Ragnarok
2nd December 2010, 09:33 PM
24K gold chain in 1/20 and 1/10 oz. link sizes: 8)
Snip:
"If you own any form of gold, you are already well aware of those facts. But have you considered the implications of traveling with that gold? Sure, coming from Vietnam in 1975, you probably got barely a sideways glance for carrying gold TAELs, or even a suitcase full of cash. But today, in the age of TSA "love tap" pat-downs and full-body x-ray scanners, and when you must declare any amount of cash over $10,000 on your way in or out of America, leaving the country with a stack of gold bullion is probably going to raise a few eyebrows - if not land you in a TSA backroom somewhere.
That's why it is important not just to own gold, but to consider owning it in various forms that give you both discretion and portability. There is no substitute for gold bullion, but there are far more portable alternatives, and which are far less likely to raise eyebrows (sure, numismatics are collectibles, but good luck explaining to customs the difference between a Gold Eagle and a Saint Gaudens).
Take 24-karat gold jewelry, for instance. To the casual observer, or the TSA agent, it's not unlike any other necklace or bracelet. To you, it is a portable store of wealth. A "money belt" customs will ignore. And a great insurance policy should you find yourself in need of money on the road."
http://www.321gold.com/editorials/casey/casey120310.html
http://www.heirloom24k.com/clk/GLD
It's not cheap, but the idea is sound and something like this might be useful if you have to cross a border in an emergency, etc. ;)
fyi, R. :)
Snip:
"If you own any form of gold, you are already well aware of those facts. But have you considered the implications of traveling with that gold? Sure, coming from Vietnam in 1975, you probably got barely a sideways glance for carrying gold TAELs, or even a suitcase full of cash. But today, in the age of TSA "love tap" pat-downs and full-body x-ray scanners, and when you must declare any amount of cash over $10,000 on your way in or out of America, leaving the country with a stack of gold bullion is probably going to raise a few eyebrows - if not land you in a TSA backroom somewhere.
That's why it is important not just to own gold, but to consider owning it in various forms that give you both discretion and portability. There is no substitute for gold bullion, but there are far more portable alternatives, and which are far less likely to raise eyebrows (sure, numismatics are collectibles, but good luck explaining to customs the difference between a Gold Eagle and a Saint Gaudens).
Take 24-karat gold jewelry, for instance. To the casual observer, or the TSA agent, it's not unlike any other necklace or bracelet. To you, it is a portable store of wealth. A "money belt" customs will ignore. And a great insurance policy should you find yourself in need of money on the road."
http://www.321gold.com/editorials/casey/casey120310.html
http://www.heirloom24k.com/clk/GLD
It's not cheap, but the idea is sound and something like this might be useful if you have to cross a border in an emergency, etc. ;)
fyi, R. :)