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IPFS News Link • Gold and Silver

Crossing Borders with Gold and Silver Coins

• by Doug Casey

Gold has always been in something of a twilight zone in that regard. It's no longer officially considered money. So it's usually regarded as just a commodity, like copper, lead, or zinc, for these purposes. The one-ounce Canadian Maple Leaf and US Eagle both say they're worth $50 of currency.

But I've had some disturbing experiences over the past couple of years crossing borders with coins. Of course, crossing any national border is potentially disturbing at any time. You might find yourself interrogated, strip searched, or detained for any reason or no reason. But I suspect what happened to me crossing a few borders in recent times could be a straw in the wind.

I've gradually accumulated about a dozen one-ounce silver rounds in my briefcase, some souvenirs issued by mining companies, plus others from Canada, Australia, China, and the US. But when I left Chile not long ago, the person monitoring the X-ray machine stopped me and insisted I take them out and show them to her.

1 Comments in Response to

Comment by Fred Mccona
Entered on:

Store my silver & gold coins outside the country? Your kidding right? When the banks & currencies collapse these banks or private warehouses are going to hold on to my coins and keep them safe for me until I may need them? Really? You don't think those panicked employees are not going to help themselves to those coins in the life or death situation they are experiencing? If you are storing your coins with anyone, those coins will not be there when you most need them. You got to hide em. Keep em in your own possession.