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.
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 picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... "Reply To: My Faith in Silver is Just About Broken
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
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