I make decision to sell all my silver junk coins, i am little bit sad about this bcoz i always like to collect different coins , but this is what i must do. Main reason is that one of the guys from who i am buying in the past is accused for money laundering , forgering and illegal trade with silver and gold. And he make book record of every transaction, and this book police take with half million euros and unknown quantity of silver and gold. They were folowing him for 6 moth before arrest. As i dont want police come to my door and ask me where it is , i will sell it. I got offer spot -18% , i will experience small lost, but is far better than to explain with government for a couple of years. Totally around 300oz, i will sell. Luckily this dosent happened in China, so i will continue to stack here. But i will make a brake, and wait, i will not immediately buy same quantity of bulions,not bcoz of lack of money, bcoz i really expect that price drop during economy collapse this year. I look this situation like sign to me to go out from silver for now and buy back with new lows and only bullion in future from verified supplier, maybe cost more in begging but long term investment it dosent meter to much . So boys ad girls i wish u higher highs and lower lows
Unfortunately this is not possible, bcoz u need have approval from Central Bank to take out AG&AU from country-an old communist law , and of course u can't get it . Recently at airport they take away from one American citizen 70 gold coins around 1/2kg bcoz he didnt have this paper neither invoice. Regarding that "seller" he have legitimate business for exchanging money and buying Ag/Au, but obviously he do little side job , actually most of it...
A very old friend of mine - Chinese lady now in her 70's told me 20+ years ago that I should 'buy gold - and bury it in the garden... Just DON'T forget where you buried it hahahahahaha!' I tell you how smart that move was - You want to know why? Because she left China via Hong Kong in the late 1950's with nothing in her pockets except a few gold coins... She's now still working and a multi-millionaire several times over thanks to her distributor partnership with Sony, amongst other business interests started with those few gold coins when she left CN... So why is she so smart? Because her garden's in CANADA x
I heard from a Nigerian princess that she needs to dispose of some cash below face value, maybe you are made for each other. Remember that thread about cheep ($100,000+) fertiliser being shipped to farmers in Geelong from China. Ended up just being dirt, not just dirt cheap. Forgot to use Ebay protection, sheesh! Australians are just beginning to learn what the rest of Asia says, 'Chinese don't trust them, very very tricky.' Chinese Government enterprises are good though, I like Chinese... I would like an entry visa, that comes with an exit visa, when I go overseas...
Money laundering and fraud in China tends to result in a punishment involving an AK-47. On another note, machine gunning 20,000 dead in Tienanmen Square seems to result in a spark that ignites the worlds 2nd largest economy.
So given you have 300 ounces of Silver.Does that make you a middle class wage earner in China or some party officials Child? What form is your silver in? i.e. PM coins,Chinese bars .999 Where do you buy your silver from? Are Gold and Silver brought regularaly by citizens in China? Is your Government encouraging its citizens to buy Gold and Silver? Do you have lots of friends that own Gold and Silver? Do you think your Gold and Silver is safe from government confiscation ? So many eternal questions and still no answersAhh From your kangaroo friend REDBACK
