Big Stack Smuggling

[ilovesilverireallydo]

http://www.dutchnews.nl/news/archives/2018/02/venezuelan-heading-for-the-netherlands-is-arrested-with-46-gold-bars/ 

[Augustus1]

wow , I know small countries that don't have that amount of gold reserves

dean.m

[mr-dead]

You have got to be a special kind of stupid to think you can take a suitcase loaded with 50kg gold through an airport without it being spotted.

He would have been better selling the gold for crypto for cross border transfer of wealth and buy gold with the proceeds the other side, probably not as easy as it sounds currently in Venezuela though.

 

[vand]

The current situation in Venezuela:

https://www.theguardian.com/world/2018/feb/12/venezuelan-middle-class-economic-crisis-pawn-shops

This is what happens when govt abuses their power to the nth degree. Total destruction of the currency and systemic collapse.

Can you imagine how much better off the average person would be had they amassed just a few hundred oz of silver and/or half a dozen oz of gold while times were good?

[PansPurse]

I don't know. I'm not going to defend the Venezuelan government but I'm dubious of the idea that a state's collapse can be described as a simple cause and effect because of 'x'

[tbone]

Probably gold from some General who wants out now (using a mule).

https://www.marketslant.com/articles/exclusive-gold-smuggling-explained

 

[sixgun]

On 12/02/2018 at 21:25, PansPurse said:

I don't know. I'm not going to defend the Venezuelan government but I'm dubious of the idea that a state's collapse can be described as a simple cause and effect because of 'x'

The country got assassinated by the economic hit men.

The man was in Aruba, which is under the Netherlands. He was not in Venezuela.

[Lowlow]

Sad when "smuggling gold" is even a thing.

Think about that.  You have a stack.  You move YOUR stack from one place to another and don't grease the right tax authorities with their cut, and BAM ... jail, because you're "smuggling YOUR OWN gold" lol.

The goddess of Liberty weeps, how far we have fallen.

[Vern]

look at all the dings in those bars, the obvious decoy 0.5%

so where is the other 95.5% non dinged up bars? 

probably on a Trezor or Ledger by now

I saw it on a movie so it must be true 

[Martlet]

13 hours ago, Lowlow said:

Sad when "smuggling gold" is even a thing.

Think about that.  You have a stack.  You move YOUR stack from one place to another and don't grease the right tax authorities with their cut, and BAM ... jail, because you're "smuggling YOUR OWN gold" lol.

The goddess of Liberty weeps, how far we have fallen.

Dont think there has been a time when you could transport goods, especially gold, without the state wanting to know about it and tax it.  We haven't fallen, we're in the same place we always were.

[Thelonerangershorse]

22 minutes ago, Vern said:

look at all the dings in those bars, the obvious decoy 0.5%

so where is the other 95.5% non dinged up bars? 

probably on a Trezor or Ledger by now

I saw it on a movie so it must be true 

I'd be happy just with the 4% that "accidentally" went missing from your calculations.

[Lowlow]

12 minutes ago, Martlet said:

Dont think there has been a time when you could transport goods, especially gold, without the state wanting to know about it and tax it.  We haven't fallen, we're in the same place we always were.

First, gold wasn't a "good" until recently, 100 years ago it was MONEY, and that's how you settled accounts was with gold, so you obviously transported it.  Silver was same, and if you learn about the history of money you'll see that precious metals were very mobile and responded to Gresham's law, entering and leaving areas depending on what states and banks were doing with their fiat.  Second, the tax part mostly applies to EU countries and their VAT, U.S. citizens do have to declare over 10k$us in gold but they don't pay a tax on it when they transport it.  Does the EU even charge a VAT on investment gold ?  So ... yeah ...

[PansPurse]

[Martlet]

6 minutes ago, Lowlow said:

First, gold wasn't a "good" until recently, 100 years ago it was MONEY, and that's how you settled accounts was with gold, so you obviously transported it.  Silver was same, and if you learn about the history of money you'll see that precious metals were very mobile and responded to Gresham's law, entering and leaving areas depending on what states and banks were doing with their fiat.  Second, the tax part mostly applies to EU countries and their VAT, U.S. citizens do have to declare over 10k$us in gold but they don't pay a tax on it when they transport it.  Does the EU even charge a VAT on investment gold ?  So ... yeah ...

I was thinking of everything from commodity goods to precious metals and cash money.  Currency controls have always been around, because it didn't suit states for money to leave or uncontrolled money to enter.  We've moved on from that time in the west at least.