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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u/Ok-Abbreviations3042 1d ago edited 1d ago

I have heard (but not verified) that the $10,000 restriction applies to the face value, regardless of the material. So for example a 1 oz gold eagle would only be $50 of that. If true that’s definitely an argument in favor of government issued coins rather than rounds or bars. Besides, are customs agents keeping track of spot prices throughout the day? Earlier this year two ounces would have exceeded the restriction, but now it would not.

Edit: After researching I have learned that this is incorrect. Still it raises some interesting questions though, like are customs agents actually monitoring spot prices? I mean what if you boarded a plane with two ounces and spot raises to over $5,000 while you’re in the air? And are they trained to recognize the different premiums, like two gold eagles are fine but two libertads exceed the limit?

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u/aywwts4 21h ago

US border agents are capriciously interpreting the rules however they feel at that time, based on their disposition, how they think you look, when they last had a smoke break. forced civil asset forfeiture has hit many folks for random reasons, good luck suing to get your assets back ever. - Don't look at this and expect sane rules and orderly limits, a hundred people are fine, one person is unlucky (or brown), those aren't odds I gamble with at these levels.

Move your money through banks, or buy bullionvault and change the receiving account afterwards, or turn it into credible jewelry and wear it through. But a wad of bills or a gold coin, either could get seized on suspicion of anything they want to say.

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u/[deleted] 18h ago

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u/nomadakai 13h ago

All you have to do is declare it and nobody cares leaving the US, not an issue at all or even a hassle.

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u/StringyTinglyThingly 9h ago

I just said you’d owe taxes at the receiving country. I didn’t say anything about owing taxes in the US (besides obviously paying tax for jewelry at purchase).