During hyperinflation your assets can become your liabilities

[Katmandu]

Barry makes living in the Dominican Republic look quite good. He also talks about getting a second passport. He also talks about taking PMs out of the country.

Interview with Barry at SgtReport.com:

http://www.youtube.com/watch?v=dg4VhYQTIz8&feature=player_embedded

http://www.drescapes.com/2012/09/14/your-papers-please-the-absolute-necessity-of-a-second-passport/

http://www.drescapes.com/2012/09/15/quit-your-bithching-open-your-eyes-save-your-ass-and-get-a-2nd-passport-while-you-still-can/

[vacuum]

How do you make money in another country?

[Ponce]

If I could sell my home and take my assets out of the country I would not have to work.....hell, I am not working now.

[mamboni]

The interview was rather scanty on specifics. It was a general pitch for leaving AMerica for greener pastures. I'm not convinced that one is guaranteed a more secure and freer future outside of the US. I'd be real concerned about living in a small central American country having a socialist government with communist leaning. Personally, America is my home and the home of my forefathers and I'm staying and fighting.

BTW, interesting tidbit form the interview is that government-issue bullion coins are declared at "face value" when leaving US and entering central America. So a monster box of SAEs has a declared value of $500 US and a gold eagle $50. Anyone here have any experience with this?

[palani]

BTW, interesting tidbit form the interview is that government-issue bullion coins are declared at "face value" when leaving US and entering central America. So a monster box of SAEs has a declared value of $500 US and a gold eagle $50. Anyone here have any experience with this?

Don't try to pay any court bills or taxes with domestic minted gold. They will take it at face value and ask for more. They will not take international minted gold at all (guess the issue of fraud becomes too apparent then).

[palani]

Personally, America is my home and the home of my forefathers and I'm staying and fighting.

I stay away from America. It has always been a federation and never been a country. I have nothing against it other than its preference to deviate from its constitution and its preference to create war rather than peace.

I also try to stay away from the U.N., the E.U., the U.K. and a raft of similar legal fictions.

[mamboni]

Is Palani a bot? How do these responses relate to my original comment?

[woodman]

BTW, interesting tidbit form the interview is that government-issue bullion coins are declared at "face value" when leaving US and entering central America. So a monster box of SAEs has a declared value of $500 US and a gold eagle $50. Anyone here have any experience with this?

I am not sure, but the Federal Reserve is noted for having it's cake and eating it too. Even though the face value is clearly noted, was not a fellow in Arizona succesfully prosecuted for fraud for paying his employees in precious metals and claiming the face value as remuneration and not the metal value itself?

[madfranks]

The interview was rather scanty on specifics. It was a general pitch for leaving AMerica for greener pastures. I'm not convinced that one is guaranteed a more secure and freer future outside of the US. I'd be real concerned about living in a small central American country having a socialist government with communist leaning. Personally, America is my home and the home of my forefathers and I'm staying and fighting.

BTW, interesting tidbit form the interview is that government-issue bullion coins are declared at "face value" when leaving US and entering central America. So a monster box of SAEs has a declared value of $500 US and a gold eagle $50. Anyone here have any experience with this?

Understand the Rules Before You Transport Precious Metals Overseas (http://lewrockwell.com/nestmann/nestmann45.1.html)

[mamboni]

Understand the Rules Before You Transport Precious Metals Overseas (http://lewrockwell.com/nestmann/nestmann45.1.html)

Based on my reading of that article, bullion coins DO NOT constitute a currency instrument reportable to FinCen. Then again, I have no confidence in customs or TSA respecting the letter of the law. And it seems impossible to get a simple and straight answer to this question: how do I transport bullion coins across sovereign borders lawfully? If I am carrying GAEs and a TSA gorilla siezes them and refuses to explain why, what the hell can I do about it? Do I have to spend hundreds of hours and $thousands in legal fees to get my coins back? Frankly, I don't trust the government...any government.

[chad]

Is Palani a bot? How do these responses relate to my original comment?

sometimes he's good, but my observation is that palani and skirnir's purpose is to take any thread and derail it. it's done almost 95% of the time they post anything.

[mamboni]

I am not sure, but the Federal Reserve is noted for having it's cake and eating it too. Even though the face value is clearly noted, was not a fellow in Arizona succesfully prosecuted for fraud for paying his employees in precious metals and claiming the face value as remuneration and not the metal value itself?

That guy got in trouble with the IRS which claimed tax evasion: he was paying employees in the face value of the coins, not the bullion metal value. The IRS took exception to this. One is thunderstruck by the irony of a government (I know the IRS is a privste enforcement arm of the Federal Reserve Bank) that on the one hand puts an absurdly low legal tender dollar face value on a gold or silver bullion coin (i.e. the value that you or I can legally demand) yet want to tax the coin based on it's metal content value, which is multiples higher. As you stated, having their cake and eating it too...except we baked the damn cake!

[palani]

How do these responses relate to my original comment?


government-issue bullion coins are declared at "face value"

They will take it at face value


America is my home and the home of my forefathers

I stay away from America.

Has your question been answered or do you prefer being a jerk?

[woodman]

That guy got in trouble with the IRS which claimed tax evasion: he was paying employees in the face value of the coins, not the bullion metal value. The IRS took exception to this. One is thunderstruck by the irony of a government (I know the IRS is a privste enforcement arm of the Federal Reserve Bank) that on the one hand puts an absurdly low legal tender dollar face value on a gold or silver bullion coin (i.e. the value that you or I can legally demand) yet want to tax the coin based on it's metal content value, which is multiples higher. As you stated, having their cake and eating it too...except we baked the damn cake!

Absolutely right Mamboni. I meant IRS but somehow typed their master's name.

[Ponce]

Let's face it guys, the rules on PM's (and any other rules) can be changed at will by the ones with the biggest guns...the government.........because we don't know from what direction they will come at you the best thing to do is to always have a plan behind the plan behind the plan.......be ready today and you won't be sorry tomorrow, but do it today.

By the way, those of you who haven't done anything about the Land Patent?.......start it today, it might be to late tomorrow.

[madfranks]

Based on my reading of that article, bullion coins DO NOT constitute a currency instrument reportable to FinCen. Then again, I have no confidence in customs or TSA respecting the letter of the law. And it seems impossible to get a simple and straight answer to this question: how do I transport bullion coins across sovereign borders lawfully? If I am carrying GAEs and a TSA gorilla siezes them and refuses to explain why, what the hell can I do about it? Do I have to spend hundreds of hours and $thousands in legal fees to get my coins back? Frankly, I don't trust the government...any government.

Even if the rules were crystal clear, what's your guarantee that those laws will be honored at the border? Like you said, a TSA thug could seize them under any number of contrived accusations and what recourse would you have?

Personally, if I were transporting a large amount of gold coins across a border, I would put them in individual holders in a coin folder, between sheets of common numismatic coins and tell them it was a "coin collection". I'd also bring a stamp collection and a baseball card collection so it looked like I was a collector of sorts. I think something like that would be perceived as benign compared to someone with a suitcase full of mint tubes stacked with gold.

[mamboni]

Even if the rules were crystal clear, what's your guarantee that those laws will be honored at the border? Like you said, a TSA thug could seize them under any number of contrived accusations and what recourse would you have?

Personally, if I were transporting a large amount of gold coins across a border, I would put them in individual holders in a coin folder, between sheets of common numismatic coins and tell them it was a "coin collection". I'd also bring a stamp collection and a baseball card collection so it looked like I was a collector of sorts. I think something like that would be perceived as benign compared to someone with a suitcase full of mint tubes stacked with gold.

Yes, I think there's a name for this: smuggling. Technically, you're not breaking the law. You're taking precautions because you're unsure that the government will respect your private property rights. I expect that smuggling of valuables out of the coutry could become increasingly popular.

[Neuro]

Even if the rules were crystal clear, what's your guarantee that those laws will be honored at the border? Like you said, a TSA thug could seize them under any number of contrived accusations and what recourse would you have?

Personally, if I were transporting a large amount of gold coins across a border, I would put them in individual holders in a coin folder, between sheets of common numismatic coins and tell them it was a "coin collection". I'd also bring a stamp collection and a baseball card collection so it looked like I was a collector of sorts. I think something like that would be perceived as benign compared to someone with a suitcase full of mint tubes stacked with gold.
Good idea! How about silver plating the gold coins?

Anyhow this Summer I took about 11 oz of gold bullion with me from Turkey to Germany, and from France to Sweden (after going by train from Germany to France. The security goons wanted to see the bags when we left France, but let us go without any major problems, just asked what it was...

[mamboni]

Good idea! How about silver plating the gold coins?

I thought about that. No, actual plating is too damaging. Just use a good quality water-based silver colored paint. That said, I don't trust TSA not to steal your coin collection, like they steal everything else, especially at the beginning of Christmas shopping season - fucking thugs.

[Katmandu]

LargeSarge also just posted a video from SilverDoctors that talks about moving out of America.
http://gold-silver.us/forum/showthread.php?63666-silver-update-escape-America

This topic starts at 14:30 in the video above. Not a lot of detail discussed, just a brief primer on the subject with reference to these websites:

www.drescapes.com
www.sovereignman.com
www.dollarvigilante.com
www.internationalliving-magazine.com
www.escapefromamerica.com

This is something that I would consider, but it is probably not that realistic for me due to various family ties that I have in the states.