I’m looking to move to Panama soon, and along with my household goods, I will want to take my silver and some gold. What kinds of paper trails or problems would I have taking my silver with me?
I participate in a number of different business forums on Linked In, and someone just posted this on an Ex-Patriot Central America forum:
Moving gold and silver is not that difficult in person as you declare it but you only have to declare the face value which is much less than the market value so for the $10,000 figure you can move 200 Canadian Maple leafs for example. So a rather sizable sum of $314,600 today to be able move in one trip yet will fit quite nicely in any briefcase. That unlike diamonds is easy to test for authenticity and it is money anywhere on the planet. This loop hole has never been closed I assume because it just is not something that most are in the habit of doing as it is not widely known or convenient shall we say. However convenient cannot be confused with effective. Unlike wire transfers it leaves next to no trail behind it as well and some thieving bank can’t grab it for a number of days in the process either.
Is this true? Who here can tell me?
Hey Xiz, not sure if that is true or not. But a buddy of mine just spent a month in Panama. He said it was the most amazing place he has ever been….Clean, beautiful, great people…Im jealous you are moving there. Good luck!
Ihave read that bullion must be declared when crossing from this USSA to another country. It exceeds $10,000 and there are forms allowing you to move your phyzz to another country. I strongly suggest you do not transport it yourself. the TSA and border guards are not known for their honesty and it is getting worse. Consult with VIAMAT to discuss your options. If I was to move to another country, Panama, Costa Rica Uruguay, I would not take a single sheckel with me. Viamat can arrange for storage as well, making itpossible for your phyzz to be waiting for you. If you do this, to it soon since there could be an Iron curtain that stops this transfer. The Dollar Vigilante has a report that gives you specific details about getting your gold out of Dodge. Jeff is fiercely anti authoritarian so his skills are up to the task.
I see a new underground popping up. USA to Mexico. Where is it that Jesse V. lives down there?