Moving gold out of Australia

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!
 
dragafem said:
people who do not follow this stuff they dont have a clue about value of pm's..
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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.
 
hawkeye said:
Are they allowed to look at your laptop?

Reason I ask is, I was pulled aside a few years ago and the guy opened up my laptop and started it up. I was going to complain but then realised it automatically booted into linux and pretty much knew he wouldn't have a clue what he was doing anyway. So I just smiled and didn't worry about it. :) Turned out to be right, he gave up straight away But I was wondering if they do have that right.
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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 :)
 
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.
 
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.
 
Silver Soul said:
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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Thanks mate, terrific info!
Cheers
 
Silver Soul said:
.................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.............
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and there-in lies the major sticking point of the exercise.
 
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.
 
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.
 
Silver Soul said:
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.
Click to expand...

...like I said before,they have almost no idea of pm's
 
Phiber said:
Also, the back of the passenger card mentions the following:

http://s17.postimage.org/vc2v995n3/Outgoing_passsenger_card.png

One could argue whether gold would fall under the definition of bearer negotiable instruments?

That's what Austrac has to say about it:

http://www.austrac.gov.au/bnis.html


What is a BNI?
A BNI is a non-cash monetary instrument which may contain the instruction 'pay to the bearer.' The bearer is the person in possession of the BNI. Common examples of BNIs are cheques, promissory notes, traveller's cheques, bearer bonds, money orders and postal orders.
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If a BNI does not specify a payee, does it need to be declared?
BNIs that do not specify a payee still need to be declared to a Customs or police officer if requested.
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No direct mention to gold, but I have a gut-feeling it is unlikely gold does not need to be declared at all.

Thoughts?
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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.
 
Hi Chenelle,

Welcome and thanks for your input.
Have you had any particular experience with the matter at hands?
 
Chenelle said:
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.
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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.
 
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