May 2 2021, 12:49 PM
QUOTE(JohnsonLoi @ Mar 14 2021, 09:00 AM)
Wow SGD450k in cash? That is more than a million Ringgit.
Did they ask if you work in SG and what is the money used for?
Why didn't you use SWIFT bank transfer or something like Transferswise back then?
I was 100% Bitcoin believer and PM hater last time to be honest. Now that I am open to diversifying into Gold and Silver PM. The reason being that I relocate around a lot and the Custom officers can confiscate your PM but not your Bitcoin. This is the only thing that holds me back from buying huge amount of PM. Now that I first hand listen to your experience of carrying SGD450k cash without any issue, then I am open to the idea of carrying PM around.
If that is a concern, perhaps can research into the Perth Mint Gold Token, which custodizes the underlying physical gold and tokenizes it.Did they ask if you work in SG and what is the money used for?
Why didn't you use SWIFT bank transfer or something like Transferswise back then?
I was 100% Bitcoin believer and PM hater last time to be honest. Now that I am open to diversifying into Gold and Silver PM. The reason being that I relocate around a lot and the Custom officers can confiscate your PM but not your Bitcoin. This is the only thing that holds me back from buying huge amount of PM. Now that I first hand listen to your experience of carrying SGD450k cash without any issue, then I am open to the idea of carrying PM around.
It apparently is guaranteed by the Govt of Western Australia, but YMMV, and as usual, please do your own research.
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