Taking Silver and gold coins and bars into Singapore, which have a recognised hallmark and a purity of 999.9 is exempt from any import tax and any duties. If you sell your precious metals in Singapore they are also exempt from any Capital gains tax too! You will also be able to remit all funds from the sale of your precious metals out of Singapore without any problems, complications or restrictions. With these kind of incentives you can see why Singapore is not popular with USA and European Governments, who love to tax you at every opportunity. I know where I will be selling my P.M. when the time comes to do so!
Good information Hafise, thank you. SWP offers storage and trading in Singapore as well as part of our One Account, One World program: swpcayman.com/storage/locations
@@harryviking6347 The company in Singapore that I've read good reviews on and my personal friends in Singapore have checked out and purchased some Silver from is Bullion Star. The buy and sell precious metals. The have a refining operation too. The also offer safe storage facilities for peoples metals that are out of the banking system. They also will purchase your P.M. in return for crypto currency instead of paper fiat if you wish too. www.bullionstar.com
@@harryviking6347 That's great news knowing your a hop skip and a jump to Singapore! I 'm based in London but spend time in the Philippines. I've passed through Singapore many times but never toured around the place. I have friends there and with my Silver stack going to be sold at some point, It's a country I'm looking to get to know more intimately! I've noticed the vehicles there are right hand drive just like here in the UK! That's useful for me, but to buy a car there, that's another story!! lol I've heard the cost of vehicles can be up to x 4 than anywhere else. Are you familiar with Singapore? If you don't mind me asking, just curious, where are you based?
Good info! I do have a funny story: I left Germany and wrapped my polished 100g silver bar in half a roll of toilet paper as I had nothing else available.. got to the security check and the xray guys picked up the "metal box" on screen. Is this Ammo? ... I had to unpack my bag and show them its just a silver bar. So I was unwrapping the roll of toilet paper all over the counter with everyone watching, what a laugh, LOL, everyone just wondered why the hell I used toilet paper! I said: I spent all the rest of my cash on SILVER..ha,ha, no money left for posh silk wrapping!
Good information however a very close friend of mine travelled to 🇱🇰 Sri Lanka (this was 15 years ago) he was leaving from Hong Kong 🇭🇰 which at that time was a great place to buy and sell gold bars and coins. He was travelling with about $125,000 USD in Gold Bars that he had in a fisherman style hunting vest. He did not declare the Gold prior to going through 🇱🇰 customs and when they searched him they uncovered the gold Bars and essentially seize it…. He lost the Gold. Very very expensive mistake. I would advise to never travel with any amount of Gold to a Developing Country… the corruption at the airport customs is too risky
I was going into Moldova with a few rolls of silver quarters, dimes, and half dollars. The customs agents asked me about it, and I said it was coins. They thought they were batteries, and I showed them the coins inside of the roll. They let me through, no problems. I've never carried 99.9% pure silver on a plane though, just "junk silver."
Precious metals are generally legal to carry into most countries. You shouldn;t have a problem carrying bullion in, just declare it if it's over the limit.
When you bring gold bars, it should have inscribed the serial number, weight and the name of the manufacture. Other than that, you would be charged a percentage of duty tax depending on the gold bar . So Gold carried over this limit is subject to customs duty and if you exceed the limit you pay import duty of 33- 36 percent. In India people prefer buying gold from Dubai because it is a tax-free haven, which means you will not have to incur VAT or sales tax costs.
What about the need to carry documents to prove the origin of the precious metals? You can read some reports of people having had their gold seized by security officer or police officer at the departure airport, under laws against money laundering, as they could not prove that the gold was theirs and from a "clean" origin.
I arrived in Chile with $1400 worst of silver coin. I declare but they took it away because any thing that you bring which has a value of more than $1000 USD can only be taken out with a costume agent... I am trying to retrieve my coins but they will not only charge me 35% fees but storage and expensive agent fees... it my cost me more than the coins itself ... what and expensive mistake...my advice be careful where you go with silver or gold...
Sending metals through the US Post office as insured and registered parcels is relatively cheap and the safest way to ship. The fee is $17.85 over $1000 value for the shipping and $1.55 per $1000 of value up to $50,000 for the insurance.(USA fees) As an example, 500 silver eagles with a face value of $17 with a total value of $8500. (You would need to insure it for $9000) So, that would be $17.85 plus $13.95 for a total of $31.80. The weight of 500oz is 31.25 pounds. I cant imagine trying to carry 31 pounds in my carry on luggage and try to explain that to airport security. And the best part is, the post office provides that flat rate boxes. The post office is VERY particular about how you box and tape everything up. Registered packages are actually hand carried to vaults and safes and never just thrown on a shelf in the facility. There are several good You Tube videos showing how to properly prepare your package before they will accept it over the counter.
Hi ckeilah. It is what it is; I agree that most people don't like waiting in long lines, being spoken to rudely and then frisked. However, the important thing is to know what to expect and how to deal with it. Enjoy the other 8 episodes!
If you import gold into Germany, expect to provide proof of ownership (i.e. you did not steal it somewhere), and show where you did purchase it (anti money laundring rebulations). I think this is an EU thing, really. I'm not sure about Switzerland, it might be different there.
Hi Mark, thanks for sharing your knowledge. I have 2 questions. Pls bear with me. 1. The limit of USD50K is just about 1 kilo based on current spot price. If I carry and declare a higher amount, what is the practical limit in bringing in to the USA? 2. Don't authorities check the source of the precious metals? If I am able to source undocumented gold and bring it to the US, isn't it in danger of confiscation at the US airport?
I can't speak for gold but I have seen silver several times on the x-ray screens and it show as a black mass. The security folks are either bewildered or so hate their job they don't care.
The way I travel with precious metal is..... my jewelry!! Easiest way 40 gram silver necklace 5.1 gram gold bracelet and if you needed more you could look like mr. T LOL actually that's the only reason I wear jewelry is to keep precious metal on my person at all times in case of emergency
Below I copy and Paste what NZ Customs informed me about taking into NZ "legal Tender" silver or gold coins. Note for other forms the fineness of the metal will determine if you are taxed. There are three categories that the coins may fall within:
Coins that are used or circulated (or intended for use or circulation) The coins are exempt GST. For Customs purposes they are considered to be “cash” (we do not use the term “legal tender”). If you import NZ$10,000 or more of these coins you are required to declare on your NZ Passenger Arrival card that you are bringing into New Zealand a total of NZ$10,000 or more in cash and will also be required to complete a Border Cash Report. I can confirm that all American Eagle coins fall into this category.
Coins that are not considered to be “cash” but meet the definition of fine metal These coins are exempt GST and for Customs purposes are considered to be goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.
Coins that are not considered to be “cash” and do not meet the definition of fine metal These coins are subject to GST and for Customs purposes are considered to be goods. You have an allowance of NZ$700 which may be used for accompanied goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.
For coins that are not considered to be “cash” and other goods that you import, a Customs value must be established. For valuation purposes, the primary method of valuing imported goods is known as the transaction value system. In simple terms this is generally the purchase price paid for the goods. If, for any particular reason, the transaction value method may not be used there are secondary methods for establishing values. Gold bars, silver coins and silver shot are free of tariff duty. Goods that are considered to be a “fine metal”, as defined in section 2 of the Goods and Services Tax (GST) Act, are also exempt from GST. The GST exemption for fine metal applies to: • Gold, in any form, being gold of a fineness of not less than 99.5 percent. • Silver, in any form, being silver of a fineness of not less than 99.9 percent. • Platinum, in any form, being platinum of a fineness of not less than 99.0 percent.
Based on the information supplied in your e-mail the gold bars at 99.99% purity and the silver shot of 99.99% purity will be exempt GST. The gold bars at 96.5% purity will be subject to GST.
Without knowing the purity of the silver coins I am unable to advise if the GST exemption applies.
It is a requirement to declare on your New Zealand Passenger Arrival Card if you are carrying a total of NZ$10,000 or more in cash. I have attached our Advice to Travellers brochure - page number 7 provides information as to what constitutes “cash” for the purposes of this requirement.
In addition to the requirement to declare cash, you must also declare if you are carrying goods obtained overseas (or purchased duty free in NZ) that have a value of more than NZ$700.
Note that for circulating sovereign coins, such as the silver or gold Canadian Maple leaf, NZ customs considers these as "Cash" and they state you can take into NZ up to NZD$10,000 of the face value stated on the coin. For a CAD$50 1ozT gold Maple leaf this would mean about 166 coins at current CAD/NZD exchange rates with total intrinsic precious metal value of about USD$250,000 at today's gold spot price.
@Chen Chen To be safe declare everything even if it is GST exempt. The customs officer themselves will determine the exemption not you. You declare any goods obtained overseas with a combined total value NZD$700 on the Passenger Arrival Card typically handed out on your international flight aircraft just before you land or available before you pass through customs. Best to contact NZ customs directly by email to be 100% sure. Typically bullion bars will have their purity stamped on each bar. For silver shot whether customs will accept this in lieu of paperwork best ask to them directly by email : feedback @ customs . govt . nz
Interesting video. You don't address an obvious issue, however. Once you reveal your PM to customs you open yourself up to being mugged--as you continue on your travels--by accomplices to the customs clerk who have been tipped off.
@@nichill7474 It was a booming industry on aircraft flying in/out of Hong Kong and probably other SE Asian cities. They target your carry on bags while you're sleeping.
This answered some questions for me. I'm very particular about bullion. Were I to take it over seas to store in a vault such as say the Cayman islands I would rather hand deliver the metals and use it as an opportunity to take a vacation in the Cayman islands. Nearly all of my metals are stored in protective capsules and only to be touched by cotton gloves. I am reluctant to have gold coins shipped directly to a vault especially if they don't come from the dealer in a protective capsule. Stacking gold or silver coins in a container outside of a protective casing would drive me insane. I make an exception for generic silver rounds since I usually buy them in tubes. Assuming some one say purchased 50 10oz Queen's beast coins and had them shipped to an offshore vault would they remain in the mint capsules? Or if If I say purchased 10 1oz gold eagles could I arrange to have them shipped in capsules or placed into capsules once they arrive at the destination? I view bullion as art, many see the metal content as the value which it is but I enjoy having pristine bars, coins and rounds. Dented, scratched or otherwise blemished bullion bothers me. Much like a car enthusiast would be irate if some one damaged his Porsche I would be upset to have my metals damaged.
Hello Booker, Once metals are received in our vault they go through a verification process, and are counted to make sure the amount shipped is the amount received. They are then stored in capsule containers and in an air tight bin. For more information on our storage, please visit the following web page: swpcayman.com/storage. Don't forget to take a look at our FAQs while you visit our website ! Please let us know if you have any other questions, you can either message our Live Chat during business hours or email us at info@swpcayman.com. Thank you for your interest in SWP !
Not India or Nepal!!! You can’t import gold to those countries - unless it is your personal, wearable jewelry. Best case scenario: your gold coins or bullion will be confiscated and not returned to you until you leave the country again. (I know a woman who had this happen to her in India.) Worst case scenario: if you don’t declare it, (i.e. they think you are smuggling it) then it may be permanently confiscated and/or you may get jail time! The Nat Geo channel had an episode of “Jailed Abroad” about three British guys jailed in Nepal just for this. I have flown in and out of India myself multiple times, and they *are* looking for gold. After clearing customs and immigration, but before you get your checked bags (which are also scanned in back), they will scan your carry-ons and jackets - specifically looking for gold being smuggled! I asked about this at Chennai, because it seemed ridiculous to me for my carry-ons to go through yet another scanner after getting off a flight and clearing immigration. Where would I get any “contraband” between then and now?! They flatly said, they were looking for illegal gold importers. This is a long standing practice - over the last twenty years for sure - and probably longer. I was expecting this presenter, Mark, to say: “Is it legal to carry precious metals into a foreign country? . . . It depends!” But his limited experience isn’t giving people the REAL warnings that they may need! It depends!
Smuggling gold and declaring it legally are two much different things. That's why I suggest you always declare it and warn people to do their research first (i.e. if it were illegal to import into a country).
Martin Dobrev Find out the rules and regulations for Bulgaria when entering with precious metals but I do not think you will need documentation for your precious metals.Moreover, declare your items and do not think you will have a problem.
Hi Harry, we certainly don't encourage smuggling (if you get caught, you risk loosing the product and a fine), but we do understand your dilemma. Note; there is no import tariffs in the Cayman Islands (where our primary vault is located), so you should consider buy and storing with us. We handle all of the logistics as well. Easy!
Toi Cheung just buy a sailboat and sail elsewhere like Thailand and then ship it. Or just liquidate all that gold and transfer the cash in another country and buy gold there
Someone commented elsewhere that he avoids having money in the bank by redeeming his gold through a gold exchange. He has the proceeds loaded onto a prepaid card. Any idea how he does this?
In the third world countries I have been through, the agent will call a buddy to follow you out and rob you after you leave the airport. You have to be clever about how to lose the tail after you get through customs.
@@chumleyk Racist? Against which race, in particular? Against whites in South Africa or Belize? Hispanics in Mexico? Asians in Philippines? Blacks in Somalia? Which race was targeted? Its an economic thing, not a racist thing; in poor countries, this happens. If you feel that poverty implies a certain race, then perhaps it is you that has the racist perspective?
Hi Kevin - Yes! Become a client, buy a big stack of gold, and then you are welcome to come on down and inspect it in person. Enjoy the rest of the series and thanks for the laugh!
It depends which country you are travelling FROM and which country you are travelling TO. Leaving from UAE you need to have paperwork proving the ownership, and you go through customs as well as security.
@@optamis1989 40 oz of silver or about 1 1/4 oz of gold is OK because it under the 200,000 yen duty free threshold. If you go over, they will tax 10% on the full amount. The Japan customs form will ask if you are carrying any gold bullion as well.
It really shouldn't be any of the TSA's business what and why I'm carrying through onto the airplane as long as it's not on the prohibited list of items.
Saudi Arabia does allow personal jewelry but does restrict how many strands of pearls one can import as personal gifts. I think it is like 10 strands. They are somewhat particular about pearls.
Hi,, Thank you,, would you please tell us about bringing golf bars to Australia and Canada. Why last week there was in news that a a Chinese lady was cough transferring a $20,000 from Canada to US?
@@BlueToronto Thank you,, by Illegally you mean she did not declare that she has gold in her bag, or that she was entering without having appropriate entry permit.
I have heard bad stories from women whom have done that. They had the jewelry either confiscated or surrendered it due to not wanting to pay the VAT when leaving. You can only take so much and they somehow evaluated/weighed the gold she was wearing. Of course she looked like Mr. T. She had repeated incidents like this trying to leave the Jordanian airport.
That was Liz Taylor, a Hollywood elite star is not your average John Doe. They can even come and go through countries without even quarantine during cv, even while the world is in lockdown. Different strokes for different folks…
Let's say I'm going to England with English coins with a face value of 5 pounds , a melt price of 40 usd and a numismatic value of 500 usd ? Declare the melt still ?
Hello Ea - you'll only have to declare it if the market value of the metal is above the declaration limit for the UK, or if it's for commercial resale/purposes.
Hello guys, do you know HS code for a credit suisse? I'm from Mexico, i would like to know if i have to pay taxes for importing a credit suisse from APMEX
Depending on which country I'm travelling to I'd probably slip my coins our of the capsules and our them in my purse along with my other currency. Certain countries do not have trustworthy customs agents and declaring is like sending a lamb to slaughter
I must to pay taxes again when I entering other country? I paying taxes 20% vat in europ any way when I buying silver. I must pay taxes not just ones. please explain me?
If you buy and store silver in a country that does not have VAT on silver (example Cayman or Canada), you never have to pay VAT (unless you bring it back into your country). But theoretically, you can store it with SWP until you sell it in the future and avoid all sales taxes.
i have 200x 1oz gold bars & coins . i need to fly to europe ( poland ) . I am very afraid of the question of where do I have it, etc. Do I have to present a proof of purchase at the border?
but i think there's a limit on value , i think $10,000 if it's over that you must declare it, and i'm not sure if then you are charged taxes if you're over that limit.
Does anyone know if leaving Germany airport with a couple-gold bar is illegal? My research says, not there but subject to U.S. Customs. My fiancee is leaving Frankfurt & she had 2. bars in luggage. Help,
In most cases you don't (as of today) because the value of that is less than 10.000 euro/usd. (yours is currently listed at around 7500$). However check to the countries you are going to make sure they don't have a smaller limit. If you do need to declare it, you should enter the "red" not "green" aisle, which says something like "goods to declare". You may ask your airline representative if they have any goods declaration forms on the plane, but not sure if they will
I don’t believe it. I believe that customs and security will hassle you and most likely confiscate your metals. Oh ,you may get them back, but not for a very very long time and not without a bunch of red tape.
Taking Silver and gold coins and bars into Singapore, which have a recognised hallmark and a purity of 999.9 is exempt from any import tax and any duties.
If you sell your precious metals in Singapore they are also exempt from any Capital gains tax too!
You will also be able to remit all funds from the sale of your precious metals out of Singapore without any problems, complications or restrictions.
With these kind of incentives you can see why Singapore is not popular with USA and European Governments, who love to tax you at every opportunity.
I know where I will be selling my P.M. when the time comes to do so!
Good information Hafise, thank you. SWP offers storage and trading in Singapore as well as part of our One Account, One World program: swpcayman.com/storage/locations
Interesting. Will take it into consideration later on if need safe storage. tks.
@@harryviking6347 The company in Singapore that I've read good reviews on and my personal friends in Singapore have checked out and purchased some Silver from is Bullion Star. The buy and sell precious metals. The have a refining operation too. The also offer safe storage facilities for peoples metals that are out of the banking system. They also will purchase your P.M. in return for crypto currency instead of paper fiat if you wish too.
www.bullionstar.com
@@hafiseanwar1366 TKS for info! I stay most of the year close to singapore...
@@harryviking6347 That's great news knowing your a hop skip and a jump to Singapore!
I 'm based in London but spend time in the Philippines. I've passed through Singapore many times but never toured around the place.
I have friends there and with my Silver stack going to be sold at some point, It's a country I'm looking to get to know more intimately!
I've noticed the vehicles there are right hand drive just like here in the UK!
That's useful for me, but to buy a car there, that's another story!! lol
I've heard the cost of vehicles can be up to x 4 than anywhere else.
Are you familiar with Singapore?
If you don't mind me asking, just curious, where are you based?
Good info! I do have a funny story: I left Germany and wrapped my polished 100g silver bar in half a roll of toilet paper as I had nothing else available.. got to the security check and the xray guys picked up the "metal box" on screen. Is this Ammo? ... I had to unpack my bag and show them its just a silver bar. So I was unwrapping the roll of toilet paper all over the counter with everyone watching, what a laugh, LOL, everyone just wondered why the hell I used toilet paper! I said: I spent all the rest of my cash on SILVER..ha,ha, no money left for posh silk wrapping!
haha
Good information however a very close friend of mine travelled to 🇱🇰 Sri Lanka (this was 15 years ago) he was leaving from Hong Kong 🇭🇰 which at that time was a great place to buy and sell gold bars and coins. He was travelling with about $125,000 USD in Gold Bars that he had in a fisherman style hunting vest. He did not declare the Gold prior to going through 🇱🇰 customs and when they searched him they uncovered the gold Bars and essentially seize it…. He lost the Gold. Very very expensive mistake. I would advise to never travel with any amount of Gold to a Developing Country… the corruption at the airport customs is too risky
Would never feel comfortable with the TSA getting near my metals. Can't even be trusted with cash or electronics.
Yes, what's to stop them from taking it?
@@jquint57 I could just get the a full ride to jail. Lol just posing the idea of taking personal property can get someone roped lol.
Just found this channel, what a gem!
Glad you like it Carlos. Be sure to share the channel with other gold and silver enthusiasts.
I was going into Moldova with a few rolls of silver quarters, dimes, and half dollars. The customs agents asked me about it, and I said it was coins. They thought they were batteries, and I showed them the coins inside of the roll. They let me through, no problems. I've never carried 99.9% pure silver on a plane though, just "junk silver."
Precious metals are generally legal to carry into most countries. You shouldn;t have a problem carrying bullion in, just declare it if it's over the limit.
@@SWPCayman I know. Judging by the response, you didn't even read my comment.
When you bring gold bars, it should have inscribed the serial number, weight and the name of the manufacture. Other than that, you would be charged a percentage of duty tax depending on the gold bar . So Gold carried over this limit is subject to customs duty and if you exceed the limit you pay import duty of 33- 36 percent.
In India people prefer buying gold from Dubai because it is a tax-free haven, which means you will not have to incur VAT or sales tax costs.
Excellent video. Exactly what i was looking for.
Thank you Vince, that's exactly what we wanted to hear. Enjoy the other eight episodes!
Some $19/h worker will definitely be interested in your gold bars. Might want to keep it too.
Tehy may tell their fed colleges and "civil forfeiture" it like they do with cash...
What about the need to carry documents to prove the origin of the precious metals? You can read some reports of people having had their gold seized by security officer or police officer at the departure airport, under laws against money laundering, as they could not prove that the gold was theirs and from a "clean" origin.
I arrived in Chile with $1400 worst of silver coin. I declare but they took it away because any thing that you bring which has a value of more than $1000 USD can only be taken out with a costume agent... I am trying to retrieve my coins but they will not only charge me 35% fees but storage and expensive agent fees... it my cost me more than the coins itself ... what and expensive mistake...my advice be careful where you go with silver or gold...
Liked the video, never knew is it easy or not to travel with precious metals
Hi Zack, definitely not as hard as most people think. But the key is to be prepared and remain calm!
Sending metals through the US Post office as insured and registered parcels is relatively cheap and the safest way to ship. The fee is $17.85 over $1000 value for the shipping and $1.55 per $1000 of value up to $50,000 for the insurance.(USA fees) As an example, 500 silver eagles with a face value of $17 with a total value of $8500. (You would need to insure it for $9000) So, that would be $17.85 plus $13.95 for a total of $31.80. The weight of 500oz is 31.25 pounds. I cant imagine trying to carry 31 pounds in my carry on luggage and try to explain that to airport security. And the best part is, the post office provides that flat rate boxes. The post office is VERY particular about how you box and tape everything up. Registered packages are actually hand carried to vaults and safes and never just thrown on a shelf in the facility. There are several good You Tube videos showing how to properly prepare your package before they will accept it over the counter.
How safe do you feel now shipping insured through USPS after the craziness of the last 2 1/2 years?
If you don't hold it, you don't own it.
Hey Juan, I am always blessed to catch you.here on youtube. Have a blessed day.
It’s hardly “security”; at best, it’s “security theater”. Call it what it is: rights violation checkpoint.
Hi ckeilah. It is what it is; I agree that most people don't like waiting in long lines, being spoken to rudely and then frisked. However, the important thing is to know what to expect and how to deal with it. Enjoy the other 8 episodes!
rights violation? You don't have the right to carry whatever you want on a public aircraft.
If you go on a private jet thats another question
I agree with you completely, neither they nice nor discreet with you or your PM at airport.
Marius M please rephrase that. I’m not understanding your point.
@@ckeilah WTF are you talking about guy?? Lay off the drugs because you can't be serious.
Mr Yaxley,
I can only imagine the sheer number of gold diggers that throw themselves at you
I flew from the us to Germany with $10k in silver. No issues. They just opened the box and said ok, you can go lol.
These are incredible. Getting to experience this even if online thanks for sharing and keep making these. Excellent seeing true size
If you import gold into Germany, expect to provide proof of ownership (i.e. you did not steal it somewhere), and show where you did purchase it (anti money laundring rebulations). I think this is an EU thing, really. I'm not sure about Switzerland, it might be different there.
Swiss don't care just tell that you are willing to put on their banks
shit countries like usa.
Does this apply to the US?
Hi Mark, thanks for sharing your knowledge. I have 2 questions. Pls bear with me.
1. The limit of USD50K is just about 1 kilo based on current spot price. If I carry and declare a higher amount, what is the practical limit in bringing in to the USA?
2. Don't authorities check the source of the precious metals? If I am able to source undocumented gold and bring it to the US, isn't it in danger of confiscation at the US airport?
I want to know too
I can't speak for gold but I have seen silver several times on the x-ray screens and it show as a black mass. The security folks are either bewildered or so hate their job they don't care.
That's correct Johnny, comes up as a 'black hole' as I like to call it.
@@SWPCayman how gold appears on their screen? Thank you in advance
Mark, good video. Need a special episode for Japan (and India is over the top too I hear).
Thank you so much, that is exactly what I needed to know.
Glad it was helpful
The way I travel with precious metal is..... my jewelry!! Easiest way 40 gram silver necklace 5.1 gram gold bracelet and if you needed more you could look like mr. T LOL actually that's the only reason I wear jewelry is to keep precious metal on my person at all times in case of emergency
Below I copy and Paste what NZ Customs informed me about taking into NZ "legal Tender" silver or gold coins. Note for other forms the fineness of the metal will determine if you are taxed.
There are three categories that the coins may fall within:
Coins that are used or circulated (or intended for use or circulation)
The coins are exempt GST. For Customs purposes they are considered to be “cash” (we do not use the term “legal tender”). If you import NZ$10,000 or more of these coins you are required to declare on your NZ Passenger Arrival card that you are bringing into New Zealand a total of NZ$10,000 or more in cash and will also be required to complete a Border Cash Report. I can confirm that all American Eagle coins fall into this category.
Coins that are not considered to be “cash” but meet the definition of fine metal
These coins are exempt GST and for Customs purposes are considered to be goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.
Coins that are not considered to be “cash” and do not meet the definition of fine metal
These coins are subject to GST and for Customs purposes are considered to be goods. You have an allowance of NZ$700 which may be used for accompanied goods. If you import goods obtained overseas with a total value of NZ$700 or more, you are required to declare these on the NZ Passenger Arrival card.
For coins that are not considered to be “cash” and other goods that you import, a Customs value must be established. For valuation purposes, the primary method of valuing imported goods is known as the transaction value system. In simple terms this is generally the purchase price paid for the goods. If, for any particular reason, the transaction value method may not be used there are secondary methods for establishing values.
Gold bars, silver coins and silver shot are free of tariff duty.
Goods that are considered to be a “fine metal”, as defined in section 2 of the Goods and Services Tax (GST) Act, are also exempt from GST.
The GST exemption for fine metal applies to:
• Gold, in any form, being gold of a fineness of not less than 99.5 percent.
• Silver, in any form, being silver of a fineness of not less than 99.9 percent.
• Platinum, in any form, being platinum of a fineness of not less than 99.0 percent.
Based on the information supplied in your e-mail the gold bars at 99.99% purity and the silver shot of 99.99% purity will be exempt GST. The gold bars at 96.5% purity will be subject to GST.
Without knowing the purity of the silver coins I am unable to advise if the GST exemption applies.
It is a requirement to declare on your New Zealand Passenger Arrival Card if you are carrying a total of NZ$10,000 or more in cash. I have attached our Advice to Travellers brochure - page number 7 provides information as to what constitutes “cash” for the purposes of this requirement.
In addition to the requirement to declare cash, you must also declare if you are carrying goods obtained overseas (or purchased duty free in NZ) that have a value of more than NZ$700.
Note that for circulating sovereign coins, such as the silver or gold Canadian Maple leaf, NZ customs considers these as "Cash" and they state you can take into NZ up to NZD$10,000 of the face value stated on the coin. For a CAD$50 1ozT gold Maple leaf this would mean about 166 coins at current CAD/NZD exchange rates with total intrinsic precious metal value of about USD$250,000 at today's gold spot price.
Having said that there are many jurisdictions with dodgy customs officers that I would never attempt to travel with precious metals into.
@Chen Chen To be safe declare everything even if it is GST exempt. The customs officer themselves will determine the exemption not you. You declare any goods obtained overseas with a combined total value NZD$700 on the Passenger Arrival Card typically handed out on your international flight aircraft just before you land or available before you pass through customs. Best to contact NZ customs directly by email to be 100% sure. Typically bullion bars will have their purity stamped on each bar. For silver shot whether customs will accept this in lieu of paperwork best ask to them directly by email : feedback @ customs . govt . nz
Thank you for sharing that detailed information Pete, very helpful and I agree 100%
I brought some gold to England a couple of years ago. I saw the scans and it showed up as a huge black spot. They never even asked.
Yeah, it always surprises me when they don;t say anything, but best to be prepared.
Interesting video. You don't address an obvious issue, however. Once you reveal your PM to customs you open yourself up to being mugged--as you continue on your travels--by accomplices to the customs clerk who have been tipped off.
@@nichill7474 It was a booming industry on aircraft flying in/out of Hong Kong and probably other SE Asian cities. They target your carry on bags while you're sleeping.
This answered some questions for me. I'm very particular about bullion. Were I to take it over seas to store in a vault such as say the Cayman islands I would rather hand deliver the metals and use it as an opportunity to take a vacation in the Cayman islands. Nearly all of my metals are stored in protective capsules and only to be touched by cotton gloves. I am reluctant to have gold coins shipped directly to a vault especially if they don't come from the dealer in a protective capsule. Stacking gold or silver coins in a container outside of a protective casing would drive me insane. I make an exception for generic silver rounds since I usually buy them in tubes. Assuming some one say purchased 50 10oz Queen's beast coins and had them shipped to an offshore vault would they remain in the mint capsules? Or if If I say purchased 10 1oz gold eagles could I arrange to have them shipped in capsules or placed into capsules once they arrive at the destination? I view bullion as art, many see the metal content as the value which it is but I enjoy having pristine bars, coins and rounds. Dented, scratched or otherwise blemished bullion bothers me. Much like a car enthusiast would be irate if some one damaged his Porsche I would be upset to have my metals damaged.
Hello Booker, Once metals are received in our vault they go through a verification process, and are counted to make sure the amount shipped is the amount received. They are then stored in capsule containers and in an air tight bin. For more information on our storage, please visit the following web page: swpcayman.com/storage. Don't forget to take a look at our FAQs while you visit our website ! Please let us know if you have any other questions, you can either message our Live Chat during business hours or email us at info@swpcayman.com. Thank you for your interest in SWP !
Thanks very much for the information
"these are just my coins collection sir"
"I never seen a collection which all coins are the same"
"I like to be consistent"
Hahahaha
Wow. What a great video Mark!
Thank you
Useful information. Thank you.
Not India or Nepal!!! You can’t import gold to those countries - unless it is your personal, wearable jewelry. Best case scenario: your gold coins or bullion will be confiscated and not returned to you until you leave the country again. (I know a woman who had this happen to her in India.) Worst case scenario: if you don’t declare it, (i.e. they think you are smuggling it) then it may be permanently confiscated and/or you may get jail time! The Nat Geo channel had an episode of “Jailed Abroad” about three British guys jailed in Nepal just for this. I have flown in and out of India myself multiple times, and they *are* looking for gold. After clearing customs and immigration, but before you get your checked bags (which are also scanned in back), they will scan your carry-ons and jackets - specifically looking for gold being smuggled! I asked about this at Chennai, because it seemed ridiculous to me for my carry-ons to go through yet another scanner after getting off a flight and clearing immigration. Where would I get any “contraband” between then and now?! They flatly said, they were looking for illegal gold importers. This is a long standing practice - over the last twenty years for sure - and probably longer. I was expecting this presenter, Mark, to say: “Is it legal to carry precious metals into a foreign country? . . . It depends!” But his limited experience isn’t giving people the REAL warnings that they may need! It depends!
Smuggling gold and declaring it legally are two much different things. That's why I suggest you always declare it and warn people to do their research first (i.e. if it were illegal to import into a country).
I finally found the right video.
Martin Dobrev Find out the rules and regulations for Bulgaria when entering with precious metals but I do not think you will need documentation for your precious metals.Moreover, declare your items and do not think you will have a problem.
@@Speedy300 .
Really good, thank you from the UK
I have to smuggle it into my country as there is VAT of all things on it!! 25 pct!!
Hi Harry, we certainly don't encourage smuggling (if you get caught, you risk loosing the product and a fine), but we do understand your dilemma. Note; there is no import tariffs in the Cayman Islands (where our primary vault is located), so you should consider buy and storing with us. We handle all of the logistics as well. Easy!
What country ?
@@markwoods6684 ....somewhere north...lol!
i had to pay tax for my silver coins in central america and got hassled by many security officers as i travelled through C.A Also custom officers.
Great video, sounds like you've travelled with pm more than a few times. Keep up the great content.
Thanks Mark, you answered alot of pertainant questions...
Glad it was helpful!
China custom only allows 50 grams of gold to depart with you.
Toi Cheung just buy a sailboat and sail elsewhere like Thailand and then ship it.
Or just liquidate all that gold and transfer the cash in another country and buy gold there
@@saosaqii5807 China limits the amount of cash it's citizens are allowed to spend outside the country.
Master of Mundus
That’s where casinos come in
Especially those in Macou
Blow the Chinese authorities
Someone commented elsewhere that he avoids having money in the bank by redeeming his gold through a gold exchange. He has the proceeds loaded onto a prepaid card. Any idea how he does this?
In the third world countries I have been through, the agent will call a buddy to follow you out and rob you after you leave the airport. You have to be clever about how to lose the tail after you get through customs.
Just curious. Why would you travel with gold? Do you live there, is it recreation, business?
@@A_Box Well done, you have fallen for a racist joke from a guy who has never had a passport.
@@chumleyk its real. it happens a lot. specially when money is involved.
I have thought about that. It's scary!!
@@chumleyk
Racist? Against which race, in particular?
Against whites in South Africa or Belize?
Hispanics in Mexico?
Asians in Philippines? Blacks in Somalia?
Which race was targeted?
Its an economic thing, not a racist thing; in poor countries, this happens. If you feel that poverty implies a certain race, then perhaps it is you that has the racist perspective?
Hi. Is there any difference between carrying legal silver currency coins vs numismatic silver coins (or golf)? Will it be different in taxes?
Can I ask you a question in person? I want to inspect that big stack of gold bars behind you, please and thank you.
Hi Kevin - Yes! Become a client, buy a big stack of gold, and then you are welcome to come on down and inspect it in person. Enjoy the rest of the series and thanks for the laugh!
It depends which country you are travelling FROM and which country you are travelling TO.
Leaving from UAE you need to have paperwork proving the ownership, and you go through customs as well as security.
Excellent comment Shakaraman, thank you for sharing it with the community.
Which I think is quite reasonable.
@@abdulrahmanshiker3357 Absolutely, at the end of the day its for your own protection
Japan will sting you for 10% "consumption tax" upon arrival. No getting around it either.
is this including smaller amounts of bullion? For example if I was traveling with around 40 oz of silver?
@@optamis1989 40 oz of silver or about 1 1/4 oz of gold is OK because it under the 200,000 yen duty free threshold. If you go over, they will tax 10% on the full amount. The Japan customs form will ask if you are carrying any gold bullion as well.
@@goldplayer7182 thanks for the info
Don't give the Japanese any excuse to arrest you - their system is really awful. Everyone is found guilty. It's like the Cardassian justice system.
@@optamis1989 you are probably OK with small amounts.
Excellent
Thank you Stephen, be sure to enjoy the other eight videos in the series. All are available on our channel.
hello please have anyone ever travel from and African country to Dubai?
What is the answer to" why are you taking the gold with you, and what are you doing with it"!
It's illegal to own gold bullion-coins and bars- in Sri Lanka. And it's illegal to bring them into the country.
Thanks, never cared to go there & never will.
#Gold & #Silver to the 🌕
Sound Money > fiat currency
What about fly from Orlando to PHX? Any value limit?
Any information about Australia?
What about very expensive gold jewellery (large amount)?
Thank you
You're welcome David, glad you enjoyed. Be sure to subscribe to our channel and enjoy the rest of the videos!
In Bangladesh you cannot carry more than 200grams of gold. You have to declare it and have to pay Tax.
Good to be educated
Very Important!
what about bringing a 1kg silver coin from Australia back into Canada?
Dats a huge stack!
Hey guy I just found your channel I want to ask you a question can I carry 200 oz silver bar and travel from US
It really shouldn't be any of the TSA's business what and why I'm carrying through onto the airplane as long as it's not on the prohibited list of items.
Saudi Arabia does allow personal jewelry but does restrict how many strands of pearls one can import as personal gifts. I think it is like 10 strands. They are somewhat particular about pearls.
Bill Smith damn ..so much thanks 4 this info,i wouldnt even thought about pearls in south arabia👍🏽
HI, but I want to know if is a maximum to carry? thanks
Hi,, Thank you,, would you please tell us about bringing golf bars to Australia and Canada.
Why last week there was in news that a a Chinese lady was cough transferring a $20,000 from Canada to US?
She was trying to cross the border illegally.
@@BlueToronto Thank you,, by Illegally you mean she did not declare that she has gold in her bag, or that she was entering without having appropriate entry permit.
I highly recommend *CYBER_BEARMOPOL _ ON INSTAGRAM* who successfully delivered mine.
Good info....
Liz Taylor use to travel with over a million dollars worth of jewelry on her customs never pays attention to jewelry
I have heard bad stories from women whom have done that. They had the jewelry either confiscated or surrendered it due to not wanting to pay the VAT when leaving. You can only take so much and they somehow evaluated/weighed the gold she was wearing. Of course she looked like Mr. T. She had repeated incidents like this trying to leave the Jordanian airport.
That was Liz Taylor, a Hollywood elite star is not your average John Doe. They can even come and go through countries without even quarantine during cv, even while the world is in lockdown. Different strokes for different folks…
Are they going to ask for receipts if traveling domestically in usa ?
I highly recommend *CYBER_BEARMOPOL _ ON INSTAGRAM* who successfully delivered mine.
What about taking gold bars out of Turkey to the states?
Let's say I'm going to England with English coins with a face value of 5 pounds , a melt price of 40 usd and a numismatic value of 500 usd ? Declare the melt still ?
Hello Ea - you'll only have to declare it if the market value of the metal is above the declaration limit for the UK, or if it's for commercial resale/purposes.
Good information... 👍
Thank you Dave. Please enjoy the other eights episodes that can all be found on our TH-cam channel.
How about carrying precious gold and silver coins here in the Philippines Sir more than US$15,000
Do you have any idea,?
Is there any tax?
Hello guys, do you know HS code for a credit suisse? I'm from Mexico, i would like to know if i have to pay taxes for importing a credit suisse from APMEX
Interesting
Thank you for the feedback MakeMoneyHobby.com. Please share with other gold and silver enthusiasts. All nine episodes are available on our channel.
Need to discuss the face value or metal value.
How about domestic travel in the USA? Any concerns?
What if you take PM to another country and sell them? Or take them there for the purpose of selling them, is that legal or taxable?
All countries assume that is what you are going to do
Depending on which country I'm travelling to I'd probably slip my coins our of the capsules and our them in my purse along with my other currency. Certain countries do not have trustworthy customs agents and declaring is like sending a lamb to slaughter
What is the most you've carried through an airport? I can just imagine someone trying to haul a few of those 1000 oz bars through.
Legal amount is 10k worth
@@bar8665 You can actually take more than that, you just have to declare it if travelling internationally.
What about Australia? Do you have to pay Tarrf tax?
They tax you but if you say only personal collection and you not planing to sell them just take those around and go out again with them
Lots of Gold & silver bar in background, are those yours ??? Which place it is
weaponized cretin
So if I'm travelling with gold jewellery LESS than 10K do I still have to declare it?
Hello. Thanks for your videos!
Can you bring gold nuggets to USA? no more than $ 10,000 worth. what are the regulations on that. Thanks a lot.
I must to pay taxes again when I entering other country? I paying taxes 20% vat in europ any way when I buying silver. I must pay taxes not just ones. please explain me?
If you buy and store silver in a country that does not have VAT on silver (example Cayman or Canada), you never have to pay VAT (unless you bring it back into your country). But theoretically, you can store it with SWP until you sell it in the future and avoid all sales taxes.
@@SWPCayman I am living in UK and I paning to move to Lithuania.
i have 200x 1oz gold bars & coins . i need to fly to europe ( poland ) . I am very afraid of the question of where do I have it, etc. Do I have to present a proof of purchase at the border?
It’s been 10 months since you asked the question, so what happened?
Hello..what about semi-numismatic coins value, do they apply it's commercial price or one may declare the value of qty of metal ?
Hi David, I recommend using the metal content value for your declarations, which is in your favor when it comes to collectables.
but i think there's a limit on value , i think $10,000 if it's over that you must declare it, and i'm not sure if then you are charged taxes if you're over that limit.
Do you need to carry with you certificates or any proof of purchase?
It’s best to have receipts, otherwise they may look at it as money laundering
Does anyone know if leaving Germany airport with a couple-gold bar is illegal? My research says, not there but subject to U.S. Customs. My fiancee is leaving Frankfurt & she had 2. bars in luggage. Help,
How did it all go? Was she able to bring the bars into the U.S.?
What about an expensive watch?
how need to declare my silver 500oz? what I must todo and where?
In most cases you don't (as of today) because the value of that is less than 10.000 euro/usd. (yours is currently listed at around 7500$). However check to the countries you are going to make sure they don't have a smaller limit. If you do need to declare it, you should enter the "red" not "green" aisle, which says something like "goods to declare". You may ask your airline representative if they have any goods declaration forms on the plane, but not sure if they will
would it be much easier to mail it?
The fact that people bend like to to government is a joke... government makes
Me sick
Does it also apply to customs in China PR?
Dont bother. They just let you leave with the gold equivalent of a shitty wedding ring.
@@chumleyk HAHA. Much better than death penalty in DPRK;)
I've heard India has some hefty taxes on gold being brought into the country.
I don’t believe it. I believe that customs and security will hassle you and most likely confiscate your metals. Oh ,you may get them back, but not for a very very long time and not without a bunch of red tape.
No. No instances. I'm just speculating in the new normal atmosphere we live in now.
50 second intro is way too long
@@ryanbailey3176 beyond insanity
If you were going to travel with precious metal, who would be the people to ask?
You skipped the part about bringing it in your carry on and don’t check it!
you never know what to expect from customs people