brian0918 Posted April 30, 2010 Report Share Posted April 30, 2010 (edited) An American man was arrested at a Mexican airport for possessing 150 gold coins, and the coins have been confiscated. He was trying to deposit them in a bank in Panama. It was certainly stupid for him to transport them that way, given the government corruption in Mexico. What I find odd is the government/media trying to paint it as some sort of drug bust. They have a big photo of the coins laid out with a federale standing over them, and the news article randomly mentions the total weight of the coins ("five kilos, 33 grams") as if that somehow makes it more like a drug bust. I guess they're just trying to justify the fed's actions. I wonder what would have happened at an American airport. Edited April 30, 2010 by brian0918 Quote Link to comment Share on other sites More sharing options...
softwareNerd Posted April 30, 2010 Report Share Posted April 30, 2010 I wonder what would have happened at an American airport.I know that one has to make a declaration to U.S. Customs if one is coming in with more than $10,000 in the form of cash or "monetary instruments". Not sure if gold counts there. Separately,... Gold coins, medals and bullion, formerly prohibited, may be brought into the United States. However, under regulations administered by the Office of Foreign Assets Control, such items originating in or brought from Cuba, Iran, Burma (Myanmar) and most of Sudan are prohibited entry. Copies of gold coins are prohibited if not properly marked by country of issuance. Quote Link to comment Share on other sites More sharing options...
brian0918 Posted April 30, 2010 Author Report Share Posted April 30, 2010 (edited) I know that one has to make a declaration to U.S. Customs if one is coming in with more than $10,000 in the form of cash or "monetary instruments". Not sure if gold counts there. Note that I was asking what would *actually happen*, not what the policy says. Those tend to be two entirely different things. Edited April 30, 2010 by brian0918 Quote Link to comment Share on other sites More sharing options...
Steve D'Ippolito Posted April 30, 2010 Report Share Posted April 30, 2010 What I find odd is the government/media trying to paint it as some sort of drug bust. They have a big photo of the coins laid out with a federale standing over them, and the news article randomly mentions the total weight of the coins ("five kilos, 33 grams") as if that somehow makes it more like a drug bust. I guess they're just trying to justify the fed's actions. Gold, the Opiate of the Objectivists! Seriously... I suspect the five containers' worth of coins on our right are products of the US mint, either "eagles" or those Buffalo 1 oz pieces. A tube like that generally contains 20 coins, one of the eight tubes clearly only had ten coins in it. I didn't know gold was illegal in Mexico. Quote Link to comment Share on other sites More sharing options...
brian0918 Posted April 30, 2010 Author Report Share Posted April 30, 2010 (edited) Clearly the perp was planning to turn the gold into shavings, roll them up in the Benjamins, and light em up! Edited April 30, 2010 by brian0918 Quote Link to comment Share on other sites More sharing options...
Steve D'Ippolito Posted April 30, 2010 Report Share Posted April 30, 2010 Clearly the perp was planning to turn the gold into shavings, roll them up in the Benjamins, and light em up! If that's so he must have been smoking something (gold doesn't burn). Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.