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Gold authorities looking to ways to get airlines to ban transporting gold in carry on luggage

Goldhedge

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#1
I thought it was a barbaric relic...


Gold authorities looking to ways to get airlines to ban transporting gold in carry on luggage
6:42 AM
With governments using both high taxation and import restrictions to try to dissuade people from moving out of their fiat currencies and into physical precious metals at the same that these same governments are embarking on devaluing their currencies through zero or negative interest rates, the natural reaction has been a rise in smuggling to try to bring metals like gold and silver into restricted markets.

And similar to how some ivory tower economists now want to ban physical cash using spurious reasons like money laundering and its use in illegal activities, a group of gold authorities now want airlines to ban the transportation of gold by gold holders in their carry-on luggage.​


Leaders of the global gold industry have called on airlines and aviation authorities to ban the transport of the precious metal as hand luggage to reduce the risk of smuggling, which is said to be costing billions of dollars a year in lost government revenue.

They want gold to be shipped only as hold cargo, which would allow for "proof of responsible sourcing" and lift what is regarded as a threat to miners’ employment and mining companies’ profits.

Delegates at the Africa Dubai Precious Metals Forum, held in Accra, Ghana, agreed on a "call to action" to airlines, air transport companies and the global air authorities to "ban the hand-held personal carriage of gold in favour of adopting a cargo-only policy".

The cabin transportation of gold is generally legal around the world, subject to airline weight restrictions and customs regulations. Gold bars and finished jewellery are often flown between manufacturing and retail centres, including Dubai. - Thenational.ae


http://www.thedailyeconomist.com/2016/09/gold-authorities-looking-to-ways-to-get.html
 

the_shootist

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#2
WTF is a 'gold authority'?
 

Wellsburg

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#3
WTF is a 'gold authority'?

Evidently, government speak for new rules to limit our freedom to carry or ship gold on an airplane. I guess we should now feel bad that governments are "losing billions of dollars per year" in revenue because they are missing out on import and export taxes when normal people "smuggle" Krugerrands in their carry-on luggage.

This is proof that all the banks are bankrupt and all governments are desperate as hell to collect every cent they can steal from us. More rules, more taxes. Next will be more civil forfeiture. Then, cashless society. Then, gold and silver illegal to own. The Bible states that people will cast their gold into the streets at some point. Get ready.
 

the_shootist

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#4
WTF is a 'gold authority'?

Evidently, government speak for new rules to limit our freedom to carry or ship gold on an airplane. I guess we should now feel bad that governments are "losing billions of dollars per year" in revenue because they are missing out on import and export taxes when normal people "smuggle" Krugerrands in their carry-on luggage.

This is proof that all the banks are bankrupt and all governments are desperate as hell to collect every cent they can steal from us. More rules, more taxes. Next will be more civil forfeiture. Then, cashless society. Then, gold and silver illegal to own. The Bible states that people will cast their gold into the streets at some point. Get ready.
You can't breathe these days without getting taxed on it
 

Ebie

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#5
"Next will be more civil forfeiture.."
Has that happened to travelers yet?
I know that they sometimes take cash...
 

Uglytruth

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#6
How much farther can they push the public before getting bitten? :monster 4:
 
Last edited:

the_shootist

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How much farther can the push the public before getting bitten? :monster 4:
Ask the Russians how it worked out for them? Maybe ask the Germans in the 1930's? We haven't even begun to wake up Americans yet....only a relatively few of us actually get it
 

Uglytruth

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Filled a prescription. Was 90 pills for $10. Now it's $17.50 for the same amount. I looked at the guy & asked why the 75% increase..... policy.
Funny I have one to. FU I'll find them cheaper & not have to deal with you. Hope you get laid off dumb azz.
 

dacrunch

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#11
Silver plate a few of these as wear ons instead of carry ons would perhaps help. I have bought a few as presents...beautiful.
(I have no economic interest in this other than to say they do make nice presen)



http://www.thaibahtgold.com/
From the link =

23k - Baht Gold Chains are 96.5% pure gold

2 Baht Gold Necklace - 30.32 Grams
US$ 1830, plus US$ $48.50 Shipping

==============

So, less than one ounce for almost twice the price of spot... Rather pick stuff up at a pawn shop...
 

goldielox1

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#12
One of the few uses for some crypto currency. Moving from one country to another? Sell your real money for crypto, then buy real money back immediately in your new home with your crypto.
 

goldielox1

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#14
Or another way to transport your stash is to offer to pay Mr T's airline ticket to vacation at your destination if he'll wear your bullion on the flight with you.
 

Ragnarok

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#15
Money belt.

R.
 

Goldhedge

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#16
Silver plate a few of these as wear ons instead of carry ons would perhaps help. I have bought a few as presents...beautiful.
(I have no economic interest in this other than to say they do make nice presen)



http://www.thaibahtgold.com/
How do these prices equate to spot?
 

Ragnarok

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#17
Take the train!