Thanks to Simon Black @ Sovereign Man............ Customs officials at Indira Gandhi International Airport in Delhi received a tip about a passenger who had just arrived on Aeroflot flight 272 from Moscow yesterday. Upon a thorough inspection, the customs officers found nearly $50,000 worth of gold hidden in the man’s brazier… as well as a lady’s purse that was packed in his suitcase. This is actually an offense in India, which has completely Draconian and idiotic laws related to gold. People in India do not trust their money; they know the government plays games with the currency, and that’s why they’ve traditionally diversified their savings into gold. It’s so ridiculous that, in 2016, the Indian government even cancelled the 500 and 1,000 rupee notes. They thought they were combating tax fraud. But given India’s vast, unbanked population, they just ended up plunging the country into chaos. Indian officials further screw over their citizens by heavily regulating the movement of gold into/out of India. Key lessons: It makes sense to store some gold in a safe place overseas, away from your home country. And… never travel with gold through India. Click here for the full story.
Good to know you can store $50k worth of gold in a bra. Silver, not so much... Why not just wear it as jewelry?
Just slip a bunch of these on a chain, job done. https://www.abcbullion.com.au/store/gold/gabgtael375gram-abc-bullion-tael-cast-bar
