I guess it just depends on who you get on the day! And it of course depends on which country you are travelling in as well.
Correct! In India they know all about it. And likewise with life in "the land of the free..."
I'm wondering what law they thought you had broken? It's not illegal to own cash!!
Any good law enforcement agent will be able to tell you that PM is not the same as cash. And they are not going to argue the point, and that's the end of the matter. Even bubblebobble2 was not fully prepared for what awaited him, but he knows better now, for he is better informed as a result of what life has thrown at him.
Riddle me this... which are these two individuals is likely to have their metals seized by law enforcement: (a) the prepared, or (b) the unprepared?
Essentially you should be carrying paper proof that you have purchased "like" metals (not necessarily the metal you are carrying); e.g. one oz gold coins. You probably won't need it, but if you do, you're prepared.
The naive would whine, "oh but I should be able to carry my metals around freely without any proof of ownership." When the wise-man hears this, he maintains a discreet silence, but the ignoramus is in full agreement with the naive man, hence he rarely ever hears any contrary points of view, and so he goes along blithely, until one day his metals are taken from him by the authorities.