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    Wearable Wealth: A New Way To Hold Gold

    'Gold Without Borders' bullion jewelry
    by Adam Taggart

    Tuesday, November 10, 2020, 9:42 AM

How should I own gold? is a question frequently asked of us.

And the answer depends on what your goals are, what your risk tolerance is, and how much you already own. Which is why we put together this free comprehensive Primer On How To Buy And Store Gold & Silver.

But every once in a while, we encounter a novel way to hold gold that we think is worthy of consideration.

In past years, we featured the aurum, a way to carry fractional grams of gold in your wallet in the exact same manner as the dollar bills already in there.

And this year, our good friends at GoldSilver.com have approached us about their expanding line of “wearable” gold.

It’s investment-grade gold jewelry that looks like any other necklace or bracelet to a border officer or fellow traveler—but to you, it’s a portable store of wealth.

And of course it can be an insurance policy in the event you need money down the road.

Reporting Is Becoming More Restrictive

Why is this important?

Because if you, like many PP readers, want the option of being able transport some of your wealth easily and discretely in a time of crisis, gold held in jewelry form has some substantial advantages over coins.

As GoldSilver.com’s senior analyst Jeff Clark recently noted:

Check out this update from the US Customs and Border Protection (emphasis mine):

What constitutes as “Negotiable Monetary Instruments” for currency reporting requirements?

Negotiable monetary instruments that must be reported by travelers or persons sending or receiving them (other than by electronic means by a banking concern) are:

  • Coin or currency from the U.S. and/or other countries, including gold coins*
  • Travelers Checks
  • Checks, promissory notes or money orders that can be cashed by the bearer. This includes checks or money orders made out to someone other than the bearer that are endorsed without restriction(i.e. for deposit only.), and incomplete checks, money orders, promissory notes that are signed but on which the name of the payee has been omitted (the “To” line is left blank)
  • Securities or stocks in bearer form

Gold Bullion is not a monetary instrument for purposes of this requirement, but still must be declared upon entry.

*There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer. Please note a FinCEN 105 form must be completed at the time of entry for monetary instruments over $10,000. This includes currency, ie. gold coins, valued over $10,000.

And this page adds this helpful clarification:

If you have doubt whether your gold/gold coin is considered a monetary instrument it is in your best interest to declare the item(s) with a CBP Officer, so you do not give a false declaration.

First, this new language makes clear that it is the value of the gold coins that determine if you are at the $10,000 reporting limit. It doesn’t matter that a one-ounce gold Eagle lists $50 on it… the regulation states it is the coin’s worth that determines the reporting value. That means at $1,200 gold, the maximum number of coins you can carry without reporting is 7. At near $1,900 gold, you can’t carry more than 5. 

And if you’re unclear about whether you should report your gold bullion, the US Customs and Border Protection agency advises that you go ahead and report it anyway.

With this specific language, you have little excuse if you don’t report properly. You could be subject to detainment and penalties, and your gold could be confiscated. And based on my experience, who knows what else could happen?

To be clear, you are legally permitted to cross into the US with gold bullion. But the risk of doing so has risen. And the net result is that you’ve lost your privacy, your confidentiality. And by the way, if you do declare your gold coins, how secure is that info? The US government has demonstrated that it is not immune from data breaches.

Wearable Wealth

Because it is not a monetary instrument, investment-grade gold jewelry isn’t subject to the restrictions above.

It’s benefits include:

  • Makes traveling and transporting your money simpler and easier, and keeps it always accessible
  • Makes giving wealth to your heirs or as a gift more straightforward, even if they don’t understand the value of gold today
  • Comes with much lower premiums than most fashion gold jewelry, and most collectible “numismatic” coins
  • Is subject to less tax and reporting complexity.
  • And in our view, gold jewelry could help you avoid a gold confiscation, if one occurred again.

Most gold jewelry doesn’t qualify as investment grade. Those stores in the mall sell mostly 14-karat gold, at premiums two, three and four times the value of the gold content. Designer jewelry simply isn’t a practical or efficient way to store wealth — Tiffany’s isn’t going to buy back your gold necklace at anywhere near what you paid for it.

But GoldSilver’s investment-grade pure gold jewelry, on the other hand, is offered at an attractively low markup and is specifically designed for wearing and traveling with your wealth.

All pieces have the same purity as sovereign coins—22 karat (91.6%, same as an American Eagle) and 24 karat (99.9%, same as an American Buffalo or Canadian Maple Leaf).

So if this interests you, as a clandestine way to store some wealth and/or serve as a lifelong gift your loved ones will appreciate, browse GoldSilver’s ‘Gold Without Borders’ bullion jewelry collection by clicking here.

If you decide to make a purchase, be sure to use the coupon code PEAKGIFT5 at checkout to receive a 5% discount on your order (and if you’re a Peak Prosperity premium subscriber, click here for a code that will save you even more)

 

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38 Comments

  • Tue, Nov 10, 2020 - 9:48am

    #1
    asgordon123

    asgordon123

    Status: Member

    Joined: Aug 05 2018

    Posts: 22

    4

    why pay 200% premium over spot...

    buy scrap gold jewelry from goodwill or other sources that have been tested....markups on jewelry are 200% - scrap sells for around spot.  don't waste your money.  think outside the box.

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  • Tue, Nov 10, 2020 - 10:15am

    #2
    Lions

    Lions

    Status: Member

    Joined: May 19 2018

    Posts: 37

    1

    Too much of a premium over spot

    It is lovely stuff but I am currently not willing to pay that much of a premium to live the James Bond lifestyle.

     

    It is interesting information that you have to report gold coins valued at over $10,000. Doug Casey has been telling me people on his interviews that he carries British sovereign gold coins when he flies and that you do not have to report them as they are small and they think of them as pocket change. Apparently it is not true.

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  • Tue, Nov 10, 2020 - 10:55am

    #3

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    2

    try chinatown

    When I was living in SF, the cheap place to buy gold?  Chinatown.  The price over spot there was relatively modest.  Of course, you probably need a Chinese friend to tell you which shops are reputable.  Most of the gold jewelry (if I recall correctly) was about 96% pure.

    And it might be worthwhile to, after your first purchase, to go get the item tested for purity.  Just in case.

    Hmm.  Can you be walking through the airport like Mr T?  I'm guessing there are probably limits to the size of your neckchain collection.

    But I definitely support the concept.

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  • Tue, Nov 10, 2020 - 11:07am

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1219

    0

    Bullionstar Singapore has always sold Gold in this form....

    Appears to be around 20% premium;

    https://www.bullionstar.com/buy/gold-jewellery

     

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  • Tue, Nov 10, 2020 - 11:16am

    #5
    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    2

    Not Novel

    Gold jewelry has been a store of wealth for thousands of years in India

     

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  • Tue, Nov 10, 2020 - 11:19am

    #6
    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    3

    Crypto Once Again Beats Gold

    I can travel anywhere in the world with my smart phone and do not have to declare my crypto holdings

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  • Tue, Nov 10, 2020 - 11:22am

    #7
    clebener

    clebener

    Status: Member

    Joined: May 03 2016

    Posts: 2

    3

    Wearable wealth

    My husband and I purchased some of this 22k jewelry when Gold silver first introduced it.  It's beautiful, and when I wore it the first time the clasp broke and I nearly lost it.  Goldsilver did not replace or offer to send even a new clasp.  Sadly I can't recommend the product.

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  • Tue, Nov 10, 2020 - 11:27am

    travissidelinger

    Status: Member

    Joined: Nov 17 2010

    Posts: 186

    1

    Re: Crypto Once Again Beats Gold

    I know a few places.  They will look at you funny with your phone as you wonder around for signal.

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  • Tue, Nov 10, 2020 - 11:55am

    #9

    Locksmithuk

    Status: Bronze Member

    Joined: Dec 19 2011

    Posts: 125

    0

    Bullion jewelry [sic] link doesn't work

    I baulked at the premiums, but Adam: FYI the link for premium subscribers doesn't work - not for me, anyway. I'm using a Chrome browser.

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  • Tue, Nov 10, 2020 - 12:06pm

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 6437

    0

    Seems to be working

    Locksmith -

    Just tested it and it seems to be working OK. Can you try on a different browser/device?

    cheers,

    A

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  • Tue, Nov 10, 2020 - 12:25pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    1

    travis

    I guess you missed the Musk project called Starlink. Every sq. cm of the Earth"s surface will have cell coverage.

    I really shouldn't have to be explaining this stuff to people who pride themselves on being on top of things. Do try to keep up

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  • Tue, Nov 10, 2020 - 12:43pm

    #12

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    1

    pass phrases

    If you are especially clever, you don't even need a smartphone to store that bitcoin.  That way there's nothing to lose.  🙂

    The ease of portability across borders is why I think bitcoin will do well once they impose capital controls during this upcoming reset.  Will they leave the bitcoin network alone when they do this?  Probably initially.  Maybe not forever.

    You probably want to buy some prior to the imposition of controls, though.  Once they impose the capital controls, the bitcoin price in the local currency will jump higher.

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  • Tue, Nov 10, 2020 - 12:52pm

    RandomMike

    RandomMike

    Status: Bronze Member

    Joined: Mar 12 2020

    Posts: 96

    0

    RandomMike said:

    A nice heavy silver plate on these would make a selling point for me...

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  • Tue, Nov 10, 2020 - 1:38pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    0

    Smart Phone

    No you do not need a smart phone to store BTC or any crypto for that matter. You can use a Ledger, Trezor, exchange, or paper wallet.

    If you wish to transact with it you will need to get online. Thus any cell system, or wireless will do.

    That said a Trezor or ledger will draw attention. Only luddites don't have smart phones now.

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  • Tue, Nov 10, 2020 - 2:09pm

    #15

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    8

    smart phone as a secure device

    I've been involved in computer security for - a while now.  As a result, I do not conduct financial transactions on a phone.  Not if I can help it.  Certainly not regularly.  Sheesh.  I consider my phone to be the least secure device I own.

    I guess if I owned an IOT device, that would be even less secure.  But I don't own any such devices because - they are even more insecure than phones.  Ok, that's not true.  I have a "smart TV" which I make sure is unplugged unless I'm watching it.  Smart TVs are too easy to hack.  Computer security is a distant afterthought for these people.  Can you imagine a TV manufacturer being good with OS security?  They're probably as good as the automakers.  Which is to say - not good.

    If I did financial transactions on a phone, I'd use a separate bank account with just a small amount of money in it.

    I kinda like cash.

    But that's just me.

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  • Tue, Nov 10, 2020 - 3:28pm

    #16

    Quercus bicolor

    Status: Silver Member

    Joined: Mar 19 2008

    Posts: 445

    0

    tonight's video link

    Off topic, but I'm dependent on you all as you tube won't show me the new video for at least 24 hours.

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  • Tue, Nov 10, 2020 - 3:53pm

    #17
    westcoastjan

    westcoastjan

    Status: Silver Member

    Joined: Jun 04 2012

    Posts: 500

    0

    video link

    I just found this: https://www.youtube.com/watch?v=K4GoqMsOnFU&ab_channel=PeakProsperity

    said premiering in 7 minutes... it is 3:53 pm pacific time now

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  • Tue, Nov 10, 2020 - 3:58pm

    Quercus bicolor

    Status: Silver Member

    Joined: Mar 19 2008

    Posts: 445

    0

    Great

    Thank you Jan.

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  • Tue, Nov 10, 2020 - 5:48pm

    permiegirl

    permiegirl

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    Joined: Aug 01 2020

    Posts: 3

    0

    permiegirl said:

    Came here to make the same comment.  At Chinatown in N.Y.C. they sold jewelry at spot plus an agreed upon price for workmanship.  Another option might be ghetto gold - big thick gold pieces that can probably be bought cheapest from pawn shops.  Not at all my style since I hardly wear jewelry but it might work for some people.

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  • Tue, Nov 10, 2020 - 6:48pm

    #20
    Shplad

    Shplad

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    Joined: Mar 21 2020

    Posts: 15

    0

    Shplad said:

    I guess Mohammed Mast missed that Starlink isn't cell service. It's broadband Internet service. Lucky for us, we had him explaining it to us.

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  • Tue, Nov 10, 2020 - 7:31pm

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    0

    Correction duly noted

    Yes you are correct. My point was every sq cm will have access to the internet to be able to perform P2P transactions. I hope that clarifies my point. As for travis yes people may look at me funny for using crypto in the outback of Australia. Maybe not as funny as if I went into Walmart and tried to buy a flat screen tv on black friday in Ames Iowa with that 99.9% pure gold necklace.

    Thanks agian for the correction. In the future I will be more precise.

    BTW Signal is encrypted.

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  • Tue, Nov 10, 2020 - 7:35pm

    #22
    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    0

    Secure Phone

    This is a phone recommended to me by a friend on a security team at a MAJOR search company.

    https://www.techradar.com/news/this-is-probably-the-worlds-most-secure-smartphone-right-now

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  • Tue, Nov 10, 2020 - 9:47pm

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    3

    secure phones

    And did you buy this phone?  Or are you just waving the recommendation at me, hoping that the recommendation alone will protect you from bad people hacking your existing phone via - say - bluetooth?  Maybe the massive BT security hole is fixed - maybe it isn't.

    I'll flip this around.  If you are going to use your phone to access large sums of money, bitcoin or bank, it should either be secure, or a device you don't use for anything else, and is off in a safe somewhere most of the time.  I'd do both - a secure phone sitting in a safe - if I had a million bucks sitting in a bitcoin wallet somewhere.  One mistake = you are poor.

    I certainly wouldn't be carrying the access device to this account everywhere I went.  Gun to your head, "transfer me all your bitcoins, thanks very much."  It just seems unwise.

    Since I don't carry any financial access devices around, I am physically unable to give anyone my financial account information.  This may make them angry - all I have is an ATM card with a $800 limit on it.  This limits my exposure.

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  • Tue, Nov 10, 2020 - 10:03pm

    #24

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    1

    verifiable quality

    While Chinatown offers lower prices, and I have bought stuff from there before - a shop recommended by an ABC with connections in the community - I would be...concerned about the purity if I were buying in any size.

    But I think having some 96% gold jewelry - even if you don't make a habit out of wearing it, and I certainly don't - is a good idea.  Along the lines of something CAF said a while back: "make sure you have enough physical gold to bribe the border guards."

    https://www.nasdaq.com/articles/chinas-kingold-shares-tank-on-report-of-fake-gold-bars-2020-06-30

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  • Wed, Nov 11, 2020 - 4:40am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    0

    Secure Phones

    You have this amazing ability to use worst case scenarios to object to everything.

    Yes you are an engineer "glass half broken etc blah blah blah.

    2 billion people on the planet are unbanked. People use phone minutes as currency. Is everything secure ?   What a really stupid question eliciting stupid responses.

    Gee you should just stay in your basement because someone will steal your wallet if you go to the grocery store. Don't ever carry cash it is too dangerous. You are one paranoid piece of work.

    I am merely pointing out that there are prudent steps one can take to protect oneself. One does not carry $1 million in crypto on a device. One can keep crypto safe in cold storage. duh.

    Yes everything can be hacked or stolen. Just ask Donald Trump how an erection was stolen in broad daylight.

    Bye Dave. BTW if you do venture out in the dangerous world where everyone is out to get you , do wear a mask. After all life is fatal

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  • Wed, Nov 11, 2020 - 4:56am

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    6

    i'll take that as a no

    I'll take that as a "no, I didn't buy this phone."

    I'm not just imagining the problems with non-repudiable realtime transactions.  You suggesting that you carry around your million bucks in bitcoins accessible by your phone - you did give that impression - just seems imprudent to me in light of the following:

    http://www.antimoneylaunderinglaw.com/2018/07/another-bitcoin-trader-robbed-at-gun-point-during-home-invasion.html

    As for hacking - I've just read too many security conference papers.  You clearly haven't had the same experience.  That's not my problem.

    I'm not sure you read my previous post.  Either that, or you didn't remember what I said.

    I do carry an ATM card.  And cash too.  I just limit my exposure - by the amount of cash I carry, and the limit I've set on my ATM card.  You can't prevent problems - but you can limit your downside risk.

    I fully support the cold storage option.  That's where mine would be, if I had a big stash.

    Oh here's a fun new data point:

    https://news.bitcoin.com/china-law-legalize-digital-yuan/

    They also outlawed bitcoin.  As I understand it.

    Oh one more thing.  With every trade, you have to figure out under what conditions you will bail out.

    Every trade.  Even bitcoin.

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  • Wed, Nov 11, 2020 - 6:14am

    #27
    Penguin Will

    Penguin Will

    Status: Member

    Joined: Aug 20 2019

    Posts: 65

    3

    Penguin Will said:

    Hmmmm.... that looks like it would certainly get some attention in my little corner of the world. :p

    I don't know about security but I would probably opt out on decorum alone. I have the equivalent of my old sport's Super Bowl ring from back when I was still involved in it. The only times I have gotten it out is when some of the guys in my engine design class wanted to see it. It is a bit.... gaudy I guess is the word.

    Might clash a bit with the Red Wing boots and flannel shirts I am so likely to have on lol.

    Will

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  • Wed, Nov 11, 2020 - 8:01am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    0

    You a Funny Guy Dave

    First of all you have to bail IN to a trade before you can bail OUT.

    You have shown ZERO evidence of ever bailing IN.

    Most people here offer help with problems. You consistently offer problems to help.

    So let's be clear I offer suggestions as a way to help people. You consistently diss them. that is your problem not mine. I you really gave a shit about helping people in the crypto space you would perhaps offer a tutorial on best practices. You are after all the tech god of PP.

    As far as what I personally do to secure my Crypto (if indeed I had any) I think you would agree it would be pretty fucking stupid to discuss them on a public forum with you. This particular discussion started with using gold to travel w/o having to declare an asset such as a coin. I stated that is a way crypto once again beats gold. I have stated as such numerous times here (do try to keep up Dave). This is a fact. One can keep crypto in cold storage orbit the earth a zillion times land anywhere one would wish and still be able to access their crypto. Kinda difficult with gold.

    I have no intention of being your replacement foil for Mrees. I found your exchanges quite boring and you continue to bore me so bye bye Dave. PS  I was in a band once and one of the members said "It has to be fun, you have to be making money, or you are learning something" You aint fun. You aint making me any money, and I am not learning anything from you. We aint in the same band.

    For anyone with a genuine interest in how to secure your crypto the following is offered as a service.

    https://cryptonews.com/guides/how-to-store-cryptocurrency-safely.htm

    Andreas Antonopolous very simply answers almost every question about crypto. I recommend watching his Youtube Vids.

     

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  • Wed, Nov 11, 2020 - 9:17am

    #29

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2251

    0

    perfect

    Not a problem.  Take care.

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  • Wed, Nov 11, 2020 - 11:34am

    #30

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 131

    2

    Another wearable investment choice

    Mene offers a lot of 24k options in gold and platinum. Perfectly aware the the markups are stiff, but if the wife likes shiny stuff, this is a good option I personally recommend.. They have a wide variety of stylish jewelry. https://mene.com
    Hopefully someone will produce bitcoin jewelry soon.... to curb arguments.

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  • Wed, Nov 11, 2020 - 9:26pm

    #31

    thatchmo

    Status: Silver Member

    Joined: Dec 13 2008

    Posts: 252

    5

    I need a smaller hammer....

    How's about taking a hammer to that Maple Leaf in your stash and fashioning your own jewelry?  99.9999 makes it pretty soft, right?  Anybody tried that?  Where's our resident jeweler?   Aloha, Steve

     

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  • Thu, Nov 12, 2020 - 7:55am

    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    1

    Montana Native

    There has been Bitcoin jewelry since the beginning. Satoshi Nakamoto himself/themselves designed the logo.

    https://www.amazon.com/s?k=bitcoin+jewelry&crid=2466HRCUYASTZ&sprefix=bitcoin+jew%2Cinstant-video%2C191&ref=nb_sb_ss_i_1_11

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  • Fri, Nov 13, 2020 - 4:45am

    #33
    VTGothic

    VTGothic

    Status: Silver Member

    Joined: Jan 05 2020

    Posts: 333

    3

    In the age of the internet, SWIFT ain't so very...

    At the risk of fueling the BTC-gold debate that I don't want to litigate (I have both), I'm sharing this story because of the OP's nominal focus on ways of working around creeping capital controls:

    About two months ago my siblings and I were informed of the existence of an unknown residual to my mother's estate. At the end of probate, we each received a 5-digit check. My brother lives in Chile but keeps a US bank account because of the various difficulties of getting money sent to him directly, especially related to his government retirement benefits. He asked me to deposit his check into his stateside bank for him.

    Wouldn't you know? His bank limits his deposits – not his withdrawals, but his deposits – to $5,000 per day and $7,500 per week. I am astonished to discover that a bank refuses to accept money when it's offered. Think about what that means. But that's where we are: Banks are steadily less about facilitating financial transactions and more about governing and restricting fiscal behavior.

    The experience links, for me, directly to the OP observation:

    Reporting Is Becoming More Restrictive

    Why is this important?

    Because if you, like many PP readers, want the option of being able [to] transport some of your wealth easily and discretely in a time of crisis, gold held in jewelry form has some substantial advantages over coins.

    In the end, I converted his check into BTC, where it has grown 12% so far – we are 5 days into the 10-day hold before the exchange will allow me to send it to his personal wallet.

    That week and a half hold period is reportedly how long it takes SWIFT to clear the check, which is either a lie on the part of the government, or a shockingly long time in itself given the speed of internet transactions.

    This exercise has documented and made real for me the creeping monetary control we all acknowledge – and highlights one tool that offers a pragmatic way around absurd bottlenecks and restrictions.

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  • Fri, Nov 13, 2020 - 4:52am

    #34
    Mohammed Mast

    Mohammed Mast

    Status: Gold Member

    Joined: May 17 2017

    Posts: 1020

    1

    Swift

    Now there is cognitive dissonance if there ever was any.

    Most people don't know that the Swift system is part of the US monetary hegemony.

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  • Fri, Nov 13, 2020 - 5:13pm

    #35
    Vernon Hamilton

    Vernon Hamilton

    Status: Member

    Joined: Sep 12 2016

    Posts: 5

    1

    be a pirate

    One large gold bracelet clasp'd each lovely arm,
    Lockless—so pliable from the pure gold
    That the hand stretch'd and shut it without harm,
    The limb which it adorn'd its only mould;
    So beautiful—its very shape would charm;
    And, clinging as if loath to lose its hold,
    The purest ore enclosed the whitest skin
    That e'er by precious metal was held in.

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  • Sat, Nov 14, 2020 - 7:44am

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 6437

    0

    Fixed!

    Ah, much appreciated, Brandon.

    Link fixed!

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  • Sun, Nov 15, 2020 - 5:16pm

    green_achers

    green_achers

    Status: Member

    Joined: Jan 03 2009

    Posts: 53

    2

    green_achers said:

    I'm definitely not a jeweler, but I took a class once, and didn't see that anyone else had answered you.  I only worked in copper, but I understand all metals work best when they are annealed first. This is simply a matter of heating it with a simple gas torch until it reaches a critical temperature indicated by a change in color. Not an incandescent color as with iron or steel, just more a change in color tone. Don't worry, hammering it will restore it quickly, and in fact, it will revert pretty soon regardless. Jewelry making is a constant process of heating, working the metal, and quenching.

    The reason your question got my attention is that several years ago the question of gold confiscation came up on one of the more CT minded forums and my response was that as long as big bad gubmint boogey doesn't come for art, I'm not worried. I have a work bench and a ball-peen hammer and will turn it into "art" in a few minutes.

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  • Sun, Nov 15, 2020 - 5:28pm

    #38
    green_achers

    green_achers

    Status: Member

    Joined: Jan 03 2009

    Posts: 53

    1

    Erosion

    If you plan to convert any of your investment metal or invest new funds into wearable form, my advice would be, "Don't actually wear it." I have seen wedding and engagement rings worn down to thin slivers that were once substantial pieces. That would be a foolish way to distribute your wealth.

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