- 02 Dec 2023 02:48
#15297310
How do you get around taxes, like say estate taxes? Or otherwise do financial interactions without them being traced by the government? You buy an expensive good like a piece of art or gold etc, give it to someone, then they can sell it.
Crantag wrote:There are gold shops all over China. I always had the thought that moving money through gold could be a feasible option in a pinch. I don't know about the logistics of duties on shipments or transport of gold but it just occurred to me as an interesting notion passing by the Gold shops. Banks in China also sell gold.
I think that one of the reasons gold is popular in countries with lower development or robustness of financial investment opportunities is that gold can be a relatively more rational investment alternative in such places (including China and India).
How do you get around taxes, like say estate taxes? Or otherwise do financial interactions without them being traced by the government? You buy an expensive good like a piece of art or gold etc, give it to someone, then they can sell it.