5 ms·

How exactly would you go about that? And how are you going to make sure you are buying gold and not gold-plated lead?

by vl 5y ago

tacLog 5y ago
I think he is talking about the reletively high number of people that buy and sell gold for cash as private parity sales. Generally, I have been gold authenticated by taking the density with a good scale and water displacement. Though that technically could be faked it would be very hard. If you wanted to do it quickly you could probably cut a corner off because the stuff in circulation is normally high enough grade that it's almost soft. Gold Plated lead would feel off to anyone that's handled gold before from density alone. Gold is nearly twice as dense. That's why it made a great coin in the past. It's far denser than anyother common materials.
- lazide 5y ago
  Honestly, no need - if you’re going that route, I’d personally want a XRF machine or ultrasound tester at least. Plenty of reputable shops, and most are more than happy to do cash transactions.
lazide 5y ago
You go to a reputable dealer with cash, and buy what you want. If you’re clear you are doing a cash only deal no name, you’re good. They’ll issue you an invoice made out to walk in or whatever, so you have documentation, and if you want, you can pay taxes on gains or whatever later. It IS getting harder to get cash out of a bank without jumping through endless hoops, but most banks will still let you call in an order for $20k cash or whatever (more than $100k starts to become much more difficult) and after a few days will have it ready for you with documentation (so if a cop pulls you over you can prove it is documented/part of a ‘legal’ source). Some will make you sign a waiver so if you get mugged outside the bank, you were warned and it’s not their fault, etc. at some point it’s probably worthwhile to get an armored truck or whatever.
- garmaine 5y ago
  > so if a cop pulls you over you can prove it is documented/part of a ‘legal’ source Which the cop will promptly ignore and take the money anyway.
  - lazide 5y ago
    Which if you have a dashcam, paperwork, and lawyers could put him in jail or get you shot. You do have enough lawyers right?
    - TeMPOraL 5y ago
      Also do you have your dashcam automatically backing up into the cloud as it records? Or at least, paperwork proving you had a dashcam in your car? I really want to believe things are not that bad in the US.
      - lazide 5y ago
        Depends entirely on the agency/area. Some are really good, some are…… really not. And it’s hard to predict what you’ll get unless you really know the area.
    - garmaine 5y ago
      No because once your money is charged (not you, your money) it is very difficult to get standing to fight it unless you luck out with the judge or something. And no matter the outcome the cop never sees consequences because of qualified immunity.
      - lazide 5y ago
        Nah, if you can show the source of the money was legit (drawn from a legit bank for instance), you at a minimum have a solid claim for civil damages. Where the civil asset forfeiture stuff really gets people is when they don’t have a paper trail.
    - 5y ago

How exactly would you go about that? And how are you going to make sure you are buying gold and not gold-plated lead?

by vl 5y ago

How exactly would you go about that? And how are you going to make sure you are buying gold and not gold-plated lead?

I think he is talking about the reletively high number of people that buy and sell gold for cash as private parity sales. Generally, I have been gold authenticated by taking the density with a good scale and water displacement. Though that technically could be faked it would be very hard. If you wanted to do it quickly you could probably cut a corner off because the stuff in circulation is normally high enough grade that it's almost soft. Gold Plated lead would feel off to anyone that's handled gold before from density alone. Gold is nearly twice as dense. That's why it made a great coin in the past. It's far denser than anyother common materials.

lazide 5y ago
Honestly, no need - if you’re going that route, I’d personally want a XRF machine or ultrasound tester at least. Plenty of reputable shops, and most are more than happy to do cash transactions.

lazide 5y ago

You go to a reputable dealer with cash, and buy what you want. If you’re clear you are doing a cash only deal no name, you’re good. They’ll issue you an invoice made out to walk in or whatever, so you have documentation, and if you want, you can pay taxes on gains or whatever later. It IS getting harder to get cash out of a bank without jumping through endless hoops, but most banks will still let you call in an order for $20k cash or whatever (more than $100k starts to become much more difficult) and after a few days will have it ready for you with documentation (so if a cop pulls you over you can prove it is documented/part of a ‘legal’ source). Some will make you sign a waiver so if you get mugged outside the bank, you were warned and it’s not their fault, etc. at some point it’s probably worthwhile to get an armored truck or whatever.

garmaine 5y ago
> so if a cop pulls you over you can prove it is documented/part of a ‘legal’ source Which the cop will promptly ignore and take the money anyway.
- lazide 5y ago
  Which if you have a dashcam, paperwork, and lawyers could put him in jail or get you shot. You do have enough lawyers right?
  - TeMPOraL 5y ago
    Also do you have your dashcam automatically backing up into the cloud as it records? Or at least, paperwork proving you had a dashcam in your car? I really want to believe things are not that bad in the US.
    - lazide 5y ago
      Depends entirely on the agency/area. Some are really good, some are…… really not. And it’s hard to predict what you’ll get unless you really know the area.
  - garmaine 5y ago
    No because once your money is charged (not you, your money) it is very difficult to get standing to fight it unless you luck out with the judge or something. And no matter the outcome the cop never sees consequences because of qualified immunity.
    - lazide 5y ago
      Nah, if you can show the source of the money was legit (drawn from a legit bank for instance), you at a minimum have a solid claim for civil damages. Where the civil asset forfeiture stuff really gets people is when they don’t have a paper trail.
  - 5y ago