Comments on: That Time We Carried $20,000 Across The Border

By: J. Money

J. Money — Tue, 19 Dec 2017 14:34:29 +0000

In reply to Miguel (The Rich Miser). That is fascinating about all the cryptocurrency stuff.. will be interesting to see how it effects the entire world over time!

By: J. Money

J. Money — Tue, 19 Dec 2017 14:32:34 +0000

In reply to Chocoholic. oh man, so awesome you were able to help out with it all at least!! What a beautiful family y'all seem to have! :)

By: Chocoholic

Chocoholic — Tue, 19 Dec 2017 00:08:24 +0000

When i was a 16 my mother travelled to a small village in northern kenya where my grandmother was living. My grandmother got very ill and my mom ended up needing cash to cover medical expenses but the emergency cash wasnt enough to have her transfered to a city and treated. It was too difficult for her to access her money so i had to figure out how to send her the cash which was the most cash ive held in hand. Ended up withdrawing it from my own savings account (i had been saving for college), exchanging it for usd and then wiring it to the only service that would get it to such a rural location. But yeah the fees were absurd.

By: Richard

Richard — Wed, 29 Nov 2017 20:29:23 +0000

In reply to J. Money. you as a person have rights. Your car, money or anything else seized by the cops do not have rights. so its a real pain to get anything back.

By: J. Money

J. Money — Mon, 27 Nov 2017 20:40:41 +0000

In reply to Semi Frugal Fal. see below :) (although too risky for my blood)

By: J. Money

J. Money — Mon, 27 Nov 2017 20:38:02 +0000

In reply to Go4itusa.

hah – clever! i wouldn’t have ever thought of that, even though I”m a coin collector and half my friends are collectors only for the gold & silver in the old coins! in theory you could just buy one rare one and then keep it in your pocket change :) (also would only need one buyer on the other end, although the junk silver/gold is much easier to convert on the other end and still retain a bulk of the value, which i’m sure is why you went the way you did?)

By: J. Money

J. Money — Mon, 27 Nov 2017 20:34:32 +0000

In reply to Louise.

hell yeah it’s a lot of money! i remember meeting a guy with a briefcase full of cash to buy my old car as well – i think for around $18,000? I specifically made him meet me in the lobby of the bank for security reasons, and then also to make sure the money was legit and had him hand it right over to the teller to pay off the car loan haha…

By: J. Money

J. Money — Mon, 27 Nov 2017 20:32:48 +0000

In reply to B.C Kowalski. I always thought that too about airport exchanges! I tend to just use them now as well for simplicity all around.

By: Miguel (The Rich Miser)

Miguel (The Rich Miser) — Mon, 27 Nov 2017 16:56:42 +0000

Wow, that’s an amazing story. I don’t think I’d have the gumption to go through with that!

As far as I know, it’s legal to transport any amount of cash in US airports, but you have to declare anything over $10,000. I’m not sure if it’s just a one-sentence “declaration”, or whether it prompts any sort of investigation, though.

With China, I’ve read that an emerging issue is the use of cryptocurrencies like Bitcoin to get around limitations on transferring money abroad. That seems to be why they’ve recently cracked down in this area. It should be interesting to see how it develops.

By: Go4itusa

Go4itusa — Mon, 27 Nov 2017 12:33:38 +0000

Ahhhh… the age old international problem! I did it a bit differently. I carried about $7k in cash and before I left I bought a lot of gold jewelry and diamonds… then sold it when I got to the states. For the WIN!