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excon · May 14, 2007, 08:36 AM

Hello:

Gold used to be money. In 1973, Nixon declared that it wasn't - it's just a commodity. How much of that commodity can be legally transported OUT of the USA, before the government changes its mind and calls it money again?

excon

iAMfromHuntersBar · May 14, 2007, 08:46 AM

How much have you got? I'll give you a hand for a cut! Lol!

Lowtax4eva · May 14, 2007, 08:50 AM

It would depend where you send it. If you send it to Canada they would alert the US govt and investigate if any fraud is going on if you transport over 10,000 worth into Canada. But gold can pretty much be exchanged for money back and forth at a pretty constant price so I don't think they would ever stop someone from exporting smaller quantities.

excon · May 14, 2007, 09:13 AM

Hello again:

What if I melted it and turned it into a left front fender. Is it illegal to drive that car out of the US? Is the fender money? Would I be required to tell somebody about my fender? Why wouldn't I be required to tell them about my cheaper right front fender.

excon

Lowtax4eva · May 14, 2007, 10:28 AM

Yes you would have to declare it if it's worth over 10,000 still. You have to declare any item worth over 10,000 when you cross the canada-us border in either direction. They will specifically ask if you have any item worth over 10,000 $ when you cross and if they don't its your responsibility to tell them.

If you don't declare it and somehow they find out it will be seized and you could be charged with smuggling or money laundering.