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Reggie
Joined: 21 Sep 2009
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 Posted: Sun Dec 19, 2010 1:22 pm Post subject: |
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| Swap it into platinum coins. It really won't be all that many and the silver color of the platinum coins will blend in and look no different than the regular currency coins of most countries. Gold would stand out and draw more attention and would require more coins. I certainly wouldn't put 30 kg of Ag into checked luggage. |
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sesyeux
Joined: 20 Jul 2009
Location: king 'arrys
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| Posted: Sun Dec 19, 2010 3:30 pm Post subject: |
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| pics or it isn't happening |
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Poker
Joined: 16 Jan 2010
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| Posted: Mon Dec 20, 2010 12:02 am Post subject: |
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Lol, I am not trolling  But yes, it does sound quite stupid. Thanks for the replies.
I think I will bring three 100oz bars this time (less than USD10 000). I will do that 3 more times over the course of next year. The reason is to store some wealth and sleep with some bling at night  I don't need to use the money so I am not worried about selling it in Korea. I could leave it in Taiwan with people I trust, but having it with me feels better. I have thought about coins of other metals but if I could help it, I would not like to constantly be exchanging between metals. I haven't actually bought the silver yet, so I may be tempted by the idea of silver coins, but it does seem like a lot of coins.
Question. What is wrong with declaring it if its over USD10 000. Minus the questions and "paperwork?". Is that the only reason or fuss about declaring? |
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Reggie
Joined: 21 Sep 2009
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| Posted: Mon Dec 20, 2010 12:07 am Post subject: |
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| If you're teaching ESL in Korea, please be advised that the bosses and the landlords usually come into your apartment and pilfer around! |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Mon Dec 20, 2010 10:26 am Post subject: |
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| Poker wrote: |
| The reason is to store some wealth and sleep with some bling at night |
It's also useful if werewolves break into your apartment while you're sleeping and try to attack you. |
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redaxe
Joined: 01 Dec 2008
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| Posted: Mon Dec 20, 2010 10:58 am Post subject: |
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| Just put that stuff in a safe deposit box at the bank in your home country before you go to Korea. There is no legitimate reason why you need to bring silver or gold bullion to Korea. And if you're bringing over $10,000 worth in multiple trips, what are you gonna do when you leave Korea? Take multiple trips back to Korea just to get your silver? |
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Epik_Teacher
Joined: 28 Apr 2010
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| Posted: Mon Dec 20, 2010 1:12 pm Post subject: |
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| Poker wrote: |
Lol, I am not trolling But yes, it does sound quite stupid. Thanks for the replies.
I think I will bring three 100oz bars this time (less than USD10 000). I will do that 3 more times over the course of next year. The reason is to store some wealth and sleep with some bling at night I don't need to use the money so I am not worried about selling it in Korea. I could leave it in Taiwan with people I trust, but having it with me feels better. I have thought about coins of other metals but if I could help it, I would not like to constantly be exchanging between metals. I haven't actually bought the silver yet, so I may be tempted by the idea of silver coins, but it does seem like a lot of coins.
Question. What is wrong with declaring it if its over USD10 000. Minus the questions and "paperwork?". Is that the only reason or fuss about declaring? |
Like I said before, I've carried several hundred silver coins as well as gold and platinum into and out of Korea before. As long as you are declaring it, don't worry about it. As long as they know you are not trying to smuggle it, not a problem. It is quite easy to rent a safe box here for a couple hundred thousand won per year. Private companies have them as well as banks. Personally, I would only trust a bank tho.
I would not bother trying to make 3 trips, do it all in one fell swoop and bring them. It's a lot of weight to carry at one time, tho. That's the downside of silver, it's very bulky. Why don't you pick up some gold instead of all that silver? Say, 50% each? Anyway, as long as you declare it, you will have no problems! You could always bring the cash with you and buy in Korea as well! There are several places to buy silver in Jongo-3-Ga, the jewelery/gold area of Seoul. You can buy gold almost anywhere, but again, I recommend Jongno-3-Ga. I have literally bought tens of thousands of dollars of gold, silver, platinum and palladium there.
If you have any questions, PM me! |
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balzor
Joined: 14 Feb 2009
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| Posted: Mon Dec 20, 2010 5:18 pm Post subject: Re: Carrying silver bullion bars into Korea |
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| Lazio wrote: |
"If it all goes down, the last thing anyone will want is gold and silver. You can't eat either of them"
Yeah sure, paper just tastes so much better. You can also make fire with bills and stay warm... |
yea but you can use the silver bar to incapacitate someone or break a window or door when teh shit hits the fan |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Mon Dec 20, 2010 5:36 pm Post subject: Re: Carrying silver bullion bars into Korea |
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| balzor wrote: |
| Lazio wrote: |
"If it all goes down, the last thing anyone will want is gold and silver. You can't eat either of them"
Yeah sure, paper just tastes so much better. You can also make fire with bills and stay warm... |
yea but you can use the silver bar to incapacitate someone or break a window or door when teh shit hits the fan |
But you can easily trade precious metals for something to eat. |
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balzor
Joined: 14 Feb 2009
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| Posted: Mon Dec 20, 2010 10:40 pm Post subject: Re: Carrying silver bullion bars into Korea |
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| jvalmer wrote: |
| balzor wrote: |
| Lazio wrote: |
"If it all goes down, the last thing anyone will want is gold and silver. You can't eat either of them"
Yeah sure, paper just tastes so much better. You can also make fire with bills and stay warm... |
yea but you can use the silver bar to incapacitate someone or break a window or door when teh shit hits the fan |
But you can easily trade precious metals for something to eat. |
trading a valuable object that can be used for protection, as a tool and as currency is not worth a single meal-if it is a bar i mean, coins is another matter |
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Poker
Joined: 16 Jan 2010
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| Posted: Wed Dec 22, 2010 4:42 pm Post subject: |
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| Epik_Teacher wrote: |
| Poker wrote: |
Lol, I am not trolling But yes, it does sound quite stupid. Thanks for the replies.
I think I will bring three 100oz bars this time (less than USD10 000). I will do that 3 more times over the course of next year. The reason is to store some wealth and sleep with some bling at night I don't need to use the money so I am not worried about selling it in Korea. I could leave it in Taiwan with people I trust, but having it with me feels better. I have thought about coins of other metals but if I could help it, I would not like to constantly be exchanging between metals. I haven't actually bought the silver yet, so I may be tempted by the idea of silver coins, but it does seem like a lot of coins.
Question. What is wrong with declaring it if its over USD10 000. Minus the questions and "paperwork?". Is that the only reason or fuss about declaring? |
Like I said before, I've carried several hundred silver coins as well as gold and platinum into and out of Korea before. As long as you are declaring it, don't worry about it. As long as they know you are not trying to smuggle it, not a problem. It is quite easy to rent a safe box here for a couple hundred thousand won per year. Private companies have them as well as banks. Personally, I would only trust a bank tho.
I would not bother trying to make 3 trips, do it all in one fell swoop and bring them. It's a lot of weight to carry at one time, tho. That's the downside of silver, it's very bulky. Why don't you pick up some gold instead of all that silver? Say, 50% each? Anyway, as long as you declare it, you will have no problems! You could always bring the cash with you and buy in Korea as well! There are several places to buy silver in Jongo-3-Ga, the jewelery/gold area of Seoul. You can buy gold almost anywhere, but again, I recommend Jongno-3-Ga. I have literally bought tens of thousands of dollars of gold, silver, platinum and palladium there.
If you have any questions, PM me! |
Thank you Epic_Teacher, I will PM you if I have a question  It's good to know that there are some other people holding precious metals. |
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toeknee01
Joined: 03 Jul 2009
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| Posted: Sun May 22, 2011 3:19 am Post subject: Question for Epik Teacher about Jongo-3-Ga |
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When buying gold or silver in the Jongo area, is it sold as coins, bars or do they cut off pieces of it? I bought some gold in Daegu but it was difficult to find bars and coins were impossible to find. Most of the time I ended up buying small nuggets of gold (37.5 grams) that had been cut off something else. Now I'm thinking about silver and may buy some one kilo bars. Also if possible I may look into exchanging my gold nuggets for proper gold bars. I just think that a proper gold bar would be easier to sell later down the road.
thanks in advance |
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Sun May 22, 2011 10:23 am Post subject: |
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What are the most popular gold bullion bars today? PAMP, Credit Suisse, Johnson Matthey, Metalor?
Just wondering if people have favorites. I've not read/heard much about this, and no damn you, not trolling either! |
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