This page has been archived and commenting is disabled.

It's Time To Get Your Gold Out Of The U.S.

Tyler Durden's picture




 

Submitted by Ted Baumann via TheSovereignInvestor.com,

Most of us remember cowboy movies in which a lonesome desperado acquires a sack of gold coins that everyone else wants. It’s a thankless task that typically doesn’t end well.

I vividly recall the final scene from Sergio Leone’s The Good, the Bad and the Ugly, in which a long rifle shot from Blondie (Clint Eastwood) severs the hangman’s noose holding Tuco (Eli Wallach), sending him face-first into a pile of gold coins. It’s still memorable even after I learned it was filmed in the Spanish plateau region of Burgos, not the U.S. Southwest.

Besides reminding us that gold has always been a much sought-after commodity, The Good, the Bad and the Ugly’s multinational production process illustrates another key principle of the modern economy: People move around a lot when they’re making money.

And that creates the perfect opportunity for governments to get their greedy hands on your gold.

Traveling With Gold

Let’s start with a review of U.S. rules regarding the importation and exportation of gold bullion, whether in bar or coin form:

There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer. Please note a FinCEN 105 form must be completed at the time of entry for monetary instruments over $10,000. This includes currency, i.e. gold coins, valued over $10,000. The FinCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.

Note the specific definition of “currency” here. These rules only apply to gold coins that can be used as currency. Taking collectible (numismatic) coins out of the U.S. requires that you submit Electronic Export Information (EEI) to the Census Bureau, ostensibly to help compile U.S. export and trade statistics. This form is actually required for any exported commodity, including gold, with a value exceeding $2,500. There are similar rules regarding jewelry.

Global Gold Crackdown?

Most foreign countries have similar regulations concerning the import and export of gold bullion and collectible coins. These regulations tend to track U.S. rules closely, and generally, as long as people follow them, there isn’t much friction over international travel with precious metals.

Recently, however, I’ve been hearing reports that some foreign countries are starting to ask more questions, and require more searches, when someone declares that they are transporting gold or other precious-metal coins. For example, some countries in Latin America — including financial basket-case Argentina — are reportedly quite interested in any unusual coins you’re carrying — even if they’re under the limits and therefore not declarable. Seeing them in an X-ray of your bag may be enough to trigger a search and interrogation.

Then there are increasing reports that many banks around the world are beginning to amend their contracts to prevent clients from storing currency and precious metals in safe-deposit boxes, or stating that they will not be responsible for them if they are kept there. For example, Chase Bank recently started a pilot program to this effect in Cleveland, prior to rolling it out nationally.

What’s going on? My guess is that the U.S. and other governments are starting to put in place the elements of a capital controls system. We already know that the Foreign Account Tax Compliance Act (FATCA) is building the infrastructure for capital controls in banking. That leaves cash and precious metals as the two remaining methods to transport value physically. Transporting large amounts of cash is already heavily regulated, leaving one more — gold and other precious metals. It’s not paranoid at all to think that the U.S. government is quietly working with other customs agencies to increase “awareness” of the gold-movement “problem.”

The Only Problem Is Government

Of course, traveling with gold is a “problem” made by governments. If they behaved responsibly, let economic processes take their course instead of propping up big banks, and treated their citizens with respect, there would be no problem at all.

If you plan to carry any gold or silver currency or collectible coins out of the U.S. — why bring them back in? — my advice is to contact the nearest office of the U.S. Customs and Border Protection Agency and explain what you plan to do.  Ask them to explain in writing how you can conform to the law. You can show the written response if questioned by CBP agents, who may not know the rules. Also keep handy any customs paperwork from other countries, as well as a proof of purchase or bill of sale.

Tuco

 

Remember, traveling with gold isn’t illegal. There’s no reason to end up like Tuco, who just wanted to get away with his gold.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 09/30/2015 - 19:01 | 6613500 zorba THE GREEK
zorba THE GREEK's picture

It's time to trade your gold for silver

Wed, 09/30/2015 - 19:06 | 6613507 Looney
Looney's picture

Do I have to declare my CHOCOLATE Golden Eagles every time I cross the Mason-Dixon line? ;-)

Looney

Wed, 09/30/2015 - 19:10 | 6613525 stant
stant's picture

You shouldn't be goin up thaya anyways , terrist might getcha. Cause nobody likes them anymore

Wed, 09/30/2015 - 20:54 | 6613882 Divine Wind
Divine Wind's picture

 

 

 

Sorry, but my stacks, sizable as they are, are staying put.

If I am unable to trust U.S. authorities, all others around the world are highly suspect.

If things get bad enough that I am unable to convert them to FRNs as needed, or they are unacceptable to
otherwise settle accounts in private, then the situation overseas is going to be many times worse.

Wed, 09/30/2015 - 21:42 | 6614055 38BWD22
38BWD22's picture

 

 

The best time to get some of your gold out of America was 10 years ago.  Before all the .gov paranoia started.

Thu, 10/01/2015 - 00:29 | 6614528 conscious being
conscious being's picture

Hey ZHedgies, important point the author left out. I think the bullion has to be the 24k 99.9...% variety. Otherwise there are taxes.

Thu, 10/01/2015 - 04:43 | 6614755 Squid-puppets a...
Squid-puppets a-go-go's picture

this 'clampdown' isnt new news. 2 years ago i shopped around australia's 'big 4 banks' for a safety deposit box service. most of them said 'we have safety boxes for rent but but rules are no bullion'

??

i was like what effing business is it of yours what i put in there?

Sun, 10/04/2015 - 14:12 | 6628637 Flagit
Flagit's picture

no one gives a fuck what you think. grow up, conscious cunt

Thu, 10/01/2015 - 01:55 | 6614624 uhland62
uhland62's picture

Didn't quite work for the German government gold. They have ben trying to repatriate it but snatching it from Uncle Sam's clutches is close to impossible.  Very sus. Now I will read up on the late Herr Missfelder.

Thu, 10/01/2015 - 01:56 | 6614626 JustUsChickensHere
JustUsChickensHere's picture

DCRB.... you could mention the hated B word (B..coin) .... a great way to shift your physical.

Sell Gold->BTC in USA .... Sell BTC->Gold in target country - ok. some exchange risk, (which can go either way), ... but no risk of having the physical confiscated.  Counter party risk with the gold dealers too, and only suitable for small amounts.

Wed, 09/30/2015 - 20:57 | 6613888 Theosebes Goodfellow
Theosebes Goodfellow's picture

~"My guess is that the U.S. and other governments are starting to put in place the elements of a capital controls system."~

Dude, like seriously? Where the hell have you been the last eight years? The fascist state is here already. And why do you think your PMs will fair better overseas AND the US government won't know about it?

Get hip. Take a kindly tip: Spend more quality time with your PMs on local waterways in watercraft of questionable quality. I can't tell you how tragic this particular activity has been for me. It's just heartbreaking, simply heartbreaking I tell you.

Thu, 10/01/2015 - 03:09 | 6614686 ConfederateH
ConfederateH's picture

Other countries are laxer about AML limits, receipts, and have no capital gains tax.

What is clear is that many of these the ZH'ers are hopelessly stuck in the USA rah rah paradym.  The US is turning into a ZOG prison at the fastest rate on the planet.  You ZH'ers really ought to get outside of the US a little more, because there are still a few countries on the planet not totally under ZOG like the US. 

Thu, 10/01/2015 - 16:05 | 6617521 Theosebes Goodfellow
Theosebes Goodfellow's picture

Because in America we have the one right that protects all others, which many, if not most, other nations have taken away from their citizens, namely the right to bear arms. Trust me, if things get egregious here, there still remains a methodology to set them aright again. That's why we are "stuck in the USA rah rah paradym(sic)." "Without the second, (Amendment), you can't keep the rest."

That's why.

Wed, 09/30/2015 - 20:23 | 6613757 remain calm
remain calm's picture

Only if Oprah becomes president. 

Thu, 10/01/2015 - 07:28 | 6614945 MFL8240
MFL8240's picture

 

Not sure who wrote this article but the information is incorrect: Found this from a reputable transporter!  Appears to be more of the Sovereign opportunists scare Americans propaganda!

".....One-ounce gold eagles are legal tender, but they don’t circulate and they’re not customarily used as a medium of exchange in the United States. Therefore, they're not considered currency and need not be reported on the CMIR".

Wed, 09/30/2015 - 19:44 | 6613643 junction
junction's picture

"Asset Forfeiture" are the two words now that are the motivating force of customs police everywhere regarding gold.  When thieves run the government, anything goes.  The $10,000 threshold for reporting money or goods you are carrying out the country hasn't changed in some 30 years.  In the aftermath of 9/11, an attack carried out by the Bush family in conjunction with the Saudis and Israelis, the new search procedures made finding seizable "contraband" like gold coins even easier.  Narcotics continued to be shipped by U.S. military and C.I.A. planes by the ton.  The current situation is that almost all policing is targeted at the minnows while the Big Fish ignore the law with impunity.  All of the United States, from degenerate airport screeners and crooked customs agents to backshooting police to wife beating judges, is run just like Ferguson, Missouri. 

Wed, 09/30/2015 - 19:45 | 6613646 lasvegaspersona
lasvegaspersona's picture

...so you can lug around 50 pounds instead of 3/4 pounds???

No one should have to do that...gold, the compact wealth asset...

Wed, 09/30/2015 - 21:31 | 6614006 White Mountains
White Mountains's picture

BitCoin baby! 

Wed, 09/30/2015 - 22:04 | 6614130 F22
F22's picture

Vice versa dude....

(Vee-chay Vehr-suh dood)

Just traded all of my silver for AGE's

Wed, 09/30/2015 - 19:05 | 6613510 mbutler101
mbutler101's picture

Most of us don't have the option to go...we're not going to cut and run. If the ship is going down, we're going down with it and will take our chances.

Wed, 09/30/2015 - 19:18 | 6613554 Keyser
Wed, 09/30/2015 - 19:34 | 6613617 Scooby Dooby Doo
Scooby Dooby Doo's picture

I have a little deal worked out with Tyler. He's going to hide my gold for me in the Swag Store, he said behind the Cigar display is the safest spot.

He said he'll hide my gold for free if I stop complaining about the "double post" feature here on http://www.zerohedge.com

Wed, 09/30/2015 - 20:08 | 6613715 Nobodys Safe
Nobodys Safe's picture

and to take as many motherfuckers as we can with it, especially the ones that are just following orders.

Wed, 09/30/2015 - 19:09 | 6613522 . . . _ _ _ . . .
. . . _ _ _ . . .'s picture

Illegal cash, illegal gold.

Long tattoo parlours and RFID tech.

Wed, 09/30/2015 - 19:13 | 6613534 WTFUD
WTFUD's picture

. . . in a grave marked unknown, next to 'Barry' Stanton.

Wed, 09/30/2015 - 19:18 | 6613539 cowdiddly
cowdiddly's picture

"There is two kinds of people in this world Tuco. Those that have a gun and those who dig. NOW DIG." Clint

ahhhahhhahhhaaaa wah wah whah

Wed, 09/30/2015 - 19:15 | 6613546 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

Tuco Benedito Juan Pacifico Maria Ramirez, known as the Rat.

Wed, 09/30/2015 - 19:24 | 6613569 Pool Shark
Pool Shark's picture

 

 

BLAAAAAAAAAHHHHHHHHHNDYYYYYYY!!!!

 

Wed, 09/30/2015 - 19:41 | 6613639 NoTTD
NoTTD's picture

If you save your breath I fell a man like you can manage it.

Wed, 09/30/2015 - 19:18 | 6613555 Latitude25
Latitude25's picture

I transport my gold on the high seas with lots of fire power.  Unfortunately I keep running into reefs and bad weather and losing everything.

Wed, 09/30/2015 - 20:29 | 6613777 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

what Longitude there champ? I'm an experienced canoe tipper.

Wed, 09/30/2015 - 20:40 | 6613828 Latitude25
Latitude25's picture

23.136295 N, 82.341887 W

Wed, 09/30/2015 - 22:13 | 6614136 Oracle of Kypseli
Oracle of Kypseli's picture

Is that you Pierre Marc?

That's more than 8,00 ft deep and near the Cuban banditos. Not too good area mate 

Wed, 09/30/2015 - 19:19 | 6613557 RabbitChow
RabbitChow's picture

What value? The stated value on the coins? Using the official stated price of $42 an ounce? Spot price? Or something else? I have less than $50 worth,nso no form needs to be filled out...

Wed, 09/30/2015 - 21:46 | 6614070 38BWD22
38BWD22's picture

 

 

Spot price.  Don't play games with Customs.

Or just take out less than $10,000 worth per trip.  If it's more, fill out the form.

Wed, 09/30/2015 - 19:22 | 6613562 Spungo
Spungo's picture

Yeah, I should leave the country with gold in hopes that I can always just fly back to my gold when the shit hits the fan. That makes lots of sense. Idiots.

If I had a few hundred million to protect, then yes I spread it around the globe.

Wed, 09/30/2015 - 20:06 | 6613708 mastersnark
mastersnark's picture

Duh, just bribe your way out of the country with some gold...oh...wait...

Wed, 09/30/2015 - 19:22 | 6613563 Lorca's Novena
Lorca's Novena's picture

Its easy, just make tungsten bars / coins and put your real stuf somewhere else besides the safe. When the idiots at .gov come to get it they will never notice.

Wed, 09/30/2015 - 19:32 | 6613608 Latitude25
Latitude25's picture

Easier to just buy the fake ones on Aliexpress.

Wed, 09/30/2015 - 22:16 | 6614170 Automatic Choke
Automatic Choke's picture

very good idea, actually.  where can i buy some tungsten replicas?

Thu, 10/01/2015 - 00:21 | 6614514 stacking12321
stacking12321's picture

haven't dealt with these guys, but someone else posted a link:

http://www.alibaba.com/product-detail/1-oz-22k-American-gold-eagle_13189...

Thu, 10/01/2015 - 10:05 | 6615636 Al Bendova
Al Bendova's picture

Everyone knows that buying 1 oz Gold Eagles from China is your best value.  What could go wrong?

Thu, 10/01/2015 - 00:23 | 6614519 northern vigor
northern vigor's picture

Ebay has lots....at the real gold price.

Wed, 09/30/2015 - 19:23 | 6613567 divedivedive
divedivedive's picture

I am new to this PM stuff - We are in Texas at the moment and will be returning to Mexico soon. On my list of things to do while we are here was to pick up a pocketful of 1 oz gold coins. How many coins can we bring back and not worry about declaring etc ? Any recommendations in the Austin area ? Thank.

Wed, 09/30/2015 - 19:30 | 6613603 Latitude25
Latitude25's picture

This place is in Shiner TX, not far from Austin.

https://www.texmetals.com/about-texas-precious-metals

Last time I left the US at the Mexican border the US customs never even stopped anyone.  On the Mexican side no one seemed to care about anything except having some papers in order when I got S of the border city.  Legally though $10,000 in any monetary instrument is the limit.

Wed, 09/30/2015 - 19:51 | 6613663 RabbitChow
RabbitChow's picture

How do you value gold though?

Wed, 09/30/2015 - 19:57 | 6613682 Latitude25
Latitude25's picture

$ per ounce unless you feel lucky that customs agents will be stupid.

Wed, 09/30/2015 - 20:49 | 6613865 jakesdad
jakesdad's picture

"unless you feel lucky that customs agents will be stupid"

 

that's pretty much a given - the question will be whether it will favorable or not to you...

Wed, 09/30/2015 - 22:11 | 6614156 Oracle of Kypseli
Oracle of Kypseli's picture

Mexico sells gold coins and silver coins and they are much easier to trade them. Why take a chance?

Wed, 09/30/2015 - 20:02 | 6613692 MegaOlmecanManiac
MegaOlmecanManiac's picture

By height.

Wed, 09/30/2015 - 23:10 | 6614351 Not My Real Name
Not My Real Name's picture

American Gold Eagles and Buffalos are legal tender. So, for declaration purposes, a 1 oz. coin is valued at $50. You can carry 199 1 oz eagles or buffs into the country without having to declare them. 

Wed, 09/30/2015 - 19:37 | 6613625 Lorca's Novena
Lorca's Novena's picture

You ever see Pulp Fiction? 

Wed, 09/30/2015 - 19:29 | 6613580 FedFunnyMoney
FedFunnyMoney's picture

A one ounce American gold eagle is only $50. That's the actual dollar value assigned to it.
The rest of the value isn't monetary, as Ben Bernanke himself declared gold is just a commodity. That my sarcastic side coming out, folks.

Wed, 09/30/2015 - 20:57 | 6613895 seek
seek's picture

Just FYI, customs will rape you if you actually try that.

Gold is in a wierd space, which is probably a good thing. It's not considered cash. It's value has to be declared but that's it, so far I've heard of no consequences to leaving/entering with it as long as it's declared properly, though I don't plan to find out personally.

As for the story itself, you'd have to be fucking retarded to "get your gold out of the US" if you're with with your gold. Seriously, if it's not under your direct control and you can't put a bullet within a foot of where it's at with a moment's notice, it's not yours anymore.

Wed, 09/30/2015 - 21:49 | 6614081 38BWD22
38BWD22's picture

 

 

Yes, spot value or you would be in big trouble if over $10,000 worth.

Wed, 09/30/2015 - 19:31 | 6613604 NoTTD
NoTTD's picture

I'm not sure this guy has seen TG, TB, & TU, since the scene he remembers so well never took place.  The shooting of the ropes took place near the start of the movie.  Only sacks of gold are the end.

Wed, 09/30/2015 - 19:55 | 6613678 Womb Service
Womb Service's picture

No. It happens the way the author says. Blondie takes off with the Gold at the end and leaves Tuco hanging, balancing on a grave marker. Some distance away, he turns and shoots the rope to release Tuco.

Wed, 09/30/2015 - 20:04 | 6613703 bluskyes
bluskyes's picture

Old Clint must be pretty strong the way he lifted those bags of gold.

Wed, 09/30/2015 - 22:03 | 6614127 Grouchy Marx
Grouchy Marx's picture

Clint was holding Comex gold.

Poor Clint.

Wed, 09/30/2015 - 19:58 | 6613684 MalteseFalcon
MalteseFalcon's picture

Nope.  At the end of the film, as a "good bye", "Blondie" hangs Tuco and shoots him down one more time.

Wed, 09/30/2015 - 19:32 | 6613611 Hongcha
Hongcha's picture

Two things; if things fall apart you are not going to get over there and get it and if you do you will not get it back into the U.S.  Face value arguments are nil; even the idiot TSA stooges know better than that.

I know the language of the country, know their ways, can conceal myself, know the terrain and can locate work and provisions.  Moreover, [don't discount this advantage guilt-stricken brethren], I have the right skin tone. 

I am hiding out in the U.S.A.

Wed, 09/30/2015 - 22:54 | 6614295 oooBooo
oooBooo's picture

Indeed. The devil you know is much easier to evade.

I never understood the 'put your wealth in a foreign country' thing. As if those governments were any less theft prone or didn't roll over for fedgov. So put money in another country and now failure to file some form correctly allows fedgov to take it all, put penalties on top of that, and maybe prison time all to the cheers of your neighbors. If fedgov busts into homes stealling stuff it has a much greater battle winning the neighbors' support. The neighbors can rightfully feel they will be next. 

Thu, 10/01/2015 - 00:34 | 6614542 stacking12321
stacking12321's picture

that's not quite right.

there's many ways to put wealth in a foreign country, such as gold, land, art, even cash, without having it in a financial account and thereby triggering FATCA reporting requirements.

as far as other governments less corrupt or less prone to stealing it - that's not the motivation for having wealth overseas. the motivation is that if (when) things seriously go south in the ussa, that you'll have some assets outside the country that you can flee to, if needed.

Thu, 10/01/2015 - 01:53 | 6614621 Bananamerican
Bananamerican's picture

"...I have the right skin tone. "

Right on brutha!

Thu, 10/01/2015 - 06:12 | 6614828 Flankspeed60
Flankspeed60's picture

My ancestors settled in the Virginias 140 years before there was a 'USA.' I sure as F**k have no intention of leaving this country just because a criminal sodomist and a cadre of thugs, foreign and domestic, permanently occupy DC. With the advantage of several hundred thousand square miles to move about, Malon Labe.

Wed, 09/30/2015 - 19:40 | 6613636 trying to make ...
trying to make sense of it all's picture

I'm passing on my gold to my five grandchildren. 6 years old and younger. Can anyone help me with what I tell at least the 6 year old on why it's a very important gift?

Wed, 09/30/2015 - 20:02 | 6613694 bluskyes
bluskyes's picture

Some day you may need to give some to men in exchange for your life? Work it in to your family history if any of your ancestors fled a war, or hyperinflation.

Wed, 09/30/2015 - 23:05 | 6614322 WTFMOFO
WTFMOFO's picture

Tell um' because when you were back in Nam and was captured as a POW you had to hide those unbareble hunks of metal up your ass for 5 years to keep the gooks from finding um'

Then just hand um' to um.  

Thu, 10/01/2015 - 00:18 | 6614511 northern vigor
northern vigor's picture

Six year olds are pretty smart...smarter than the fed. You may have to twist this to make it work with gold, but this is how I explain the value of silver to kids.

Give them a 1960 real silver quarter, and explain it would  buy five  chocolate bars in 1960.

Then give them a 2015 quarter and explain it would buy today...perhaps one quarter of one chocolate bar.

Then tell them that the 1960 quarter will still buy five chocolate bars today.

I use this to help adults understand it also...but the kids are quicker.

 

 

Thu, 10/01/2015 - 00:40 | 6614547 stacking12321
stacking12321's picture

.

Wed, 09/30/2015 - 19:40 | 6613637 WFO
WFO's picture

Unless you live overseas, why would you need to get your gold out of the US, especially if all countries are cracking down or mirroring US "laws"? I can't think of anything dumber than carrying declarable quantities of gold into 3rd world countries. I've traveled in Mexico, Central, and South America, and I can think of several instances where had I been carrying large quantities of untracable wealth, I would have been parted with it.

Have these article writers even been through military checkpoints in the middle of nowhere in Latin America? They are a bunch of theives and thugs. You have to bribe them to get through, and that is after they have shaken you down. The US consulate in Oaxaca told me the best way to ease through military checkpoints was to have a Playboy magazine and a pack of Malboro in plain site - offer to let them look at the mag for a minute and give them a few cigs. They will always accept the offer to look at naked women, or they will be suspected of being gay! It's the macho code. And they wave you on.

Bury your gold if you are scared. 

Thu, 10/01/2015 - 00:44 | 6614557 conscious being
conscious being's picture

This all countries are cracking down meme is bs. For some places, enabling real money is a feature, a selling point and the inhabitants would never have it any other way.

Sun, 10/04/2015 - 14:12 | 6628636 Flagit
Flagit's picture

no one gives a fuck what you think. grow up, conscious cunt

Wed, 09/30/2015 - 19:44 | 6613644 SILVERGEDDON
SILVERGEDDON's picture

So, you can roll 199 of them little bastard $50.00 coins out of country and stay under the 10 K cash cap.

Hmmmm.  

Wed, 09/30/2015 - 21:51 | 6614087 38BWD22
38BWD22's picture

 

 

Nope, Customs uses spot price.  You would be in big trouble playing that game, don't do it.

Wed, 09/30/2015 - 19:48 | 6613654 godiva chocolate
godiva chocolate's picture

Get it out and put it where?

Wed, 09/30/2015 - 20:06 | 6613707 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Bury it on the plot of farmland you bought in the country of your choosing....

Wed, 09/30/2015 - 19:50 | 6613659 runswithscissors
runswithscissors's picture

why may I ask is the government interested in my barbaric relics and pet rocks when they can print as much wealth as they want?

Wed, 09/30/2015 - 19:50 | 6613660 yogibear
yogibear's picture

LOL, the COMEX issues over 200 ounces paper for every ounce of physical?

Surprised big players aren't trying to blow up the COMEX.

Thu, 10/01/2015 - 00:53 | 6614574 conscious being
conscious being's picture

Surprised? Yogi, that's been tried already. The first solution was to offer payouts in FRNs. Then, punters started demanding premiums for what amounted to defaults. When people piled in to get in line for the premiums, they killed off one of the major dealers MFGlobal (MFG), who held the claims for their clients, co-mingling funds as it went down to vaporize the clients' original cash investments.

Then, just to make the point abundantly clear, a few months later, they did the same thing with PFG. So, no salvation in that direction.

In the meantime, Free Jon Corzine!

Sun, 10/04/2015 - 14:11 | 6628633 Flagit
Flagit's picture

no one gives a fuck what you think. grow up, conscious cunt

Wed, 09/30/2015 - 19:54 | 6613672 Big Corked Boots
Big Corked Boots's picture

I was expecting to see a Simon Black byline.

Wed, 09/30/2015 - 19:55 | 6613675 SgtShaftoe
SgtShaftoe's picture

Bitcoin for international transactions and money wires, gold for store of wealth.  There, problem solved. 

Wed, 09/30/2015 - 20:05 | 6613706 Scooby Dooby Doo
Scooby Dooby Doo's picture

Are you nuts? If you're going to use crypto you have to use RScoin. It's centrally bank'd! More better.

http://arxiv.org/abs/1505.06895

[and the ZH crowd cheers for more]

Wed, 09/30/2015 - 21:53 | 6614093 38BWD22
38BWD22's picture

 

 

SgtShaftoe

Sure, if the country where you are going has adequate places to spend or convert your BTC.

+ 1

Wed, 09/30/2015 - 20:03 | 6613699 Latitude25
Latitude25's picture

Look at these 2 charts of gold and silver price for today.

http://goldprice.org/

Big price spike in silver around 10:00 AM but not much of anything happened to gold at the same time.  Anyone care to explain this anomaly?

Wed, 09/30/2015 - 20:06 | 6613709 opaopaopa
opaopaopa's picture

The question is where you're gonna go?

Thu, 10/01/2015 - 05:20 | 6614581 conscious being
conscious being's picture

.

Sun, 10/04/2015 - 14:10 | 6628628 Flagit
Flagit's picture

no one gives a fuck what you think. grow up, conscious cunt

Wed, 09/30/2015 - 20:09 | 6613719 Bemused Observer
Bemused Observer's picture

If things are so bad that you find yourself having these concerns, then it probably isn't safe to be traveling period. If you aren't in imminent danger, just hole up and lay low. AVOID roads and border crossings and large groups.

As to having your gold, or anything else, held in a foreign country for later retrieval, well, bless your heart. I sure hope it works out that way for you, I really do. My own preference is to keep mine a little bit closer at hand...like IN my hand. But that's just me...

But really, if you are here in the West when things get that bad, you already ARE where you'd want to be going, so chill. Conditions just about anywhere else are going to be significantly worse, and you have the disadvantage of not being native and familiar with the area.

Wed, 09/30/2015 - 20:16 | 6613735 mastersnark
mastersnark's picture

If you are dumb enough to openly carry gold across the US border, you deserve everything that happens to you.

Thu, 10/01/2015 - 01:04 | 6614584 conscious being
conscious being's picture

Right. If your plan is to get out, while the window is still open, why not wire transfer and then buy what you want when you get there?

Sun, 10/04/2015 - 14:10 | 6628630 Flagit
Flagit's picture

no one gives a fuck what you think. grow up, conscious cunt

Wed, 09/30/2015 - 20:33 | 6613795 redbird
redbird's picture

Latitude25:  It was a glitch in the matrix.  Don't worry, it'll be reversed if Goldman was on the wrong end.

Wed, 09/30/2015 - 20:39 | 6613822 Atomizer
Atomizer's picture

Midnight gardening. Good luck finding the pot of gold fucksticks. 

Wed, 09/30/2015 - 21:31 | 6614008 Zero-Hegemon
Zero-Hegemon's picture

I've seen gold coins and bars, but never heard of gold fucksticks, must be new

Wed, 09/30/2015 - 20:40 | 6613823 Peak Finance
Peak Finance's picture

Being serious here, I thought you can turn your gold into 1/10 eagles and sew them into your cloths, I have a woven leather belt that can fit many 1/4 eagles in it sideways,  1oz in heels of boots, etc. Or do you go through a metal dector now at the border? I know forget airplanes and ships you have to pass through metal dectors but not Canada / Mexico border. 

Wed, 09/30/2015 - 20:48 | 6613858 PrimalScream
PrimalScream's picture

You better think about moving to a country with a system of LAWS, if you plan to do this.  Just sayin'  !!!  What rights do US citizens have to reclaim property in foreign countries??

Thu, 10/01/2015 - 03:25 | 6614701 squid
squid's picture

Put your gold in Singapore.

For yanks, opening a bank account 'might' be a problem. But you can try.

 

You get a safe box a Certis Cisco:

http://www.certissecurity.com/page.php?levelid=H535M537M535&n=Personal%2...

 

They have ZERO operations overseas so they don't give a flying fuck about FACTA.

Put your gold in your box there, its good.

 

Buy the gold for Cash at UoB (on this list http://www.goldbarsworldwide.com/PDF/Industry_Collection_Manufacturers.p...), they have the smallest spread between buy and sell.

 

The bank account is the tricky part, your (congress )owners have made things very difficult for you indeed.

 

The most productive slaves think they're free.

 

Squid

Thu, 10/01/2015 - 00:19 | 6613863 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

I'm having my gold cast into a statue of a shirtless Vladimir Putin wrestling a black bear. The statue sholud be safe anywhere - except the US.

Or maybe a collection of tacky looking bowling trophies?

Thu, 10/01/2015 - 04:31 | 6613969 roddy6667
roddy6667's picture

Sell the coins on an up day and wire the money out of the country. There is no paperwork or FATCA for that. If they ask, you bought a vacation home. Go to the second country and buy gold on a down day. Better than losing it all.

This asumes you have a second country picked out.  If you haven't,, you are no better than the Jews that didn't leave Germany in the 1930's.

Spend your time traveling and doing research. It is enjoyable and has practical value. Cancel the sports, drinking, clubs, unnecessary vehicles,etc., and do something useful with your money.

Wed, 09/30/2015 - 21:30 | 6613999 Zero-Hegemon
Zero-Hegemon's picture

If they want it they'll have to come and find it

Thu, 10/01/2015 - 00:14 | 6614503 joego1
joego1's picture

I noticed that in Mexico the premium for gold and silver seems higher than in the states. I think taking a few roles of coins could be a way to get some arbitrage for some spending money.

Thu, 10/01/2015 - 00:35 | 6614534 Jungle Jim
Jungle Jim's picture

How much has this "options expiry" thingamajig got to do with the market price of gold bullion? I *have* to convert some to FRNs as soon as possible. I already waited and missed a critical payment deadline, because I paid too much attention to all the false prophets and hoodoo gurus who led me to think gold would go up in September. Instead it plunged straight down, down into the ground, again.

If I'd sold last week I'd have (1) gotten quite a few more FRNs for it, and (2) *not* missed a critical payment deadline. For which I could conceivably and may possibly be criminally charged.

If I understood him correctly, someone (one of the phony-baloney Shemitah-shouters) stated earlier today that this "options expiry" doodad expires sometime today. So, will that take any of the downward pressure off metals prices before closing time tomorrow?

I *can't* wait beyond Friday. I'm already being threatened with prosecution for being one day late paying. Because I was stalling, holding out for a higher gold price, that never came.

Yeah, I do care about the "phony paper price." I live or die by it. I'm pretty sore at all the lying prognosticators too.

Thu, 10/01/2015 - 00:32 | 6614535 onmail1
onmail1's picture

Satan America == Tuco

If WW3 sparks up in ME

Evil pirate captain America and its euroPeon allies will lose 

especially their economies 

sanctioned Russia & Iran have nothing to loose 

what ever they get, it will only be gain.

It is a negative sum game for evil west 

and positive sum game for Russia and its allies

Withdraw your gold , all countries, 

and stop using dollar 

Thu, 10/01/2015 - 00:40 | 6614549 Bemused Observer
Bemused Observer's picture

Another problem with the whole expats with gold thing is with the locals who know that foreigners are coming with their wealth. They spend 12 hours a day sewing elastic waistbands to jockstraps for 1.25. And now civil order is breaking down, and you stand out like a sore thumb....

I just don't see how that ends well. I think it would be easier to blend in on your home turf.

Thu, 10/01/2015 - 01:39 | 6614612 roddy6667
roddy6667's picture

Didn't a lot of Jews think staying behind was better than leaving back about 1939?

Everrybody has their excuse.

Thu, 10/01/2015 - 01:50 | 6614618 Fred C Dobbs
Fred C Dobbs's picture

Getting your precious metals out of the USA is the easiest part of moving it overseas.  Just declare it with US Customs at the airport by filling out their form.  The harder part is getting it into the country you are going to and having someplace to put it.  You have to decide if you declare it there or not.  Then have someplace safe preferably outside the banking system.  If you are an American in a foreign country then you probably can't open a bank account or get a safety deposit box anyways.  And for all of the if you don't hold it you don't own it crowd, yes put it someplace where you can hold it when you go there. 

It's for experienced travelers with contacts overseas or people that have done a lot of research.  You don't want to get overseas with your gold and have no place to put it.  But if you want to do it you better start working on it.  I think this article will be proven right. 

Thu, 10/01/2015 - 06:33 | 6614860 Latitude25
Latitude25's picture

Jim Willie says that the attack on VW diesel pollution standards is because the catalytic converters for these use platinum.  Platinum is 20X more rare than gold and 80% comes from S. African mines which are under stress.  Platinum is in extremely short supply and the price is heavily manipulated along with gold and silver.  If VW gets delivery of more platinum it will destroy the whole PM suppression scheme.

Thu, 10/01/2015 - 08:51 | 6615210 ramgold2206
ramgold2206's picture

guys, the general population is starting to get in on gold. I picked up 5 new customers since the 28th (Not sure if there is any coincidence with the Shemitah). Nothing new with getting new customers however what is Interesting is the demographic; they are not people one would normally associate with acquiring bullion - but they are and relative to their income they are buying significant amounts!.

 

www.teamramgold.com/about-us

Thu, 10/01/2015 - 10:39 | 6615779 Crush the cube
Crush the cube's picture

The travel police can make up the rules on the fly any time and any where to suit their purposes.  Once had a certain Asian countries airport national police working with DHS training and cert patches try telling me I couldn't have more than 10,000 in their local currency, which amounted to slightly 0ver $200.  In this case laughter was the best solution, don't think that was part of their training regimen. 

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