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Originally Posted by dragondweller
Greetings:
George Green mentioned having some gold coins ready to hop on a plane and go overseas. Is it even legal to do this? Don't you have to declare any amount over $10,000?
I have recently purchased a bunch of gold and silver coins, but I don't see myself being able to transport 80 1 oz gold coins overseas or 100 pounds worth of silver coins.
I'm trying to plan for the future. How do I go about tansporting my wealth overseas if I need to leave the country? I cashed out my IRA account, but have 60 days to resell 1/2 or more of the gold and silver I bought and put cash back into my IRA.
I'm trying to figure out the best plan for safeguarding my wealth and I think putting it all into gold and silver coins isn't practical and could be a very bad move if the value goes down and the economy/stock market stays stable and eventually starts moving back up.
Anyone have any ideas on the best plan of action for safeguarding wealth and being able to transfer it overseas? Can you trust a bank in Ecuador? How do you move gold and silver coins around? Thank you.
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hello I just want to point out Ecuador pasted a new Constitution last week, A socialist agenda, land and wealth redistribution. They have used the dollar for years and are now going to print there own. They now have a agenda like Venezuela. One more thing about third world countries they will look at you as being rich. It's a changing world, you probably would not have the same rights as a resident ,corrupt officials etc. If the "shtf" it might not be the best place to be. just info. I have traveled alot and have exp. in a lot of 3rd world countries. Hope this may help
hope this helps