Almost every morning as I scour the interwebs for gold news, I run across a story about gold smuggling. It’s big business, you know. Particularly in countries like India that have high import tariffs on the yellow metal. Just yesterday, customs authorities arrested a father-son duo at the international airport in Delhi.
In fact, according to an article I read about smuggling, gold is the fifth-most smuggled item in the world. It ranks higher than food, cigarettes, and cash.
It’s a lucrative business, as you can imagine. People want gold, and they’ll go to great lengths to have it. But smuggling isn’t as easy as you might think. You have to be clever.
Take our dynamic Indian duo. They apparently just tried to hide two gold kada, two gold chains, and two belt buckles weighing a total of about 1,700 grams in their suitcase.
Come on guys. You can’t just shove some gold in your suitcase and hop a flight to India. Well, you can. But you’re going to end up in jail like these two. If you want to get your smuggled stash past customs, you have to think more creatively.
This post was published at Schiffgold on SEPTEMBER 1, 2017.
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