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<p>[QUOTE=&quot;leoq, post: 710509, member: 20092&quot;]I have no idea of how big the magnitude of this law would be, but one thing I am sure...&nbsp; US Customs does not charge duties on Collectibles.&nbsp; This means that Collectible Gold or any other collectible item can can go out of this country without having to declare.&nbsp; At the same time collectibles can come in as duty free therefore non-declarable.&nbsp; That is how the narcotics cartels launder their profits and then resell them making a profit of bonafide items.&nbsp;&nbsp; </p><p>&nbsp;</p><p>I understand by this maybe not the regular JOE but the rich Joe can take out gold (collectible in the form he prefers) sell it on foreign countries, deposit his gainning on foreign (Swiss) bank account, come back home to US, and he will be clean as a whistle.&nbsp; </p><p>&nbsp;</p><p>On the other hand he can buy millions of $$$ worth of gold, paintings, work of arts of any form, bring it to US as &quot;Collectibnles&quot; and overpass US Custom/first line of protection. </p><p>&nbsp;</p><p>No IRS... </p><p>&nbsp;</p><p>Any thoughts?[/QUOTE]</p><p><br /></p>

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