Inverness: Don’t Smuggle Gold – Sell Your Gold
Gold Inverness: Sell Yours to Spring Hill’s Gold and Coin Shop Plus serving your area. Vermillion Enterprises!!
Or even buy from us today! Whether you buy a 1 oz. American Gold Eagle or five. We want your business. Where fair prices meets great customer service: Vermillion Enterprises. Besides, who wants to be this guy from Dubai?
The Gold Smuggle
A passenger arriving from Dubai at Kannur Airport in Kerala, India was stopped. He tried to avoid paying an 18% tax on his gold bars. How? He smuggled them on an airplane. In his rectum. Approximately, 2lbs worth of gold. Confiscated by Airline officials. One may ask how in the world he managed to do such a thing!? See the image below.
Breaking News: It Is Real! Makes You Wonder About Bigfoot Now Doesn’t It?
How Did He Get Caught You Ask?
Simple. He was spotted with an unusual walk. I’m guessing that’s one with his cheeks tucked in. Trying to stand very straight. And walk very carefully.
Apparently, another passenger on the same flight was stopped as well. He was trying to smuggle in 3.2lbs of gold into India. However, it is unknown how he was spotted to be transporting gold. But I’m pretty sure we can make an educated guess.
That may leave one to wonder – is it gold or is this fool’s gold!?
Why All the Smuggling?
India is BIG into Gold. There are Historical backings. As well as Religious & Cultural Significance, etc. But, India has policies dating back to the 1960’s. Which have created a monster: Gold Smuggling.
In 1962, the Gold (Control) Act was introduced by Morarji Desai. Who was Union Finance Minister at the time. Desai recalled all gold loans extended by banks. Furthermore, banning all forward trading in this precious metal. But another blow was about to happen. An amendment was filed the next year. Production of jewelry above 14 Karat fineness was also banned.
Gold -en Bubble Burst
Then, in 1968 came the biggest blow to the Indian gold consumer. Yet another amendment! This one banned everyone from owning gold bars and coins. Including licensed dealers. No one could own more than 2kg of gold.
Thus, a majority of gold trade in India was done on the Black Market. As well as increased smuggling. Hence also, why there is MORE gold under 14K displayed. As well as jewelry created in India.
In 1962, the Gold (Control) Act, brought out by Morarji Desa ..
In 1962, the Gold (Control) Act, brought out by Morarji Desa ..
In 1962, the Gold (Control) Act, brought out by Morarji Desa ..
In 1962, the Gold (Control) Act, brought out by Morarji Desa ..
Gold Inverness: Buy & Sell With Vermillion Enterprises. Don’t Smuggle It!
A tale as old as time. Where there is a will. There is a way. However, you can be smart about it. Buy or Sell with Vermillion Enterprises. Guaranteed to treat you well.
Buy Gold
We have a wide assortment of Gold. From Gold bars to Gold rounds to Gold Coins. With fair prices, so you don’t feel like your smuggling in gold! Between having the best customer service and rates in Florida, we promise – you won’t be running from us. You’ll keep buying from us!
Sell Gold
However, if you are looking to sell your gold – we buy ALL gold. From scrap gold jewelry to no longer worn or unwanted. Broken? No problem. Tangled Mess? That’s okay too!
Everything! 8 karat to 24 karat. Yellow Gold. White Gold. Purple Gold. All Gold.
So what are you waiting for? Call, Stop By, or Use our Online Services Today!
Check out Vermillion Enterprises: How to Properly Store Your Gold & Silver Coins video on You Tube.
While not mentioned specifically, this includes NOT smuggling gold.
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