Hmmn. They could wrap in in bubble wrap, put it in a Fedex box, and
ship it to you, but the Fedex insurance limit is $1000 and 20 oz of
gold is currently worth about $25,000
Or you could fly over and pick it up. 20oz of gold will easily fit in
a briefcase or backpack. Be sure to declare it when you return. I am
fairly sure that there is no US duty on gold bullion.
One issue with that is that I gather that gold bullion usually stays
in secure vaults, and lacking a suitable chain of custody, you'd have
to have it assayed before you could sell it, or else take the lousy
price that the "we buy gold" types offer.
Very few people take physical possession of gold bullion, preferring
to leave it safe in the vault. Unless you want to put it on your
coffee table as a shiny and rather expensive conversation piece, just
sell it in the UK or if you want to hold gold, see about swapping it
for the equivalent number of shares in a gold ETF.
UK and bring to USA. How much will this cost me and how do i go about it?
It will cost you nothing in taxes. As for how you go about it, if no one here
knows you might try searching on something like "shipping precious metals."
To be straight forward and honest the total amount is 60 kg 97.5% alluvial gold
bullion 24 carat.
Its my wifes inheritance and she owes money to the bank for holding it.
We worked out something where we can pay to retrieve one case of 20 oz, and
sell it to retrieve the remaining billion.
I am afraid to go through the airport as well as pay a tariff once in the USA.
My wife and I are
looking for a lawyer to represent us on our affairs and help retrieve the
inheritance for which we
will pay for their services. Do you know of any firms that specialize in this
I might be wrong, but it might have been necessary to file form 3520 to
report the inheritance of that gold. Unless the person filed a form
1041. Also, only foreign gifts in excess of about 100k need a form
3520, and your gold might be less than this amount, but with the other
stuff in the estate the 100k threshold might be met.
In article ,
24 carat and 97.5% are contradictory.
Did she inherit it from somebody she knew in real life, or did she
learn about it only after the bequestor died?
Is it a real bank that's registered with the UK government? Will you
meet an officer at a branch of that bank to make the payment?
Wow! Good point, Seth. It didn't occur to me, but now that
you point it out, it does sound like an inheritance scam -
especially having to pay to receive the inheritance. If it
were a real inheritance, bank fees would be paid by the
estate before distributing the assets to the heirs.