Over the years I have been buying silver libertads from Banco Azteca. With silver dropping and the dollar strengthening against the peso, seems like a
good buy point again. Anyone doing this?
Also, how should one declare these purchases?
It is always way less than the $10,000 limit, but these CBP cowboys can never give me a real answer. They seem to go into a trance when I ask about
bringing in silver coins that arent really currency.greengoes - 9-22-2011 at 07:27 AM
Most of them go into a trance if you ask anything more than the time of day.DaleG - 9-22-2011 at 07:29 AM
Quote:
Originally posted by greengoes
Most of them go into a trance if you ask anything more than the time of day.
True that. Ill bet you they could tell you what their overtime rate is tho.
[Edited on 9-22-2011 by DaleG]DENNIS - 9-22-2011 at 07:39 AM
Well...if they're no longer currency, they must be curios....like silver candle sticks. In that case, I would declare them like curio purchases. You
know...declare one...hide two. Same ol' drill. Ateo - 9-22-2011 at 07:40 AM
I thought I bought some silver in Oaxaca one time but the US jeweler told my wife it was fake. DaleG - 9-22-2011 at 07:46 AM
to ateo.
These are minted government coins sold from banco azteca. .999 puro plata.
Not candlesticks.
[Edited on 9-22-2011 by DaleG]DENNIS - 9-22-2011 at 08:42 AM
Quote:
Originally posted by DaleG
to ateo.
These are minted government coins sold from banco azteca. .999 puro plata.
Not candlesticks.
Is that the Mexico version of the Franklin Mint? If they arn't real coin of the realm in circulation, what are they but ornaments?
[Edited on 9-22-2011 by DaleG]pacocruz - 9-25-2011 at 04:47 AM
Good job on buying some silver. The Libertads are nice, quality world-class coins (comparable to Canadian/US/Austrian coins). If you are purchasing
from the banks there, look for the 5-oz Libertads and specialty coins, you might be able to get some nice pieces at bullion prices.
Current price online for Libertads after last week's big crash is $36.00, about $4 over spot price. Plus another dollar for shipping.
The Mexican Mint is it's own entity, they have an interesting history. There were 14 mints total in Mexico, including Alamos, Hermosillo, Culiacan,
but no mints in BCS or BCN.Woooosh - 9-25-2011 at 08:06 AM
silver dropped 25% in value last week.DENNIS - 9-25-2011 at 08:09 AM
Quote:
Originally posted by Woooosh
silver dropped 25% in value last week.
Didn't everything drop last week? Usually when stocks drop, metals will rise, but not this week. People are selling everything.Woooosh - 9-25-2011 at 08:18 AM
yup, even Gold lost value. The euro zone has a few months left to destroy the world economy and our Wall Street casino. Wasn't it just a few months
ago many said the Euro was a dollar-killer and it would replace the dollar as the world standard? First thing you learn working in a kitchen is to
never catch a falling knife- same thing here. No one with cash should be parting with it.durrelllrobert - 9-25-2011 at 08:34 AM
here's an american in ensenada that is buying silver (and gold)
jerdaddy2002@yahoo.comWoooosh - 9-25-2011 at 08:35 AM
Quote:
Originally posted by durrelllrobert
here's an american in ensenada that is buying silver (and gold)
jerdaddy2002@yahoo.com
people are still offering Rosarito real estate at top dollar as an investment too...
(You would have made 12% profit this week from simply changing dollars to pesos). That is 12 years worth of returns on your saving account...
