Monday, July 23, 2012

Traveling with Gold and Silver, Customs and TSA agents!

Gold & Silver: How much can you travel across borders with & bypass customs?
5,000 US dollars (or equivalent in any foreign currency) or 20,000 CNY is permitted. If you have more than this amount, related documents will be needed and you need to declare to the customs. There are at least three different basic strategies you can use to transport your precious metals to and from foreign nations.

1. Carry slightly less each time of the $5,000 tax penalty minimun.
2. Hide your holdings above $5,000 by declaring currency not PMs.
3. Ship your precious metals using a shipping carrier or courier. As more and more people explore the possibility of living abroad and removing funds from banks - it is seriously time to develop alternative ways of living vs. domestic U.S. lifestyles.