Moving gold out of Australia

Discussion in 'Gold' started by Phiber, Feb 20, 2013.

  1. petey

    petey Active Member Silver Stacker

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    Not yet. Give it a decade (less?).
     
  2. capt.sparrow

    capt.sparrow New Member

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    Try doing that in the PIGS countries.
    The police are all over you like blue arse flies and would confiscate gold bullion in the blink of an eye!
     
  3. Phiber

    Phiber Well-Known Member Silver Stacker

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    That would be good mate :)
     
  4. Phiber

    Phiber Well-Known Member Silver Stacker

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    That's a very good point mate, indeed, agreed.

    Thanks for the input everyone.
    Still keen to hear if anyone has actually taken the trip through the airport.
     
  5. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    When travelling through Europe I got pulled up by customs all the time with my laptop and they would want to make sure it turned on. The reason for this is there were drug mules smuggling their goods in gutted out laptops. So if you laptop works they can be sure there is none of the white stuff on the inside :)
     
  6. hyphenated

    hyphenated Active Member

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    The other point, worth repeating, is that PMs are, by definition, high density, so will show pretty colours on X-Ray scanners, So have the coins in a separate ziplock bag, ideally in shrinkwrap stacks so you can put 'em though in a laptop tray. They can see that they're coins, but it doesn't scream 'Gold!!" to the tatooed gentlemen behind you.
     
  7. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    G'day mates,

    Do hope all are well! OK, I was at the Perth international airport this evening picking up my daughters boyfriend. While waiting for him to land I was in the Dome coffee shop, a customs officer ordered a coffee sat down at the table next to me... So I cornered him on the subject of taking large amounts of PM's over 10k offshore to other countries. After a little confusion, and very strange looks from him, as to what I was talking about....He finally understood! "From the horses mouth" They don't care how much gold bullion you take out off the country in bar form or Perth mint bullion rounds.....Even if you declare it they don't give a toss how much you have........However he did say not Krugerrands as there is an embargo on them. He also did not touch base with me on other counties importation laws.... This you will need to research yourself as their laws might differ.

    He touched slightly in the conversation, on repatriation of the gold coming back into Australia, in saying something about you proving that you are the owner of it........So it may pay to keep all records of your gold purchases.

    Do hope this helps.....It sure helped me.
     
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  8. Phiber

    Phiber Well-Known Member Silver Stacker

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    Thanks mate, terrific info!
    Cheers
     
  9. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Embargo on Krugerrands? That doesn't sound right but I'm not going to argue as that is a competitor product :)
     
  10. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    and there-in lies the major sticking point of the exercise.
     
  11. grinners

    grinners Active Member Silver Stacker

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    It seems super clear to me that Australian immigration does NOT require you to declare gold.

    The wording couldn't be more precise in my opinion.

    I have never understood the confusion.
     
  12. Maxwell

    Maxwell New Member

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    If you can open an account with one of the Sharia banks http://www.shariabanking.com/ some will allow you to deposit PM's in 1 country, and withdraw PM's or equivelant Fiat in another

    You will be subject to any local laws related to PM's in both countries though.
     
  13. dragafem

    dragafem Well-Known Member Silver Stacker

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    ...like I said before,they have almost no idea of pm's
     
  14. dragafem

    dragafem Well-Known Member Silver Stacker

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    I hope in a decade, I dont have to follow the prices ;)
     
  15. Chenelle

    Chenelle New Member

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    this is correct, if you didn't declare it, and they decide that you should've then they will argue that gold is a bearer negotiable instrument.

    moving gold out of australia is hard, i tried it through an export company, but customs told me it isn't a valid export unless it is being sent to a
    specific business at the items destination.
     
  16. Phiber

    Phiber Well-Known Member Silver Stacker

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    Hi Chenelle,

    Welcome and thanks for your input.
    Have you had any particular experience with the matter at hands?
     
  17. bron suchecki

    bron suchecki Active Member Silver Stacker

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    There are no import/export restrictions on gold, I do not know of customs having any such rule about business addresses, but courier companies often do. Maybe there has been a mix up in what your export company told you.
     
  18. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    deleted - because read previous posts
     

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