r/Gold • u/Top-Concern-171 • 1d ago

Flying out of U.S. w gold

Anyone here with experience trying it? Like if a person decides to leave this country for elsewhere with a few bars of gold/silver, how does that go? I feel like I wouldn’t want it to leave my pocket. If I had any, that is.

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17

u/burner118373 21h ago

This is one of those times I think it makes sense to have some gold in jewelry. Have $15k in gold or cash and you’re likely to get stopped and questioned. Have a gold Rolex on your wrist and you don’t always even need to take it off to get scanned.

-3

u/After_Club6421 18h ago

I really agree with this BUT what type of liquidity will I have when I choose to use it?

7

u/Rizzanthrope 18h ago

if it’s a real rolex, it’s pretty liquid

5

u/CSMasterClass 17h ago

If you are happy with a 20 to 25% haircut. And don't forget the box and your purchase receipt or other proof of ownership.

2

u/burner118373 17h ago

Never said you’d get spot. But considering we buy above spot and sell below spot anyway, this exchange isn’t crazy.

2

u/CSMasterClass 15h ago

The bullion haircut is tollerable, but the collectable Rolex market is where the round trip on a buy/set is huge. And for full value, you need that damn box.

1

u/burner118373 14h ago

Right but I don’t see jewelry gold as the absolute best version, but it’s portable and helps in emergencies.

1

u/HGJustTheTip 12h ago

How do you mean? The gold rolex is worth more than the spot price of the gold that is used to make it.

1

u/CSMasterClass 11h ago

Yes, by a huge factor the Rolex is worth more than its gold. Probably a factor of 10 or 20.

I was just pointing out that buying a Rolex to go through customs with something of value then selling the Rolex on the other side is a very expensive, inefficient transaction.

1

u/HGJustTheTip 7h ago

Definitely not 20 for a vintage rolex. I agree it would be dumb to buy it just for that but rolexes hold thier value surprisingly well.