Going through customs with bullion

[RonPaul'sMate]

Hi, I've never done this, but I might be bringing a few ounces of gold with me when traveling internationally. Do you put it in hand luggage or checked baggage? Do you have to declare it? Any advice gratefully received, thanks

 

[dozerz]

depends where you are travelling if you have to declare, e.g in oz yes you do if value over $1000. each country would have different rules. always in hand luggage and never check in, like any other valuable item.

 

[RonPaul'sMate]

Great, thanks. Leaving Oz?

 

[Ollie]

Yes, you’ll need to declare it.

 

[betterinvestmentthanshare]

No you don’t have to declare if the total value is under $10k
Eg: 1oz gold = $6k and cash $3k, total value $9k
I’ve been pulled up twice over the years by a young customs officers when leaving Australia. Once for a gold and cash combo and the other was for $8k cash
I state the customs legislation on both occasions then the officer spoke to their supervisor and I was waved through
If you’re traveling with a partner, then split the amount so you’re both under $10k.
But I suggest you check the legal requirements of your destination.
Most countries are the same with a $10k limit BUT……. Check in what currency the limit is in.
EG: Australia $10k AUD
Malaysia $10k USD
New Zealand $10k NZD
Then calculate the exchange rate
Always in my wallet and the missus always in her purse.