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Originally Posted by THE PEACEFUL WARRIOR
Hi Zynox,
Can you tell me where and how to buy Gold and Silver securely in Hong Kong?
Also do you know what the restricions are on travelling with Gold via international flights?
Thanks very much for any advice you can give...
P. W.  |
Greetings Peaceful Warrior,
I have no sources for metals outside the US, so hopefully someone with that information will visit and grace us on that topic. You might try the web for coin or jewelry stores in your area, I suspect they sell coins at most.
My experience is limited to international flights between the US and Costa Rica and Italy. I always travel with a few ounces of metal, both as a backup exit fund if I were ever to encounter weirdness and also because I give silver dollars as tips, to spread metal to those that may never have encountered it.
I always carry it in my carry on bag, and I have never been requested to open my bags or have them searched for the coins, and yet I have had them search for and find disposable lighters I forgot to remove. So there hasn't yet seemed to be any directed focus towards carrying coins. One consideration should always be to know the regulations of the countries one will be entering or passing through, as many have declaration limits for cash and other fiscal instruments, and I always assume these include precious metals.
Often declaration is requested if one is carrying more than $10,000 US. Interestingly, one could play a game with this, if so inclined, because the face value of a US Gold Dollar Coin is $50, versus a market value of around $900. I'm not suggesting this game be played, but I sure would like to get employers to pay in gold coins at face value!
Namaste!
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Please be advised that I am not any form of a professional or paid investment adviser and each individual reading or posting questions or answers is responsible for their own investment decisions.