Takes Away Gold and Our Rights
The Sovereign Investor
by Bob Bauman: Tomorrow
is a sad indictment of the dictatorial policies of the U.S. government
when an honest citizen has to fear confiscation of his or her private
property, but that is todays reality in Police State America.
policy continues of wanton confiscation of gold and gold coins by
U.S. government agents, not only from innocent travelers, but in
lawsuits against legitimate gold coin owners.
With the gold
price nearing $1900 an ounce today (Aug. 22) it appears that the
feds will go right on grabbing all they can.
In spite of
the fact that ownership and possession of gold is fully legal for
Americans government agents are seizing gold from innocent people,
offering no justification and with no complaints from Obama administration
officials. The bureaucrats even refuse to explain what Americans
must do to avoid their attacks on private property.
Case in point:
in May 2010, an individual asked the U.S. Treasurys Financial
Crimes Enforcement Network (FinCEN) whether or not he was required
to file one of FinCENs own forms, U.S.
Treasury Form 105, when and if he transported an unspecified
quantity of Canadian Maple Leaf silver coins across the U.S. border.
A year later when the bureaucrats at FinCEN finally got around to
replying they said they wouldnt tell him because they did
not give individual case opinions!
Also in May
reported to you that U.S. Immigration and Customs (ICE) agents
and Border Protection officers at the Houston, Texas at Bush airport
seized almost $160,000 in gold and silver in 14 separate seizures
from individual travelers during that month, none of which was involved
in any criminal activity. Reason given: failure to file an obscure
form called a Shippers
Export Declaration Form.
Mark Nestmann has written about Mexican airport police and customs
officers also seizing gold coins from innocent travelers.
All of which
serves as a background for my response to an email from a Sovereign
Society member that stated: I have gold and silver coins that
I want to take with me to another country by air. What is the best
way to carry them out; declaring the current value at the airport;
not declaring them, because the amount on the coins doesnt
show the true value, and therefore doesnt go over the $10,000
limit. If I want to take as many as a hundred coins out, what would
be the best way?
Here is my
reply which I hope may save your gold should you travel across U.S.
wish to alarm you or overload you with information about this topic,
but you need to understand the problems that can arise when gold
and silver coins (or any precious metals) are transported from the
U.S. to other countries, or the reverse.
My strong advice
is for you to contact the nearest office of the U.S.
Customs and Border Protection Agency and explain what you propose
to do and ask them what you should do to conform to the law. You
should ask for and receive a written response from them so that
you can use it when you actually depart. Also ask Customs if you
need to notify them of your date and departure flight as a precaution
against the very real possibility a local customs agent at the airport
may not know the rules that cover this situation.
At a minimum
you will need to complete Census
Bureau Form 7525-V, Shippers Export Declaration.
Form 7525-V is required for exported commodities with a value exceeding
$2,500. At current silver and gold prices the coins would exceed
this reporting threshold. Failure to file a shippers export
declaration can result in the commoditys seizure. The consequences
for stating incorrect information on the Shippers Export Declaration
form are severe and may result in a fine up to $10,000 and/or imprisonment.
When you actually
do travel at your place of departure you will need to fill out and
file a U.S.
Treasury Form 105, required when transporting currency or negotiable
instruments worth $10,000 or more.
If you have
difficulty dealing with the U.S. Customs office, call the office
of your local Member of the U.S.
House of Representatives or one of your U.S.
Senators and ask their assistance. They should be pleased to
There may also
be reporting formalities, and possibly customs duties payable, when
you enter another country. You should contact your destination countrys
customs authorities or their embassy or consulate here in the U.S.
to determine how they deal with silver and gold imports. Dont
give them any definitive identification information against the
possibility that government might put you on a travelers watch list.
To import gold
and silver coins it might be advisable to hire a U.S. customs broker
in advance of your trip. The customs broker would then appraise
the value of the coins and arrange for payment of the foreign countrys
customs or other goods and services taxes. Your local FedEx or UPS
office probably can advise you about how to contact customs brokers.
you should also bring with you proof of your ownership of the specific
coins in your possession.
What the totalitarian
U.S. government is doing to our privately held gold mirrors what
it is doing to our constitutional rights and liberties destroying
them one at a time until we will find ourselves defenseless. Protect
yourself by knowing the law and if need be, seek help from an attorney.
with permission from The
September 8, 2011
E. Bauman is a former Member of the United States House of Representatives
from Maryland, (19731981). He is also a former federal official
and state legislator; Member, Washington, DC Bar; Graduate of the
Georgetown University Law Center (1964) and the School of Foreign
Service (1959), Washington, DC. Robert currently serves as legal
counsel for the Sovereign
© 2011 Robert E. Bauman
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