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Started By
Message
Have you ever seen gold bars change hands for a business transaction
Posted on 1/18/19 at 11:47 am
Posted on 1/18/19 at 11:47 am
Yesterday, I met with my attorney concerning a succession and when he went into his safe there were three gold bars.
I asked what they were for, he wouldn't disclose, but did provide me with a hypothetical situation.
Like if you wanted to transfer money without a trace knowing it would eventually be transferred back. An off the books means of providing collateral.
Now I'm no stranger to bag men, and in a lot of the third world, a lot of louisiana manufacturing companies still openly operate this way. But I have never once dropped off a damned gold bar.
That's a real OT baller.
I asked what they were for, he wouldn't disclose, but did provide me with a hypothetical situation.
Like if you wanted to transfer money without a trace knowing it would eventually be transferred back. An off the books means of providing collateral.
Now I'm no stranger to bag men, and in a lot of the third world, a lot of louisiana manufacturing companies still openly operate this way. But I have never once dropped off a damned gold bar.
That's a real OT baller.
27
Posted on 1/18/19 at 11:48 am to X123F45
I prefer to use them as doorstops.
Posted on 1/18/19 at 11:48 am to X123F45
Where do you even bring a bar of gold to get cash for it? I wouldn't think those shitty cash for gold places would be the best payout
Posted on 1/18/19 at 11:50 am to Ed Osteen
That's the thing... They never intend it to be cashed out.
The collateral is eventually returned.
It's ingenious really.
The collateral is eventually returned.
It's ingenious really.
Posted on 1/18/19 at 11:50 am to X123F45
I pay my attorney is those gold wrapped chocolate coins. He hasn’t caught on yet.
Posted on 1/18/19 at 11:50 am to X123F45
Gold Bar in Relation to Business Transaction Board
Posted on 1/18/19 at 11:50 am to X123F45
Only one I saw was my g'pa had one when I was a kid. He had a full brick and also a thinner one if I recall. Really cool looking.
Posted on 1/18/19 at 11:52 am to X123F45
Only when I sold that girl in the UAE
Posted on 1/18/19 at 11:52 am to Ed Osteen
quote:Federal gold exchange or a bank. Every printed dollar is supposedly backed by equal value of gold, but I seriously doubt that.
Where do you even bring a bar of gold to get cash for it?
Posted on 1/18/19 at 11:53 am to The Mick
It was until that rat bastard Nixon took us off the gold standard and tied our dollar to oil
Posted on 1/18/19 at 11:58 am to X123F45
Let’s just say it’s not unusual in certain circles. Especially B2B transactions that don’t want traces for tax purposes.
Posted on 1/18/19 at 11:59 am to X123F45
quote:
and when he went into his safe there were three gold bars.
Did his name rhyme with Dick Naban by chance?
Posted on 1/18/19 at 11:59 am to The Mick
quote:
Every printed dollar is supposedly backed by equal value of gold
Posted on 1/18/19 at 12:02 pm to X123F45
Like half of the deals I’m involved with on wechat involve gold bars.
To most people doing legal business there isn’t much of a reason for you to see them.
To most people doing legal business there isn’t much of a reason for you to see them.
Posted on 1/18/19 at 12:04 pm to X123F45
Full sized, Fort Knox, gold bars or little small ones?
Posted on 1/18/19 at 12:05 pm to Jon Ham
quote:
I pay my attorney is those gold wrapped chocolate coins. He hasn’t caught on yet.
Sweet...
Posted on 1/18/19 at 12:11 pm to The Mick
quote:
Every printed dollar is supposedly backed by equal value of gold,
Incorrect. There are $11B in gold reserves. There are $1.7T in circulation.
11/1700 = 00.0064
Each dollar is "backed" by $00.006 gold.
References:
Gold Reserves
Dollars in Circulation
Posted on 1/18/19 at 12:13 pm to X123F45
Not Gold Bars but Rolls* of Krugerrands, Gold Eagles, & Maple Leafs, which I'm much more confident in dealing with than gold or silver bars.
I've been on both sides of those kinds of transactions.
Gold and Silver are HEAVY in any quantity.
*
I've been on both sides of those kinds of transactions.
Gold and Silver are HEAVY in any quantity.
*
Posted on 1/18/19 at 12:14 pm to X123F45
Only when buying/selling people.
Posted on 1/18/19 at 12:15 pm to soccerfüt
I buy the little silver bars for the safe. But I've gotta say I have to get some gold. I didn't realize how much internal light it seems to have.
I feel like goldfinger in the bond movie
I feel like goldfinger in the bond movie
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