An article I found today shocked me. If you posses physical gold and are planning to move your gold out of the US into Canada, they will make it difficult to do so if not immediately denied. More and more people are leaving the US and storing their assets in another country. It looks as if this trend is getting more and more popular as jobs, investments and businesses are moving out of the US into other countries. But it looks like if you are only an average person and all you have in asset is gold coins or bullion, it will be hard for you to leave the US with it.

Below is the article:

I recently heard from a reader who related a disturbing incident when attempting to enter Canada from the United States with a quantity of gold coins.

This individual declared the coins to the Canadian immigration official and was immediately detained for secondary inspection. After a brief wait in a holding area he was interrogated for nearly an hour.

Questions included,

• “Why are you bringing gold into Canada?” When this individual told the Customs officials that he merely planned to place the gold coins in his Canadian safety deposit box, they didn’t believe him
• “Do you own a home in the United States?”
• “Have you ever been arrested for any crime?”

Unfortunately for this gentleman, he had a U.S. arrest record dating back to the 1970s, which he neglected to mention. Since Canadian immigration officials now have access to U.S. criminal records, they quickly discovered the arrest. On that basis, the officials denied him entry into Canada.

Once it became clear that he wouldn’t be permitted to enter Canada, the officials became more cooperative. They even allowed him to spend the night at a local hotel, after temporarily confiscating his passport. When he returned to the airport the next day for a flight back to the United States, they returned his passport, along with his gold coins.

This is a disturbing development for at least three reasons:

Read the whole article here: LewRockwell.com

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