Gyroscopic Investing

Posted: **Thu Apr 04, 2013 9:29 pm**

The gold bars were hidden in a car but evidently not well enough.

http://www.youtube.com/watch?v=Ilh5iUQI ... e=youtu.be

Posted: **Fri Apr 05, 2013 6:53 am**

I bet it was Frugal's shipment?

Posted: **Fri Apr 05, 2013 9:26 am**

He almost made it across. Too bad!

Posted: **Fri Apr 05, 2013 10:12 am**

Goldfinger had the right idea. Paint the car with it.

Posted: **Fri Apr 05, 2013 12:43 pm**

Wouldn't be seized if it was Bitcoin. Just sayin' http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2

Posted: **Fri Apr 05, 2013 12:50 pm**

Jake wrote: Wouldn't be seized if it was Bitcoin. Just sayin' http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2

Bitcoins would just be seized in a different way. They'd force your online wallet host to freeze the wallet, easy as pie. If you had an offline wallet, they'd take your computer and if the wallet wasn't encrypted, then that's it for your Bitcoins. If it was, they'd get a court order forcing you to reveal the password. If you were savvy enough to have a two-part truecrypt archive with a small dummy wallet in the emergency portion of the archive then you could be safe with your real wallet in the hidden other half… but then in that case you're probably also not the kind of person who would get caught hiding gold bars in your car.

Posted: **Fri Apr 05, 2013 1:28 pm**

Pointedstick wrote:
Jake wrote: Wouldn't be seized if it was Bitcoin. Just sayin' http://gyroscopicinvesting.com/forum/ht ... ic.php?t=2
Bitcoins would just be seized in a different way. They'd force your online wallet host to freeze the wallet, easy as pie. If you had an offline wallet, they'd take your computer and if the wallet wasn't encrypted, then that's it for your Bitcoins. If it was, they'd get a court order forcing you to reveal the password. If you were savvy enough to have a two-part truecrypt archive with a small dummy wallet in the emergency portion of the archive then you could be safe with your real wallet in the hidden other half… but then in that case you're probably also not the kind of person who would get caught hiding gold bars in your car.

That's all true, nothing is completely unseizable. However, imagine a SHTF scenario where you did have to get your assets across a border. Which would you prefer to try transporting between jurisdictions, gold bars or a tiny bit of encrypted data?

Posted: **Sat Apr 06, 2013 9:07 am**

You guys sound like you'd enjoy Digital Fortress.

Posted: **Sat Apr 06, 2013 9:09 am**

A few thoughts:

The haul didn't weigh "a ton" if it was only worth $6 million. At today's prices $6 million in gold weighs only about 250 lbs., whereas an actual ton would be worth around $48 million.

A U.S. court can't compel you to reveal your password, as that would be a 5th Amendment violation. Besides, you could just say you forgot the password due to all the stress and trauma of the situation.

I would think diamonds or other precious jewels would be easier to get across a border than precious metals.

Posted: **Sat Apr 06, 2013 10:19 am**

rocketdog wrote: A few thoughts:

The haul didn't weigh "a ton" if it was only worth $6 million. At today's prices $6 million in gold weighs only about 250 lbs., whereas an actual ton would be worth around $48 million.
...

True. By the time I read the story (elsewhere), it had been corrected with an addendum, "Previous versions of this story reported that the weight was a ton..."

Gyroscopic Investing

One Ton Of Gold Seized At Border Crossing

One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing

Re: One Ton Of Gold Seized At Border Crossing