What are the recommendations if you want to travel with gold? – Digital leaders

The number of trips made by residents to Spain in 2017 increased by 6.5% compared to 2016, half of which were for vacation and leisure, according to the Familitur survey published by the National Institute of Statistics (INE ) last April. In total, last year there were 193.7 million trips compared to (…)

The number of trips made by residents to Spain in 2017 increased by 6.5% compared to 2016, half of which were for vacation and leisure, according to the Familitur survey published by the National Institute of Statistics (INE ) last April. In total, last year there were 193.7 million trips, compared to 182 million in 2016. The survey shows that nine out of ten of these trips are made to domestic destinations and the rest are to foreign destinations. . Another study, in this case the Mastercard Card Barometer, indicates that when traveling, cash is the preferred means of payment for Spaniards.

Given this data, “a good alternative to have liquidity when traveling abroad is to carry physical investment gold in the form of coins and/or bars”, as recommended by Tomás Epeldegui, director in Spain from Degussa, the reference company in Europe. physical investment gold trading. This company offers coins ranging from 1 gram, whose value is around 50 euros, to 1 kilo. And, between the smallest and largest ingot, there is a whole range of possibilities, 2.5 grams, 5 grams, 10 grams, 20 grams, 1 ounce (31.1035 grams), 50 grams, 100 grams, 250 grams and 500 grams. However, for traveling, Epeldegui recommends “carrying small parts in order to better store them and use them according to our needs.”

For those who opt for this type of cash when traveling, the director of Degussa offers a series of tips (to also take into account when transferring money through customs):

Know the regulations of the countries of origin and destination. It is very important to know the monetary laws of the country of origin and the country of destination to avoid problems and surprises.

European Union. According to European regulations, when entering or leaving the EU, you can carry up to 10,000 euros in cash (or its equivalent in other currencies or assets, in this case gold) without having to declare them. Amounts equal to or greater than this figure must be declared to customs authorities. Some member states also control cash carried by people traveling between EU countries.

UNITED STATES. There is an obligation to declare to the customs authorities any cash sum exceeding 10,000 US dollars introduced into or withdrawn from the national territory. If you take gold, it is advisable to have the purchase invoices, and in case of inconvenience to be able to demonstrate the value of the metal.

Transportation. It is essential to store gold, both coins and bars and jewelry, safely and distribute it between clothing and handbags, keeping it under surveillance at all times to prevent theft. If your luggage is searched, always demand to be present when customs officers do so.

Insurance. It is advisable to take out travel insurance covering the theft.

On the other hand, if on vacation you want to leave protected the jewelry or physical investment gold that you have at home, you can always rent a safe to store them, a possibility that Degussa also offers to its customers and to anyone who needs it. he. “We also offer the possibility of insuring the contents deposited to those who use our crates,” adds Tomás Epeldegui.

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