Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Buy Gold, Get a Second Passport" video.

  1. Most people have paperwork that proves they legally bought it. They declare it but in most of the "west" its considered an 'instrument of finance' and not always subject to declaration of the value/amount, but always subject to declaration of being carried. Also, in most of the 'west' there is no tax on investment grade gold bullion. Lastly, things are very different when you fly private or have a private yacht. In some parts of CANZUK and CUNA if you have receipts and/or credit card/bank statement showing the transaction and you declare it, you're unlikely to have issues. Some countries don't even have reporting for it as its not cash - its physical bullion being personally transported by the owner. The simplest solution is to move small amounts (1oz) at a time with you in your wallet as you travel - literally bit by bit staying within the legal limits to avoid having to declare the value/quantity. Be aware though that you'll still want to have receipts and other documentation proving you legally acquired it as some countries will seize even $1 if they don't see proof of legitimacy of money or valuables (incl. bullion). At the end of the day, people will always find ways to move their wealth around.
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