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I'm planning to have some gold shipped from Ghana to US do I…

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I'm planning to have some...
I'm planning to have some gold shipped from Ghana to US do I need special permission, is it illegal I don't know
Submitted: 2 years ago.Category: Immigration Law
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Answered in 41 minutes by:
8/9/2015
Immigration Lawyer: Judith Ludwic, Immigration Lawyer replied 2 years ago
Judith Ludwic
Judith Ludwic, Immigration Lawyer
Category: Immigration Law
Satisfied Customers: 29,884
Experience: 34 years as practicing immigration attorney, with non-immigrant and immigrant visa experience.
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Hello my name is ***** ***** I am delighted to answer your questions today. I have 35 years experience as an immigration lawyer.

You have to get export clearance from the Ghana authorities and go through an exporter

http://pmmcghana.com/gold/8

On the US side, upon arrival at the port of entry you have to declare it. No duty is owed but if it is over $10K you will need to declare the bullion.

It really makes no sense to ship gold bullion because of the cost for exporting such heavy cargo. The price of gold is set world wide and you can sell it in Ghana at the same rate as what you get in the US.

In addition you don't know the purity of the gold there so it has to be tested to make sure it is not gold plate covering something else.

So to pay the huge shipping fees for the weight of the metal makes no sense when you can sell it and get the same price and have the cash wired to your bank.

You can then buy gold bullion here in the US with the money and be ahead.

I see this is the first time you are using JA and I am eager to make this a positive experience for you. Please ask follow-up questions if my answer is not clear.
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Immigration Lawyer: Judith Ludwic, Immigration Lawyer replied 2 years ago
Hi Phillip,
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May I answer anything further for you?
Judith
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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