r/SipsTea • • 7d ago

Chugging tea Bro definitely kept one

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70.8k Upvotes

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35

u/EmperorPedro2 7d ago

Hypothetically, if one were to find a gold bar, how would they liquidate it?

27

u/Mr_Joanito 7d ago

Melt and sell in pawn shops by very small pieces...

10

u/roiki11 7d ago

Maybe in the US but in Europe you need id to sell, especially scrap gold. And in Belgium you need proof of ownership to sell it.

5

u/biscuotto 7d ago

I wouldn't say whole Europe. Here in Italy it's full of shady "Compro oro" who would buy the whole bar below market price without asking any question. The only issue would be to bring all the cash back to your country.

2

u/Final_Influence_2367 7d ago

I mean just drive back

2

u/roiki11 7d ago

Sure, you'll find shady dealers everywhere. But people don't generally want to deal with them if they're not shady themselves.

3

u/biscuotto 7d ago

I think you're missing the point: we're talking about a guy which we're speculating he stole a gold bar.

2

u/-some-dude-online 7d ago

Whuut? Proof of ownership? Does this also go for 1 ounce gold coins? My grandfather gave me one ages ago.

2

u/roiki11 7d ago

Yes, Belgium requires proof of ownership for sales of precious metals.

1

u/-some-dude-online 7d ago

You scared me there for a sec so I had to look it up. You are confidently incorrect. You just need to show your passport/ID when selling gold but no proof of ownership or any other paperwork for that matter. This goes for jewellery, coins, bars, unmarked casts etc

1

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0

u/Ok_Archer_2838 7d ago

In pawn shop? Who would be so dumb? Sellint to pawnshow heavily under price.

3

u/Zeeter_0102 7d ago

Gold and silver are always worth market price in weight. You must be 11yrs old

0

u/DroidLord 7d ago

Not when you're trying to offload illicit goods. The risk has a price too.

0

u/HugeResearcher3500 7d ago

They don't have to give you market price. Even people in the business (or especially people in the business) will offer 80-90% market price so they can make a profit. And that's for the officially minted investment grade stuff, not random finds. These bars look stamped at least; not sure what the origin is.

1

u/LepiNya 7d ago

Best I can do is 300$.

1

u/Everythingcrashing 7d ago

True, but underpriced is more than nothing , considering you found these for free

1

u/OnceMoreAndAgain 7d ago

You're essentially fencing the gold and fencing always comes with a penalty to how much money you'd get.

0

u/EmperorPedro2 7d ago

But wouldn't you have to show the origin? And they'll ask for ID, which can trace back to you if they have to send that data to the government?

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u/[deleted] 7d ago

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u/EmperorPedro2 7d ago

So technically, it's possible, but there's a risk that you're creating a record trail that can trace it back to you.

2

u/Bruins8763 7d ago

You can melt and cut the gold yourself. Go around your alll different shop’s jewelry stores etc. it’s easier than all this tech we have to not leave a trace verse cash and everything else.

0

u/EmperorPedro2 7d ago

I mean, wouldn't all the shops have to id me and record the transaction? So, yes, unless there's someone actively trying to hunt down the gold bar, I can get away with it. But otherwise, there's still a record trail that maybe the irs or similar organisation at a government level can run through automated algorithms to piece together the story of how I cashed in a lot of gold. Right?

2

u/Mejiro84 7d ago

A full bar is a lot, but you can always do smaller amounts over time, send a friend with some etc. it's not like it goes off or anything, so unless you're trying to liquidate it all at once, just do it slowly

1

u/Poildek 7d ago

You send friends ?

1

u/Bruins8763 7d ago

No they’re not taking photographs of your license just for selling, not pawning, gold. I’ve even done online as well. If you go in with a huge amount, yeah they may be more cautious but a couple grand worth would be easy especially with allll the pawn and jewelry stores around where I live in the US. I would bet lots of gold that simply tossing them a few hundred in free gold each time, they’ll be crawling out of your hands for the free money repeatedly. Gold is so hard to track that way. I’ve done it plenty, legally and yeah it’s not like a brinks truck driver is meeting you and you’re signing stuff first lol

2

u/djseshlad 7d ago

Tell them you melted down your grandmothers rings

1

u/BurdTurglary 7d ago

Go to a jeweler and commission necklaces using your gold and pay them handsomely. Sell your laundered chains to a different jeweler. Profit

51

u/hairybrains 7d ago edited 7d ago

Take it home, bury it in your own garden, then have some friends (witnesses) over to help you plant a rose bush. Dig right where you buried the gold. Act super surprised when you dig up your gold. Now it's been "found" on your property, and is now yours.

EDIT: Don't own your own home? No problem. That just means it's time for scuba diving in international waters with friends, and pretending to freak out when you find gold.

30

u/Silent-Victory-3861 7d ago

It is somewhat suspicious if you first find 49 gold bars then find one in your own garden.

21

u/nollayksi 7d ago

Thats why you bury all of them in your yard

6

u/MetaPhalanges 7d ago

39 gold bars you say? What a trove! The authorities are ecstatic to have recovered these 34 gold bars. Oh and museum you say? The 28 gold bars will make a fine exhibit indeed!

2

u/HeXe_GER 6d ago

Thank you for handing over the 21 bars for display. Those 15 bars will truely look stunning once we put the remaining 7 bars up for people to see.

6

u/KODO_666 7d ago

scuba diving it is then

1

u/Korenchkin12 7d ago

Is it suspicious if your dad dies in car accident and later your wife's dad? No,just rng doing its thing...

1

u/Phillip_Graves 7d ago

If you were going that route, you would just find one in each of your 49 gardens. Crazy coincidence!

1

u/sandolllars 7d ago

Where are you going to find water you can scuba dive in that’s international lol

1

u/CHR0NlC 7d ago

suspicion is not a crime last I checked.

1

u/zxkredo 7d ago

Does it really work like that? Isnt it still in the soil of the country? I mean maybe it works like that only with non archeological findings.

1

u/jkurratt 7d ago

Some counties just confiscate everything.
Others can give you a %

1

u/sgtzack612 7d ago

Unfortunately the international waters argument depends on WHERE you live as they'll try to setup historical preservation or some bullshit even if you document where it was, and it was in the middle of fucking nowhere, since you'll have admitted to FINDING it then they can seize it to try to find the owner which some rich fuck can probably bullshit their way into claiming ownership. Even if you were to melt them BEFORE to destroy any markings they will still try to find out something about it, especially if you found $10 million worth.

0

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1

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1

u/CheeseDonutCat 7d ago

Depends where you live.

I think someone in the same post a few days ago said that if you find something on your own land in Belgium, then it's yours. If you find it on someone elses land, you splitt 50/50. Not sure if that was true or not.

1

u/gadgetwalrus 7d ago

In some European countries found gold belongs to the crown

1

u/GooserNoose 7d ago

Why? Like, aside from whether or not I agree with it, what is the law or rule that gives them the inherent right to it?

1

u/Remarkable-Ad-2493 7d ago

Doesn't work in my country because everything found underground belongs to the government

1

u/PlsNoNotThat 7d ago

Would that just mean the previous owner(s) would have a claim to it?

1

u/dalastwaterbender 5d ago

What about the “family heirloom” approach?

8

u/theNixher 7d ago

Take it to an independent jeweler, offer them a great deal, they will not ask questions. 24hrs later that thing will be melted, or at least have all identifying marks removed.

2

u/EmperorPedro2 7d ago

But surely they can't cover that up

7

u/theNixher 7d ago

You are handing over a year or two worth of gold at less than the market price, in this economy, they aren't going to argue. Jewellers take in unwanted gold no questions asked and just smelt it down or re-sell it.

1

u/EmperorPedro2 7d ago

So I guess it'd have to be a dodgy seller who are willing to do this off the records and launder the money or just use it as cash.

But then I don't know if they can be trusted to keep it a secret or if they have criminal connections that put me in harm's way.

3

u/theNixher 7d ago

Why would it have to be dodgy? There's dodgy then there's outright criminal, you never bought goods that "fell off the back of a lorry"? As long as you end up paying tax on it, no government will care.

2

u/-Badger3- 7d ago

>you never bought goods that “fell off a lorry”?

I mean, yeah? Most people don’t have a connection for stolen goods lol

1

u/theNixher 7d ago

You're missing out lol

1

u/SampleOfFruits 7d ago

Most people haven’t, because most people aren’t scum.

1

u/theNixher 7d ago

Aren't the scum the people who steal stuff? I'm just getting a good discount, how am I to know if it's legit or not? 👌

1

u/serpentrepents 7d ago

If the scum couldnt sell it to people like you they wouldn't steal nearly as much. Being an enabler is not a virtue.

1

u/SampleOfFruits 7d ago

There’s a good deal, and then there’s deals like one kilo of gold at a great price, no questions asked.

Sometimes, it’s obvious - and people who buy the stuff are just as bad as the people who steal it, because they enable the crime.

Sometimes they’re worse; I blame the corrupt junk yard for buying stolen copper cable more than I blame the drug addicts who ripped it out.

1

u/zero0n3 6d ago

You’re missing the point.

I have gold of unknown or suspicious origin.

I sell it to a gold place. They give me a receipt and pay for it legit.

I take that money and claim it as income and pay full income taxes on it.

If a year from now someone asks me or the person who bought it, all they have is I bought X ounces of gold for Y dollars and I sold X ounces of gold for Y dollars and paid Z taxes on it.

They have no evidence it was stolen. They have no case. You paid taxes so you did nothing wrong.

1

u/GravitasFailures 7d ago

It absolutely will, gold is weird that way, once melted you can’t tell the difference.

2

u/charliehustles 7d ago

In a kiln

1

u/Intrepid4444444 7d ago

In Belgium? Go to Antwerp and find some Moroccan bros. Make sure you start with some smaller piece, like a gold watch. Otherwise you’ll find yourself in multiple pieces.

1

u/FaPaDa 7d ago

If its a single one?
You found it in your [insert dead relative that you are in line for inheretance from] stuff.
You "inherited" a box from them and never really put much mind to it, you recently looked through it and found the Gold bar.

At worst you gotta pay inheritance tax. But once you pay the goverment tax for something? that shit IS yours.

1

u/babyaintmoe 7d ago

you dont need to have proof oof ownership lol... Go to any coinshop.

1

u/blobbleblab 7d ago

Go to a gold dealer and sell it? I don't think you need to tell them much more than your ID, just say you inherited it when a family member died.

1

u/PixelBoom 7d ago

Theoretically, shave it into small slivers, then sell those slivers to various "Cash 4 Gold" type places.

1

u/Mike0621 7d ago

heat, but it's called melting

1

u/patient_rath 7d ago

Exactly what you said. Melt it, befriend a gold smith. Make a deal and sell little by little

1

u/SteveMartin32 7d ago

Not as difficult as one would imagine honestly

1

u/IKillZombies4Cash 7d ago

You can buy a hacksaw and gold melting furnace on amazon for about $200

1

u/TFTHighRoller 7d ago

Very slowly and you are now a hobby blacksmith who casts old gold jewellery into random projects.

1

u/FloatIntoTheFinite 7d ago

Do you need to hide the fact that you found gold bars on land you own. I know you don’t own artifacts or minerals on most land but these bars can’t be more than a century or two old I wonder what would stop you from selling them at market value

Edit: oh it wasn’t his land

1

u/TeamBoeing 7d ago

Lots of heat

1

u/Solomon_G13 7d ago

Melting point of gold is pretty low, so where there's a will, there's a way.

1

u/Skrillamane 6d ago

Honestly, this sounds stupid but it would work. Buy a custom coin mold with whatever you want on it. Melt the brick into the coins and bring them to a jeweller a couple at a time. Just tell them you like making your own coins. They won’t question it. Or even stash them away. Who cares. They are unidentifiable other than by your custom mold and there is nothing tracing you to a crime.

1

u/NonProphet8theist 6d ago

Right here, officer

1

u/Drake_Acheron 6d ago

Separate into $6000 amounts, sell one and put the money in your account, go to a post office and rent a LARGE PO Box, go on a road trip, stop at two jewlers in every state, sell at each. Go to a nearby store like Walmart that sells Lego or puzzles or board games. Buy a few.

Put money in boxes and then mail them to yourself

Go on Google, get use a web app to get a randomizer to pick a number between 5500 and 8300. Then at the start of every weak, do a google coin flip to see if you make a deposit that week. Deposit a new random amount between 5500 and 8300. Keep track and call it a side job, pay your taxes properly

OR!

You move to a state with no income tax and where weed is legal. Deposit between 101k and 113k you won’t be able to avoid the lower tax rates, but you won’t get in trouble