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56 passengers caught with gold at Visakhapatnam airport


Batu69

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All 56 passengers were subjected to detailed examination under terms of legal provisions of the Customs Act, 1962 for having indulged in smuggling activity for "monetary consideration".

As many as 56 passengers were caught while allegedly attempting to smuggle 63 kgs of gold worth Rs 16.83 crore at Visakhapatnam airport in a single day, with the DRI officials today saying that legal action under Customs Act has been initiated against them.

On the night of June 21, the Directorate of Revenue Intelligence officials seized 63 kg of gold which passengers who arrived by three flights from Singapore and Malaysia had attempted to smuggle in the country.

"The total quantity of such gold smuggled by this modus operandi amounted to 63 kg and its value is about Rs 16.85 crore. The entire quantity of smuggled gold was seized, as it was brought in an illegal manner in violation of provisions of Customs Act, 1962 and Baggage Rules, 1998," a DRI release said here.

All 56 passengers were subjected to detailed examination under terms of legal provisions of the Customs Act, 1962 for having indulged in smuggling activity for "monetary consideration".

"Necessary legal action under Customs Act, 1962 for offences committed in smuggling of gold has been contemplated and further investigation is on", it said.

DRI had formed special teams consisting DRI, Chennai, DRI Vishakapatnam and from Customs Commissionerate of Vishakapatnam for the seizure.

Gold of various shapes resembling magnets in amplifiers, stand of speakers, central pulley of washing machine, have been used to conceal the smuggled gold, the release said.

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

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Gold of various shapes resembling magnets in amplifiers, stand of speakers, central pulley of washing machine, have been used to conceal the smuggled gold, the release said.

So, looks like those poor rich bastards won't be able to bring their gold toilet bowls with them if they plan on moving abroad :mellow:

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

lmao

or run Canada for a hundred years. Eh? Hoser.

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

lmao

or run Canada for a hundred years. Eh? Hoser.

canada sell the purest gold coins minted in the world... https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf hoser aproved

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

That implies most of the Gold we think they have, actually exists.

The financial markets for just about everything are fake as hell. Individual banks trading in derivatives worth enough to pay the US debt everyone says is so colossal, 5 times over.

There's a lot of people on paper who "own" gold, that don't own it. If you don't have the actual gold bar in your hands, you're sure to find out that your investment was just a number in the system backed by nothing.

When the market fails, you're an "unsecured creditor", and the money you spent on imaginary gold that never existed will be taken to pay the debts of money that never existed.

I've heard somewhere that for all the US dollars that supposedly exist "on paper", don't in fact have real paper printed to back their existence, to the point of 1% of the US dollars exist in greenback form, and that's very believable given the absurdity of FSB and banks trading assets that they don't have.

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

That implies most of the Gold we think they have, actually exists.

The financial markets for just about everything are fake as hell. Individual banks trading in derivatives worth enough to pay the US debt everyone says is so colossal, 5 times over.

There's a lot of people on paper who "own" gold, that don't own it. If you don't have the actual gold bar in your hands, you're sure to find out that your investment was just a number in the system backed by nothing.

When the market fails, you're an "unsecured creditor", and the money you spent on imaginary gold that never existed will be taken to pay the debts of money that never existed.

I've heard somewhere that for all the US dollars that supposedly exist "on paper", don't in fact have real paper printed to back their existence, to the point of 1% of the US dollars exist in greenback form, and that's very believable given the absurdity of FSB and banks trading assets that they don't have.

you do have a very good point there...but the alternative... anarchy??? do you really wish to live in state that is ruled that way...the romanticized ideal is far from the reality of what anarchy would very soon become.... the people with biggest power(guns and weapons) would become the rulers and anyone who so much as blinks or hesitates when told what is required of them to be subjects of the state would be put to the sword rather quickly ...point is if you wish to invest in gold buy gold... not gold certificates...but then again if the world economy collapses and you neighbor knows or suspects you got gold in the floor boards of your house how long are you gonna be safe :D

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Of course they got in trouble for this, Gold is really one of the few real non-fiat currencies, can't have human beings with that now can we?

not when they chose to break the law and smuggle gold they got the gold taken from them for good reason... small fact ..the USA gold reserves would only run the government for 30 days before it was all used up...

That implies most of the Gold we think they have, actually exists.

The financial markets for just about everything are fake as hell. Individual banks trading in derivatives worth enough to pay the US debt everyone says is so colossal, 5 times over.

There's a lot of people on paper who "own" gold, that don't own it. If you don't have the actual gold bar in your hands, you're sure to find out that your investment was just a number in the system backed by nothing.

When the market fails, you're an "unsecured creditor", and the money you spent on imaginary gold that never existed will be taken to pay the debts of money that never existed.

I've heard somewhere that for all the US dollars that supposedly exist "on paper", don't in fact have real paper printed to back their existence, to the point of 1% of the US dollars exist in greenback form, and that's very believable given the absurdity of FSB and banks trading assets that they don't have.

you do have a very good point there...but the alternative... anarchy??? do you really wish to live in state that is ruled that way...the romanticized ideal is far from the reality of what anarchy would very soon become.... the people with biggest power(guns and weapons) would become the rulers and anyone who so much as blinks or hesitates when told what is required of them to be subjects of the state would be put to the sword rather quickly ...point is if you wish to invest in gold buy gold... not gold certificates...but then again if the world economy collapses and you neighbor knows or suspects you got gold in the floor boards of your house how long are you gonna be safe :D

Anarchy is impossible, because that would require us all to be decent enough to live without laws. Once someone gains power it isn't Anarchy, rather gang rule. We're still not much more civilized than animals, however much we like to tell ourselves otherwise, and once the law and order collapses, within a week or two the entire facade will be pulled away.

What I suggest that is equally impossible is to make it that money can't buy the government. But that is as impossible as people not cutting each other's throats and trying to rise to power in the absence of it, and every form of government has been bought and corrupted.

As long as people have power over people, it's a losing game, and humanity seems to naturally put the most ruthless and corrupt liars in office. People love a good psychopath who can pretend to be likable to control their lives and governments, sadly.

Short of some ridiculous robot takeover, nothing is going to change.

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I do believe we should go back to finite money.

The arguments on why that can't happen, accept the theory that everything can and must grow forever and we need to print and manipulate money to keep it going. That's no economy, that's a God Damn shell game, a world built of a house of cards.

As long as we let the banks and government collude to conjure up endless money, and then try to eliminate or discourage use of cash so that everything is in the bank, we give up the very last, pathetic scrap of power that we have over the banks, who I find the bigger problem.

The US government is often described as a failure. I beg to differ. We have the best government that money can buy, and the same applies to most other nations. Who is buying? A couple people and corporations who have 5X the national debt worth of derivatives. Derivatives in forms that amount to nothing more than gambling.

Oh, when they lose their gamble, we have to bail them out, or in. But that much money on paper doesn't exist, so more must be printed.

If society did truly collapse, Gold would be a pretty shitty investment. I can't eat a bar of Gold. I can eat a bag of rice, and I can blow the head off of anyone who fails to steal that bag of rice, with lead.

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