I'm planning on moving to the DR at the end of November. However, I need to make some arrangements before I leave, and one of the biggest issues I have is what to do with my precious metals. I have a bunch of silver(over 200 ounces), too much to bring through an airport without drawing unwanted attention. However, I have a much smaller amount of gold(under ten ounces).
What are the customs rules regarding bringing gold into the Dominican Republic? I'm nervous because I read online that some dude tried taking $200,000 worth of gold through Mexico and was thrown in prison. I have nowhere near $200,000 worth of gold but I don't want to take any chances. I don't want to sell the gold/silver for dollars and repurchase it in the DR because there is a 28 percent tax here in the states. So, what do I do? I don't really want to store it here in the states either. Any advice would be greatly appreciated, I'm finding this to be a difficult puzzle to solve. Also, I took a vacation to the DR in 2009. I noticed that the Dominican customs opened my bag but didn't really search through it for anything.
What are the customs rules regarding bringing gold into the Dominican Republic? I'm nervous because I read online that some dude tried taking $200,000 worth of gold through Mexico and was thrown in prison. I have nowhere near $200,000 worth of gold but I don't want to take any chances. I don't want to sell the gold/silver for dollars and repurchase it in the DR because there is a 28 percent tax here in the states. So, what do I do? I don't really want to store it here in the states either. Any advice would be greatly appreciated, I'm finding this to be a difficult puzzle to solve. Also, I took a vacation to the DR in 2009. I noticed that the Dominican customs opened my bag but didn't really search through it for anything.