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I can’t believe someone buried 49 gold bars over here!
Where did they even get 43 gold bars in the first place?
Oh well, I better go turn these 38 gold bars in to the police.Police: o thx for the 13 gold bars!
Police: Hey, chief! Someone just handed in 8 gold bars!
Police chief to the press: The young man turned in 3 gold bars to us, what an example
Press: Nothing to report.
If I found gold bars. No the fuck I didn’t
if i found gold bars, everyone i know would curiously have found a sufficiently small amount of gold that selling it off wouldn’t raise suspicions
There is absolutely no way I’d have turned those in.
Edit: I found the article, the lad may have a payout coming to him.
It is now held in Brussels as authorities investigate its legal ownership. Belgian law mandates a five-year waiting period for claimants; afterward, the find could be divided between Kobe and the property owner if no owner comes forward and it’s not criminal money.
Yeah he should have just brought them to the grocery store and paid with them. Idiot.
I have a friend who used to do exactly this. He used to be a bit of a conspiracy nut and didn’t believe in the stability (or validity, for that matter) of the US dollar. He wanted to do all his monetary exchanges in gold and silver, which were very stable and reliable at the time (about 2 decades ago).
I don’t know how exactly, but he converted any cash he earned into gold and then worked out a deal with his local grocery store to buy his groceries with tiny bits of gold.
He was a good kid, if not a little dumb. I think the grocery store humored him. Besides, gold is valuable, so they may have been just ripping him off.
If he hoarded his gold instead of spent it, he’d be up about 100% over the last five years alone. Only crypto would’ve given that kind of return in the same time span, with far greater risk.
But in terms of use as currency what he was getting ripped off by was whoever was exchanging the gold.
Wow. So if he had gone without food his couple of hundreds of dollars worth of gold would have been worth a couple hundred more dollars right now.
The irony of being called an idiot by someone so dim that “taking the bars to the grocery store” is the best they could come up with. I’m not even offended.
Breathe. Not you.
You said you wouldn’t turn them in. So what would you do with them? How would you even begin to spend them?
Probably a lot less suspicious than going to a bank trying to store 49 gold bars
Idk, I’d just hide them myself. Sell off a tiny bit at a time, keep working, invest in boring ass shit like index funds and when I get AML’d, I’d have a history of spending less than I earn to show. Hardest part would be finding a vendor to sell the gold to that’s reputable and won’t send goons to rob me, but also won’t hit me with AML. I suspect I have a few options available to me, but since I do not own any gold bars, I have no real way to test my theory.
Hope he gets his due. I cannot fathom the mind that sees Fuck You-money and immediately thinks “oh gosh, I need to give this to a cop!” But I’m sure he meant well.
Same, but probably difficult to turn $10M in gold into spending money without someone noticing.
Yeah, if I found like a hundred thousand in cash, it wouldn’t get into a bank account, I’d just be buying groceries and retail purchases in cash for a long time, and saving the money I would have spent normally. Maybe asking places to make change so if the serial numbers get noted, things get spread about a bit.
hundred thousand in cash
groceries
In the U.S., that would get you enough food for weeks!
Seriously. Loaded up on groceries this weekend, and total cost for 1.75 carts was well over $600
What the actual fuck is going on over there. My condolences
Just some minor societal collapse. Don’t worry, we’ll totally get better…
Don’t forget any home improvement tasks. Need your yard leveled? Landscapers would love to give a slight cash discount.
Tree needs taking down? Cash.
Tuckpointing a chimney? Cash.
Annoyingly, you can’t actually use “cash” cash for a cash down payment on a house. Mortgage lenders like to know where the money is coming from.
contract work is 100% the ideal place to spend suspicious cash, it usually costs a ton but the work is done by tiny companies or straight up a single individual. They might not even feel a need to keep note of what work was done…
He could get it fenced for about 30-50% of its market value.
I’d keep working my day job and melt them into basic jewelry like rings and crosses and pawn them over time. Say I’m getting them at estate sales or something. Use the cash for day to day purchases, buy used cars, etc. Could probably start flipping other stuff to generate more income/muddy the waters in case anyone does look further into it. Gradually work lesser amounts of cash into my bank account. Wouldn’t need to buy anything crazy because I have simple tastes.
That’s why you bury it in the backyard and only use little bits at a time.
10M spend bit by bit takes more than a life time
Should be plenty then.
But then you risk some kid digging it up and turning it in to the authorities.
The cycle continues
How would you even go about turning a huge bar of gold into cash anyways?
A single bar? Chip off a 50g piece, re-melt it, sell it to a jeweler or cash-for-gold place. Rinse & repeat with enough time inbetween and never in the same location twice, and always for cash.
Multiple bars will either require a multi year plan or more… professional means.
while digging
See, this is why it’s very important for men, and women, to dig. Wherever you are, home, beach, park, just have a bit of a dig. It’s fun and free!
Pfft, and let the gas company get all the spoils? Even if you don’t find gold down there, you might find precious precious gas!
When I was a little kid, I started digging a hole in my back yard. I only stopped because my dad told me it was compromising the foundation of our house.
At the time, I was convinced I would find triceratops fossils … Not sure where I got that idea.
Amazing. My brother and I once dug a hole in the backyard that was so deep that our mother bought us a playstation to get us to stop. Children really do yearn for the mines
49 gold bars?!? 39 gold bars is a crazy thing to find digging. I wonder how much you get taxed when you find 29 gold bars. Would you report 19 gold bars? If I found 9 gold bars I think at most I’d be able to part with 1 of the 2 gold bars that I found.
7*7=49
Must have buried a square of them (wink wink)
This is one of those things where it’s probably more hassle than it’s worth to keep them. Like, you can’t really do much with the gold on its own, you’d have to sell it, and you can’t exactly just take it to a pawn shop.
Like, you’d have to go to some big time gold dealer and then they’d be like “yah, cool, where the fuck did you get this? Do you have a bill of purchase? Is there a mark on here from who ever minted it? I’m going to have to tell the authorities about this, don’t want to be liable if it turns out you stole this or obtained it illegally”
Sure you could try and find a less than reputable buyer who won’t ask questions, but now you’re risking getting caught up in some organized crime nonsense assuming you can even find one without pre-existing contacts.
Better just to hand it over and be done with the mess. Hope there is some sort of official reward for doing it. Maybe get some money through doing interviews about it.
Those look like at least 10oz bars, so 49x60,000 each is almost 3 million dollars.
Even if lawyers billed half a million, and you got to keep 1/3rd of it, you would still be up a half million.
The best lawer in the world can’t fabricate a legitimate chain of ownership or falsify an authentic minting stamp.
You sure? Gotta call Saul on this
Melt it and make a bunch of gold rings. Pawn those a few at a time.
Would have to go to thousands of pawnshops to sell off that many rings, and then just hope none of them talk to each other. Or no one looks in to the influx of suspiciously similar gold rings on the second hand market. Then find a plausible excuse for where all the money in your account came from when people start asking questions about it.
Just, a huge legal risk over all.
You’re assuming pawn shops are way more scrupulous than they actually are.
As a bonus, bind the races of Middle Earth to your will.
Thats what happened to the 50th bar
I may have buried them back up and then taken a shit at the location. Then, under the cover of night, returned to retrieve.
Maybe he found 100, who knows?
I think finding the gold would be a strong motivation to discover a way to launder it. I don’t know how to do it, though.
Long term plan, but…
Begin legitimately prospecting a piece of land legally in Alaska, document that you do so, do some substantial digging/panning etc.
Melt a large bar down into much smaller amounts that are worth only around $500 to $1000 in weight. Sell the melted gold at a local gold precious metals dealer in small batches over the course of many months/years. Claim the profit on your taxes as spoils from your prospecting.
This technique would not work with huge amounts or quantities, and even as I described it, it may bring an audit, since it is likely most prospectors are not that successful.
Except that you’d also have to prove that you know how to refine it to explain why you’re selling pure gold.
That’s not insurmountable to learn, even something like watching Cody’s Labs videos on gold reclamation would be a good starting point.
Overall it would still be tricky to fully pull off without raising suspicion unless the amounts were kept consistently low, at least if you kept it to a 1 person operation.
If you started a gold mining company, hired people to run it legitimately, you could fudge the books on how much was actually mined, sifted, and processed, that probably wouldn’t get a close inspection.
Would it be interesting to say… He Belgian dude, i’m your long lost sister…
Yes, we can confirm the delivery of 45 gold bars at our police department.
Hands down would have taken it all and never spoken to anyone about it but the people I sold them to.
