benefits in the amount of $45,000 being paid/provided to individuals at the lowest end of the income scale

I checked the price of gold yesterday as I composed my comment; gold was priced at about $1200 per troy ounce.

Using 32 troy ounce per kg, each passenger carrying 1kg held the equivalent of 1200x32 = $38,400.

this is less than the amount of benefits provided on an annual basis to the "neediest" citizen per annum, according to the zh article and chart.

It was a modern and ironic take on the cliche about how an ounce of gold has, since roman times, paid for a tailored suit: nowdays, a kg will buy you a person's unemployment for a year (if you are a government).

as you rightly point out, a kg has historically been worth perhaps 5-10 years of the work of a productive farming family; that family might have invested more than 24 man-hours of labor per day, when you include the non-trivial effort of the children.

which raises the question: how can a society afford to provide benefits to each adult non-worker that are commensurate with the labor 5-10 of farming families. 

apologies for causing offense. was merely inviting attention to the dark pool to which zh had, alas, previously alerted me.

 

 

Tue, 12/24/2013 - 12:45 | 4273422 BoNeSxxx
BoNeSxxx's picture

Well crafted response SG.  And +1 for keeping it classy.

Merry Christmas to one and all.  Thanks for all the 'greenies' (and reds) in 2013.

Catch you all on the flip side.

-Bones

Tue, 12/24/2013 - 12:45 | 4273419 Nostradumbass
Nostradumbass's picture

A&E removing the show does not equate to removing speech in my opinion. In fact, I would not be surprised to see the show picked up by another cable outlet and increase the show's popularity.

If people want to see it they will provide it. It's all about the Benjamins...

 

Tue, 12/24/2013 - 17:36 | 4274003 nmewn
nmewn's picture

"A&E didn't take away his freedom of speech, they fired him from a TV show.  Lets keep a sense of perspective."

They fired him for expressing his beliefs & opinions in an interview with GQ...that is, away from the show...which just happens to be the very same beliefs & opinions he's always had as part of the show (raking in millions for A&E and of course Disney & Hearst in the process).

No, I've never watched it but a coworker is a big fan and again...the only ones calling for his head are those who differ with his beliefs & opinions. They end every show with a prayer, what did the interviewer think he was going to say when asked "What ails his country"?

We are supposed to allow unpopular, minority and/or dissenting speech here, to that end, this is what he said:

“Start with homosexual behavior and just morph out from there. Bestiality, sleeping around with this woman and that woman and that woman and those men,” he tells reporter Drew Magary. “Don’t be deceived. Neither the adulterers, the idolaters, the male prostitutes, the homosexual offenders, the greedy, the drunkards, the slanderers, the swindlers—they won’t inherit the kingdom of God. Don’t deceive yourself. It’s not right.”

And the gays and A&E are the only ones feigning "offense"...lol...he slammed over half the population ;-)

Tue, 12/24/2013 - 04:53 | 4272920 Squid-puppets a...
Squid-puppets a-go-go's picture

you've used far more words than necessary to discredit his post: a kilogram was not a unit of measurement used until 15 centuries after the collapse of the western roman empire. (5 centuries for the eastern roman empire, byzantine, if u wanna be a smartypants)

Tue, 12/24/2013 - 12:36 | 4273406 KnightTakesKing
KnightTakesKing's picture

1 Kg = 32.151 troy oz. Which is approximately $40,000 USD at current spot prices.

Sat, 12/28/2013 - 08:50 | 4281471 RabbitChow
RabbitChow's picture

You would have to show proof of that.  The Roman denaris was a SILVER coin, about 1/10 of an ounce, which was a day's wage at the 'minimum wage' worker.  Even back then the gold to silver ratio was something like 25 to 1 in terms of value.  The roman gold coin of 1/10 ounce or so was the aureus, equivalent to the pay of a roman senator or a wealthy roman. A kilo of gold is 32 troy ounces or thereabouts, so you're saying that the average neediest person in the Roman Empire was getting about 1 aureus a day, the same pay as a wealthy roman citizen.  Maybe theyre's something I'm missing here.

Tue, 12/24/2013 - 01:56 | 4272781 Ident 7777 economy
Ident 7777 economy's picture

 

 

Geez ... what does this do for 'load calculations' on a passenger airliner I wonder ...

 

 

Tue, 12/24/2013 - 02:45 | 4272829 Rakshas
Rakshas's picture

1kg Au is about the same as a McFat meal with standard 1/2 gallon softdrink.......... should be ok........ right??

 

MERRY FUCKIN' CHRISTMAS BITCHEZ!!!

 

PEACE LOVE DOVE   HAVE YOUR POLITICIANS SPAYED OR NEUTURED


Tue, 12/24/2013 - 02:48 | 4272836 Colonel Klink
Colonel Klink's picture

Can't we just have them all euthanized instead?

Tue, 12/24/2013 - 12:50 | 4273429 Nostradumbass
Nostradumbass's picture

Except I'd rather that the process were not so comfortable for the bastards! Let 'em suffer for a long while before departing to hell and let others witness the penalties for treason...

Tue, 12/24/2013 - 04:17 | 4272902 just-my-opinion
just-my-opinion's picture

My boat sank

SHIT!!!!

The gold went down with it

Tue, 12/24/2013 - 12:30 | 4273397 waterwitch
waterwitch's picture

My airplane crashed.  But I survived. Whew!

Tue, 12/24/2013 - 00:57 | 4272694 PT
PT's picture

As I've said before:  They didn't ban it to stop it from coming into the country.  They banned gold so they could simply take it away from people without paying for it.

Tue, 12/24/2013 - 08:10 | 4273031 Bokkenrijder
Bokkenrijder's picture

I live in Germany and bought some gold yesterday in Düsseldorf. Had to wait 1 hour in line, the sales guy told me that it's been a madhouse last week as well. I wanted to buy some tubes of silver Maple leaves as well, but no silver was available for sale.

Tue, 12/24/2013 - 09:25 | 4273084 quasimodo
quasimodo's picture

We have the same problem at the local shops near me as well, not an hour wait but the availabilty is not what is used to be.

 

Tue, 12/24/2013 - 00:10 | 4272600 Hulk
Hulk's picture

Its just a worthless, barbaric relic, why all the attention ???

Tue, 12/24/2013 - 00:21 | 4272628 Peter Pan
Peter Pan's picture

Why go crazy over gold when they can instead join the stampede at Walmart?

These Indians are just totally uncivilized.

Tue, 12/24/2013 - 00:29 | 4272639 Colonel Klink
Colonel Klink's picture

Uncivilized maybe but have you ever tried to fit a big screen TV up your ass?  Even ones with the rounded edges are uncomfortable.  22" is about the largest one that's comfortable.

Tue, 12/24/2013 - 00:50 | 4272684 remain calm
remain calm's picture

I am going long Nike Jordan Tennis Shoes, the brothers will kill each other for them. They don't do that for gold...yet

Tue, 12/24/2013 - 00:54 | 4272687 Xibalba
Xibalba's picture

You're kidding right?  Try wearing a gold necklace out in the hood.  

Tue, 12/24/2013 - 01:01 | 4272704 Colonel Klink
Colonel Klink's picture

Ding!  Exactly what I was going to say but just decided to skip it.  Perfect point though.

Tue, 12/24/2013 - 04:40 | 4272913 OldPhart
OldPhart's picture

They're savage indians.

Tue, 12/24/2013 - 00:31 | 4272651 monad
monad's picture

Takes the eyeballs away from the real crimes.

Tue, 12/24/2013 - 00:11 | 4272603 ParkAveFlasher
ParkAveFlasher's picture

An evil Krugmanite tried to hijack and crash that plane, but Gold Shirt Man saved the day!

Tue, 12/24/2013 - 00:12 | 4272613 Midas
Midas's picture

Dear Tylers--I'm afraid I have to downvote you for not using gold shirt man on this article.  I consider it mandatory for an article including gold+India.  Thanks in advance.

Tue, 12/24/2013 - 00:15 | 4272616 Number 156
Number 156's picture

We need a ne picture of a indian guy wearing a shirt made of gold bricks.

Tue, 12/24/2013 - 01:21 | 4272737 W74
W74's picture

Mr. T and Flava Flave got nuttin on Gold Shirt Man.

Tue, 12/24/2013 - 05:21 | 4272941 IrritableBowels
IrritableBowels's picture

I pity da...myself...

Tue, 12/24/2013 - 09:05 | 4273065 Indian_Goldsmith
Indian_Goldsmith's picture

I guess i deserve all the attention, eh?

Tue, 12/24/2013 - 00:10 | 4272607 Colonel Klink
Colonel Klink's picture

BARBARIANS!  Such ass backward third world types.  I mean seriously, is it the stuff Central Banks would invest in?  Derivatives, CDOs, MBSs, and worthless debt paper are far longer lasting!!!

Tue, 12/24/2013 - 00:14 | 4272612 Number 156
Number 156's picture

 

Revolt!

Tue, 12/24/2013 - 00:13 | 4272614 Kirk2NCC1701
Kirk2NCC1701's picture

Anything to declare?

Tue, 12/24/2013 - 00:19 | 4272619 Colonel Klink
Colonel Klink's picture

Yep, I declare those in the government trying to control me are assholes and will fail as human nature will circumvent their rules.

To the NWO types, GO FUCK YOURSELF!

Tue, 12/24/2013 - 07:50 | 4273022 GetZeeGold
GetZeeGold's picture

 

 

Anything to declare?

 

Well.....I like girls.....I suppose that makes me kind of a freak.

 

I also have 10,000 Bitcoins in this paper bag......I realize it looks empty....what are they suppose to look like?

Tue, 12/24/2013 - 00:57 | 4272701 salvadordaly
salvadordaly's picture

and you thought those TSA body scanners were for bombs? Stupid Americans!

Tue, 12/24/2013 - 01:03 | 4272709 Colonel Klink
Colonel Klink's picture

I've opted out every time.  And when told I'll be subject to a pat down, I announce loud enough for everyone to hear for them not to touch my privates.  And on goes the line of sheeple into the machine.

Tue, 12/24/2013 - 02:02 | 4272787 DoChenRollingBearing
DoChenRollingBearing's picture

Ever since they started that TSA crap, I've long wondered if indeed they are really planning on preventing us from taking wealth out of the country.

I've been told that gold coins show up differently on the TSA X-Ray machines (denser than other coins).  Make my Christmas someone!  Provide me a link if true!  Thanks!!!

|;.!

Tue, 12/24/2013 - 02:13 | 4272792 Colonel Klink
Colonel Klink's picture

It does.  My Australian silver tiger coin I carry as "good luck" shows up bright white (like just a pure white disk, whiter than anything else imaged) against the black background in the tray.  Enough so that they picked it up and visually inspected it.

I looked for an image but can't find one.  All I can provide is my own personal experience.

Tue, 12/24/2013 - 02:16 | 4272803 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks!  Now that's TWO reports.  They will want to take it away...  

I should bring a platinum coin for them to gawk over.

Tue, 12/24/2013 - 02:25 | 4272808 Colonel Klink
Colonel Klink's picture

They can't take it (at least not without a fight from me) as long as the value is under $10,000 US.  Your mileage may vary with different countries.  I'm not a huge international traveler.  I currently eshew air travel due to the tyrannical nature of the TSA.  Only way to punish the airlines!  Vote with your wallet.

EDIT: The TSA goons wouldn't know the difference between silver and platinum.  Fascist knuckle draggers aren't too bright!

Tue, 12/24/2013 - 02:46 | 4272831 DoChenRollingBearing
DoChenRollingBearing's picture

My understanding of the law is that you can take out any amount, but if it (liquidity like cash or gold) is over $10,000, then you have to fill out an outbound Customs Form.  I did that once, back when the price of gold was lower, so I got a NICE CHUNK out of the USA, too bad we lost it running those rapids on the Utcubamba River (Peru).

LIKE that notion about Pt looking like Ag...

|;.!

Tue, 12/24/2013 - 05:51 | 4272949 malikai
malikai's picture

Yep, Gold and Silver both show up very different to ordinary metals.

I get stopped regularly leaving London, and always when leaving China (I always travel with a bit of Gold/Silver as my own "insurance"). In China, they document the departure of Gold/Silver from every traveler.

Tue, 12/24/2013 - 09:30 | 4273095 duo
duo's picture

I've traveled almost 2 million miles with a Krug and a Maple in my computer bag, all over the world.  Never once has anyone asked to look at them.  I did have a leaded glass lens lens element that freaked some TSA people out.  I guess it absorbed x-rays and looked black on the screen.

Said backpack went in and out of Shenzen without any hassles.

Tue, 12/24/2013 - 09:27 | 4273093 Agstacker
Agstacker's picture

At the rate the fed is creating money out of nothing, I wouldn't be a bit suprised if that silver coin is worth more than $10,000...

 

:) 

Tue, 12/24/2013 - 11:37 | 4273304 Colonel Klink
Colonel Klink's picture

Given enough time and absent the price manipulation I believe you may be correct one day.

Tue, 12/24/2013 - 19:48 | 4274278 MeelionDollerBogus
MeelionDollerBogus's picture

well here's an easy one: if TSA goons are dumb as fuck, and they are, and they see a minted price ON a coin like 20 francs, $5, etc., even Canadian gold maples are $50 face value, they'd probably fall for that, wouldn't they?

Tue, 12/24/2013 - 13:00 | 4273447 Nostradumbass
Nostradumbass's picture

Hey DoChen,

Look at this alternative to keeping all of it with you:

https://www.silverbullion.com.sg/

 

Also, I have purchased a book on goldsmithing and perhaps will fashion some my coins into jewelry to wear while traveling. Some nice, heavy 24k bracelets, necklaces etc. should pass the confiscatory gauntlet I'd think.

Tue, 12/24/2013 - 02:07 | 4272793 Zero Debt
Zero Debt's picture

Traditional cooking?

Tue, 12/24/2013 - 04:42 | 4272916 OldPhart
OldPhart's picture

Last time I had to fly they put me into a scanner where I gave double birds as the thing went around.  They pulled me out and said I had something in my pocket.  Forgot I had three silver eagles there.

TSA lady asked what they were and I told her.

Tue, 12/24/2013 - 06:03 | 4272953 Bohm Squad
Bohm Squad's picture

One night at pool league I used my eagle to flip to see which team would put up first...out of the 8 or so people standing around the table...and after the loud thump from the coin landing on it...I got a bunch of "what is that" and only one girl grabbed for it and said, "I'll take that".  :)

 

I slapped her hand.

 

I'm convinced the majority of people still don't know what a silver coin is.

Tue, 12/24/2013 - 06:09 | 4272955 OldPhart
OldPhart's picture

Went to a $0.99 store around here...bought a thing that cost $0.99, gave the clerk two dollars and she made change (California Sales Tax on it).  She gave me a silver dime in the change.

I told her this dime is worth more than this thing I bought.  She looked at me like I was crazy.  She asked to see it and I handed it back, hoping she would swap it.  Nope, she was too dumb.  She shrugged and handed it back.

Tue, 12/24/2013 - 13:37 | 4273526 DoChenRollingBearing
DoChenRollingBearing's picture

In the past 2 - 3 years I have gotten a Buffalo Nickel in change from Barnes & Noble (when I told the clerk what she had given me, the poor thing looked at me (worried) and asked if she should call the Manager...) and a 1964 quarter (given in change at the tourist shopping port in Cozumel, MEXICO  -- yes, the No. 1 producer of silver in the world).  

Silver was then worth about $40/oz, so that quarter was worth some $8, I almost spent that much on the cruise ship's LOUSY & EXPENSIVE internet service checking the value of the coin...

Tue, 12/24/2013 - 00:18 | 4272623 disabledvet
disabledvet's picture

volume wise that's only 52 cubic centimeters as gold is quite heavy. http://www.traditionaloven.com/metal/precious-metals/gold/convert-kilogr... sounds like a lot but certainly isn't "visually." https://www.google.com/search?q=1+kilo+gold+necklace&rlz=1T4TSNO_enUS457...

Tue, 12/24/2013 - 00:22 | 4272633 Colonel Klink
Colonel Klink's picture

Such a small volume, it sounds like it'd fit right up one's ass!

Long gold buttplugs!

Tue, 12/24/2013 - 02:51 | 4272838 Midas
Midas's picture

Which definition of "long" are you using there?

Tue, 12/24/2013 - 03:16 | 4272862 Colonel Klink
Colonel Klink's picture

Hahaha, yeah I was going to clarify that one.  Long in the sense of investing. 

Can't speak from experience but I'd imagine not too long the the physical sense but something you'll definitely want a taper.

This may help too:

http://www.youtube.com/watch?v=olEoc_1ZkfA

Tue, 12/24/2013 - 00:21 | 4272630 monad
Tue, 12/24/2013 - 00:24 | 4272631 Hulk
Hulk's picture

80 kg of Au on these dubai flights, anyone want to join me in a good old fashioned hijacking ???

just remember to arch your backs hard when we exit the plane, jet wash is a bitch !!!

Tue, 12/24/2013 - 01:17 | 4272733 W74
W74's picture

You just alerted NSA algos to your post by typing Duber and Hycracking in the same sentence.

Tue, 12/24/2013 - 12:44 | 4273421 Hulk
Hulk's picture

Thats Good !!! I'll distract em  while youze guyz get the loot. I'm too old to be DB Coopering out the back of passenger jets anyway!!!

Tue, 12/24/2013 - 00:24 | 4272635 Goldilocks
Goldilocks's picture

if "It’s not illegal." ...why are they called  smugglers?

"Smugglers smile as NRI carriers bring gold into country legally"
http://articles.timesofindia.indiatimes.com/2013-12-22/india/45473352_1_...

...oxymoron much?

Tue, 12/24/2013 - 01:19 | 4272734 Rusty Shorts
Rusty Shorts's picture

LOL, exactly ...I like the way you think

Tue, 12/24/2013 - 13:08 | 4273457 Nostradumbass
Nostradumbass's picture

Exactly.

Like "truthers", "conspiracy theorists", "tenthers" etc. Slowly changing minds through disinfo.

Tue, 12/24/2013 - 00:29 | 4272647 Peter Pan
Peter Pan's picture

Shit, there was more gold on that flight than the JP Morgan vault and possibly Fort Knox.

Tue, 12/24/2013 - 00:31 | 4272650 Colonel Klink
Colonel Klink's picture

There was more gold on that flight than Germany has seen for the first installment over the next 7 years!

Tue, 12/24/2013 - 12:38 | 4273410 youngman
youngman's picture

There is more gold on a flight from NYC to Miami in the winter with the snow bird clan on the move

Tue, 12/24/2013 - 00:33 | 4272656 Bay of Pigs
Bay of Pigs's picture

And here in West, nothing but uber negative sentiment and endless propaganda and lies that the Golden Bull market is dead worldwide.

Myopic, narrow minded, shortsighted, unenlightend bullshit brought to you 24/7 by the MSM, FED, Wall St and US.gov.

Tue, 12/24/2013 - 00:40 | 4272666 Colonel Klink
Colonel Klink's picture

Because in 'Murika their gaming system is worth it's weight in gold.

:vomit:

Tue, 12/24/2013 - 00:42 | 4272674 Hulk
Hulk's picture

and it will end badly...

Tue, 12/24/2013 - 00:48 | 4272678 Colonel Klink
Colonel Klink's picture

Only for those too ignorant to prepare!

Now SMASH, Hulk!

Tue, 12/24/2013 - 00:51 | 4272683 Hulk
Hulk's picture

Just drop me on the fed building and I'll get to work !!!

Tue, 12/24/2013 - 00:52 | 4272685 Colonel Klink
Colonel Klink's picture

Ahhhh, one can dream, can't we!

Tue, 12/24/2013 - 02:08 | 4272788 DoChenRollingBearing
DoChenRollingBearing's picture

Bay, Hulk, Colonel

Have a slew of greens on me!  It's Christmas!

Tue, 12/24/2013 - 02:15 | 4272801 Colonel Klink
Colonel Klink's picture

Merry Christmas to you and yours DCRB!  Thanks for the greenie, kindly returned.

Tue, 12/24/2013 - 02:32 | 4272819 Hulk
Hulk's picture

Merry Christmas DoChen !!!

Tue, 12/24/2013 - 00:56 | 4272700 PrecipiceWatching
PrecipiceWatching's picture

Hmmmmm....

Ammo.  Check.

Essential consumables. Check.

 

Now, onto Gold or Land?

Land or Gold?

Tue, 12/24/2013 - 14:21 | 4273640 KnightTakesKing
KnightTakesKing's picture

 Now, onto Gold or Land? Land or Gold?

Gold for now. When the true price is reflected in the market, then exchange it for productive land.

Tue, 12/24/2013 - 00:54 | 4272690 Hulk
Hulk's picture

Cheap, lying, no-good, rotten, fore-fleshing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shitt he is. Hallelujah. Holy shit. Where's the Tylenol?

BOP rant completed courtesy of Clark Griswold...

Tue, 12/24/2013 - 00:36 | 4272661 JustObserving
JustObserving's picture

You need at least 5 kg of gold to weave a shirt of gold.  So 80 passengers bring enough for just 16 shirts.

A nation of 1.2 billion needs at least a few thousand gold shirts. India needs more flights to Dubai.

Tue, 12/24/2013 - 00:44 | 4272673 mt paul
mt paul's picture

a kilo here

a kilo there

 

after awhile

it adds up...

Tue, 12/24/2013 - 06:45 | 4272970 lakecity55
lakecity55's picture

"Meanwhile, in Hoodville, USA, a truckload of AIr Jordans was hijacked Tuesday. Despite high taxation, Air Jordans continue to flood into the Hood."

Tue, 12/24/2013 - 00:44 | 4272677 kchrisc
kchrisc's picture

Think about ii, we now live in a world where it's illegal to carry gold or spend ones own money without creating a paper trail.

 

"Communism and fascism lie on opposite sides of a Möbius strip."

Tue, 12/24/2013 - 01:37 | 4272754 cherry picker
cherry picker's picture

So that is the real reason they performed the cavity search on the Indian diplomant.  I thought it was because she had a switchblade or ak-47 inside of her after lying to immigration about her wages to her domestic.

Tue, 12/24/2013 - 11:46 | 4273319 drdolittle
drdolittle's picture

yeah why are they pissing off the indians. Their's a billion of them right between pakistan and china. Good cannon fodder.

Tue, 12/24/2013 - 04:21 | 4272905 Svendblaaskaeg
Svendblaaskaeg's picture

"Communism and fascism lie on opposite sides of a Möbius strip."

Beautiful, thanks!

Tue, 12/24/2013 - 07:20 | 4272989 The man with po...
The man with pointy horns's picture

Technically a Möbius strip has only one side.

Tue, 12/24/2013 - 15:16 | 4273736 kchrisc
kchrisc's picture

Yup.

Tue, 12/24/2013 - 19:49 | 4274280 MeelionDollerBogus
MeelionDollerBogus's picture

Ya, that's the point of the joke.
It was much funnier when you pointed out this particular facet that I'm sure no one else noticed.
ha-ha. I'm laughing a lot now. El oh El.
Thanks.

Tue, 12/24/2013 - 00:55 | 4272695 indio007
indio007's picture

BIS ownz u India! 

Tue, 12/24/2013 - 00:56 | 4272698 Rukeysers Ghost
Rukeysers Ghost's picture

People who pay a duty of Rs 2.7 lakh per kg in Dubai still stand to gain at least Rs 75,000 per kg,

 

Wow. Big deal. The way this is written, one would think that this is a big caper going on here. 75K Rs a kg is about $1210 USD. Thats a total haul of about $97K for the 80 kg load.

 

Now if you can run 3 of these Au planes a day into India for a month, you really got something.

Tue, 12/24/2013 - 01:10 | 4272724 W74
W74's picture

$1210 in India gets you....a lot of fucking rice to live on.  That's a month's rent around here.  How much does a 5x5 in India cost? 

Just having $1210 in India as total net worth probably puts a family into the top 20%.

Tue, 12/24/2013 - 01:12 | 4272726 Bay of Pigs
Bay of Pigs's picture

Is the headline wrong? A kilo has 32oz. Times 80? That's millions of dollars in gold.

Tue, 12/24/2013 - 01:34 | 4272749 Colonel Klink
Colonel Klink's picture

Correct but may I add 1 kilo has 32 Troy ounces.  It's just over 35 us oz.  There is that fine distinction, pun not intended but works well.

Tue, 12/24/2013 - 01:56 | 4272783 MontgomeryScott
MontgomeryScott's picture

May I add:

YOU, sir, are a fine continental arbiter of all things METRIC!

Tue, 12/24/2013 - 01:53 | 4272774 MontgomeryScott
MontgomeryScott's picture

According to my older mathematic calculations on the old 'triple-beam' scales, a kilogram is one thousand grams, and an ounce is 28.37 grams (or something). 16 ounces in a pound, as I recall, as well (I damned well should, I made my living this way at one time!).

A Kilo was supposedly about 2.34 pounds, I seem to recall those (who did this shit) telling me. I just now looked this conversion up:

1kg = 2lb 3.2740oz

SHIT, those fucking bastards SHORTED ME!

Aw, it's all right, I suppose. I never stepped on it, anyway...

Tue, 12/24/2013 - 02:18 | 4272804 Colonel Klink
Colonel Klink's picture

Different "precious" items you were weighing.  PM's are Troy!

Ahhhh, the good ole triple beam!  The memories.  And I believe a kilo is 2.2 lbs. ;)

Tue, 12/24/2013 - 07:59 | 4273027 spentCartridge
spentCartridge's picture

Once upon a time, I used triple beam scales to weigh wool.

 

The calculation we used to convert KG to Lbs was : 1 KG = 2.2046 Lbs

Tue, 12/24/2013 - 19:47 | 4274283 MeelionDollerBogus
MeelionDollerBogus's picture

5760 grains = 1 troy pound; 480 grains = 1 troy oz
metric: 1 kg = 32.1507466  troy ounces, or 31.1034768 grams = 1 troy oz
https://www.google.com/search?q=1+kg+in+troy+ounces

Tue, 12/24/2013 - 01:31 | 4272746 MontgomeryScott
MontgomeryScott's picture

AIR fucking AMERICA!

Three a MONTH? We're talking three a bloody HOUR, you silly, silly, SILLY old man!

http://www.youtube.com/watch?v=e84ZLDo948U

Boy, the way Glen Miller played...songs that made the 'Hit Parade'...

http://www.youtube.com/watch?v=1F9vRVyV914

The 'La Salle' was actually a really shitty car, however....it didn't 'run great', as 'Edith' enunciated...

The idea HERE, you snarky twit, is that there are NO DUTIES, either collected, imposted, or otherwise COLLECTED...AND, if the average airline population on an old 737 can smuggle the Au IN without these 'duties' or 'imposts', how much easier would it be to fuck YOUR 'government taxation' by simply airdropping the stuff (or bringing it in on camels or something)?

Frikking AIR AMERICA worked really WELL, you know (back before the Iran/Contra stuff)...

Tue, 12/24/2013 - 02:22 | 4272806 Rukeysers Ghost
Rukeysers Ghost's picture

Three a MONTH? We're talking three a bloody HOUR, you silly, silly, SILLY old man!

 

Come on now. I said three planes a day. You don't want to be too obvious about it. That will give you $8 mill a month after you pay off all the assorted sub inspectors and various govt' beadles that need to look the other way.

Tue, 12/24/2013 - 01:54 | 4272776 Quaderratic Probing
Quaderratic Probing's picture

Hmmm Had Gold then sold Gold for Money, isn't the premise must get Gold?

Tue, 12/24/2013 - 08:01 | 4273028 GetZeeGold
GetZeeGold's picture

 

 

What form of money did you sell it for?

Tue, 12/24/2013 - 09:45 | 4273116 Quaderratic Probing
Quaderratic Probing's picture

Doesn't matter for everyone who buys gold someone gave it to them in trade for profit in paper

Tue, 12/24/2013 - 19:51 | 4274290 MeelionDollerBogus
MeelionDollerBogus's picture

considering what one dollar buys in India having 1200 dollars extra in your pocket for 1 kg and that's PER passenger is not a bad deal if you were making the trip anyhow to do something completely legal.
Just imagine you were able to get 1200$ extra, or 1210 let's call it, for a flight back home and you were going anyways.
You'd turn it down, right? You'd laugh at how small a pittance it is, right?

Tue, 12/24/2013 - 01:07 | 4272716 MontgomeryScott
MontgomeryScott's picture

In a related news story:

'Of the 150 troops deplaning at Burbleson Air Force base in Obamistan, Arkansas after their tour of duty in Afghanistan (the official 57'th variety State of the HEINZ/CONUS), 147 of them were found to have been carrying at least one kilogram of Opium, most within baggies stuffed in their rectums, according to chief flight surgeon Benjamin Shalom Napolitano-Holder (no relation to head-ass Bitch-in-charge Reno-Yellen-For-Moar).'

'Some of the troops complained when given repeated enemas; but at least three that I spoke to complained that these "debreifing sessions" were not long enough, and one spoke of a television show called 'Dynasty of the Ducks' or something, voiceferously stating that 'the boys in SoHo will be disappointed', as he pulled up his depends undergarment.'

'The Choomster-in-chief of Burbleson AFB, Lt.Cmdr. Barry Strangelove, immediately called for a drone strike of India, Uzbeckistan, and (in his words) 'whatever terrorist threat targets I can think up after I contact my advisors in the Pentagram, Haifa, Geneva, or other important-sounding city names, who are privy to this news because they watch CNN'.

'Back to you, you big-titted co-anchor! (Insert plausible, subtle girlish giggle here) Say, how's the weather in Hawaii, anyway?' (inserted forced humor; and bullshit bantor ensues...)

Tue, 12/24/2013 - 01:10 | 4272721 Catullus
Catullus's picture

When I went to india, I noticed a lot of signs for "gold loans". I think means gold used as collateral for consumer loans.

http://www.hdfcbank.com/personal/products/loans/gold-loan

When people ask me what I'm going to do with all my gold and silver ("what are you going to do? Sell it?), I tell them it's going to be used as collateral for loans again. They don't believe me, but such is life when you live in a country with the reserve currency.

Tue, 12/24/2013 - 19:54 | 4274291 MeelionDollerBogus
MeelionDollerBogus's picture

interesting.
I never thought of that before. The loan is securitized therefore if I do this & default I lose the gold. But if in the new exchange era the amount of new currency units is a desired amount or higher, as with a sale/trade, I could in theory a) get the gold back, if I choose to follow through on the terms, or I could b) default on the loan, lose the collateral, but have all the tangibles I want as a result of the borrowed new currency units.
Various conditions could make that strategy ideal or not ideal but now I'm aware of it I think I'll keep it in mind - just in case.
Thanks.

Tue, 12/24/2013 - 01:30 | 4272748 The Wisp
The Wisp's picture

The first question that comes to my mind.. is ok they were carrying  1 kilo legally.. come on folks they're smugglers.  how much more did they sneak in and who are they paying off.

Tue, 12/24/2013 - 02:08 | 4272786 MontgomeryScott
MontgomeryScott's picture

SMUGGLING LEGAL TENDER!

Those Bastiches!

How DARE they actually OWN 'ILLEGAL MONEY'?

The DOWNARROW, of course, is from ME, you bankster globalist statist FUCKIST!

To THINK, the SHEER AUDACITY, of those 'peasants': the very IDEA that THEY could hold what YOU wish to control?

HOW DARE THEY!!!

Tue, 12/24/2013 - 01:43 | 4272760 reader2010
reader2010's picture

the civilized westerners do the insider trading, aka HFT,  to get much richer in computer digits while the unwashed Asians still believe in the tradtion that only gold is the real money. 

Tue, 12/24/2013 - 02:13 | 4272795 MontgomeryScott
MontgomeryScott's picture

In 3, 2, 1...

BITKON!

(Sirry Westedners...)

Tue, 12/24/2013 - 01:47 | 4272764 natty light
natty light's picture

I think a great idea would be for residents of the couple hundred thousand villages of rural India to start using physical copper coins for daily transactions. Hard non-fiat for small-scale trading based on owned wealth not debt.

Tue, 12/24/2013 - 02:48 | 4272821 MontgomeryScott
MontgomeryScott's picture

A short history lesson for your proposal:

Way back in the age of Iron Horses and Men Of Steel, right after the invention of the reciprocating steam engine in the 'modern era', there were a group of so-called 'artisans' (who later devolved in to what is now known as the 'plumbers' guilds'). Anyway, they used to go on horseback from village to village, offering to the wives of the men who made money, the skills involving the repair of pots. The pots, you understand, weren't tempered, and had to heat their foodstuffs by being suspended over crude wood fires...which would eventually carbonize the material, leading to holes.

ANYWAY, they would offer their metallurgical services, using the newly-found skill of 'soldering', and the material they used was a newly-refined gut-rock called 'copper'. Skilfully, and with much care, they would coat the bottoms of said pots of the richer wives, with this 'new' metal, which resisted carbon fires quite handily....

They made a great deal of gold and silver coin by their magical skills, until; one day, the 'market' for copper was overtaken by some individuals who also happened to be trying to overtake the other metals markets.

Soon, the price of copper was artificially driven skywards, and the costs of doing business were almost too much to bear for these skilled craftsmen; and a 'price war' ensued, where the larger players sold their services for less than the cost (just to stay in business).

The 'Coppers' used to call their 'refurbishments' of these pots a 'dam' (as in, a 'dam' to keep the water in, and the food cooking).

When the price dropped dramatically for their services, people used to make fun of what was once a needful thing, by stating that 'I won't give a Copper's dam' (when referring to things that they were conned in to caring about, like the price of tea in China [a whole other subject altogether]).

SOON, the spelling was changed by those who told others 'how to spell', and the idea of a 'metal' was also dropped by the SAME ones, and the expression became, 'I don't give a Damn!.

In the meantime, the value of the lowest denominator in the Continental United States was a 'penny', and it was now being minted in COPPER (Hence, the restaurant chain in the CONUS, named 'Copper Penny', denoting the CHEAPEAST FOOD AVAILABLE).

 

History is SO MUCH FUN, isn't it?

You want people in INDIA to use fucking COPPER as their 'basic monetary system'?

REALLY? Are you so CRASS as this?

Tue, 12/24/2013 - 07:19 | 4272992 groundedkiwi
groundedkiwi's picture

India has many means of exchange, as well as many different languages.

Tue, 12/24/2013 - 19:55 | 4274294 MeelionDollerBogus
MeelionDollerBogus's picture

despite your history lesson, which sounds questionable, haven't you noticed the value of copper INCREASING? Not only do we use it more (higher utility) than in the past but its fiat-value keeps rising too, as it's a useful tangible vs a nearly useless fiat.

Tue, 12/24/2013 - 01:52 | 4272768 Shrapnel
Shrapnel's picture

Just like with firearms, those who are intent on doing something are not about to let some corrupt government stop them. People will either adapt, or find another way.

Tue, 12/24/2013 - 02:27 | 4272813 cherry picker
cherry picker's picture

It just goes to show you no one owns anything on this planet.

There is nothing that cant be taken from you, including your life.

When we finally realize that there is no such thing as ownership, maybe we can start evolving and maybe enjoy the liberty and pursuit of happiness.

Tue, 12/24/2013 - 02:44 | 4272830 W74
W74's picture

Now get off my Lawn.

Do NOT follow this link or you will be banned from the site!