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AllNewTypeFace@leminal.space ⁨9⁩ ⁨hours⁩ ago

If the gold is in an accepted standard form, such as krugerrands, you just need to find a precious metals dealer. If it’s just a pile of gold, then there’s a lot of hassle. I imagine ingots of the sort national gold reserves hold would be somewhere in between.

Shifting a large quantity of gold may require a non-optional explanation of its provenance, with “I woke up and it was just there” or “a genie gave it to me after I did an online quiz” not being adequate, and an inadequate explanation resulting in its forfeiture if not more serious legal hassles. With a large pile of gold and no good explanation, you may be reduced to smurfing small pieces of it to different dealers, moving around a lot and avoiding the attention that such a pile would inevitably draw.

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ShellMonkey@piefed.socdojo.com ⁨9⁩ ⁨hours⁩ ago
People like Al Capone would have a few things to say about unverified sources of wealth in any form. Pretty sure if I show up at a car dealer with a briefcase of bills it’ll raise a few questions too.

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- wonderingwanderer@sopuli.xyz ⁨6⁩ ⁨hours⁩ ago
  Yet another way society is biased against the poor. A rich guy shows up with a briefcase full of money and nobody bats an eye, it’s just another day. A poor guy shows up with a briefcase full of money and then suddenly everyone starts asking questions, and if he doesn’t have good enough answers he might get thrown in jail.
  
  What if I mowed a rich guy’s lawn and he gave me a really big tip? No, I don’t remember his name. No, I didn’t keep the address. It was over there somewhere, go that way, it’s the big house with the mown lawn. You’ll find it, just keep looking…
  
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- Railing5132@lemmy.world ⁨5⁩ ⁨hours⁩ ago
  US law requires any cash transaction of $10,000 or more be reported to the IRS/Treasury Dept. to include the federal tax ID # of both parties/entities, and the deposit accounts involved.
  
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  - thethunderwolf@lemmy.dbzer0.com ⁨2⁩ ⁨hours⁩ ago
    5002 $9999 transactions
    
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- Angryhumanoid@fedinsfw.app ⁨7⁩ ⁨hours⁩ ago
  Depends on the dealership, heh
  
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Mac@mander.xyz ⁨5⁩ ⁨hours⁩ ago
You don’t think you’ll be investogated for a massive gold transaction?

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