How much gold can be transferred between EU countries?
I am concerned about the solvency of banks generally, so I would like to convert bank deposits to gold. I plan to purchase the gold in UK, then take it to Spain.
Is there a limit to the amount of gold I can transport?
Best Answer
There is no limit.
The EU is a common market, so there is no limit to the amount of cash or goods you can move from one to the others, as long they have already passed the EU customs (which is not of application of your case).
There are some exceptions to this (drugs, military arms, excise goods as alcohol or tobacco who are taxed specifically by the governments) but gold is not one of them. In fact, IIRC gold bullion is considered more as an investment/currency than a purchase and it is exempt from VAT.
A different issue is that as most people have their assets in banks and use electronic transfers, people moving large amounts of cash and other untraceable valuables with them may be questioned by police officers about the source of those, as there is a risk that they have got them through criminal means.
If you pass some limit, you will have to declare the amount of gold that you are carrying with you. You should check with your bank/dealer what kind of documentation you need to show that your gold has a legitimate origin.
Pictures about "How much gold can be transferred between EU countries?"
Can I bring gold to Europe?
Is it necessary to declare the importation of gold or precious stones to the value of more than \u20ac10,000? NO - gold, precious metals and precious stones do not have to be declared under the EU cash control rules. However, these items are covered under customs laws and specific national rules may apply.Can I bring gold to Spain?
It's all fine and there's no VAT on gold but you need to declare. You might be even below that: today a gram is 44.45 EUR which means 200g is a bit below 9000 EUR. So: you should be fine. If gold surges between now and when you enter the EU you will need to declare.How much money can I travel with Europe?
You are allowed to travel with any amount of money. However, if you are entering or leaving the European Union carrying an amount over 10,000 euros, or its equivalent in a different currency, you are under a legal obligation to declare it at Customs.How much gold can you carry out of USA?
The $10,000 rule applies to gold coins, too. To be on the safe side, let TSA know that you're carrying gold coins before you pass through a security checkpoint. Your best bet is to contact the TSA office at your departure airport at least 24 hours in advance to provide a heads-up that you'll be transporting gold coins.Top Countries by International Foreign Exchange \u0026 Gold Reserves
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