Anyone up for an intellectual exercise in cach burying?

[Crow]

Australia is merely another hooker, look at their citizen held in the UK for that other........

Yes I know of the person you speak of but alas we are digressing into politics. So I will refrain from commenting further along those lines.

When searching for treasure amigos your viewed as an eccentric if your rich or just crazy if ya poor. Find anything then everyone wants a piece of you. A slow death by a thousand cuts in lawsuit after lawsuit.

So you see why it is tempting for some who knows this to be so, to be invisible and fly under the radar if possible.

But some times necessity dictates one to be exposed and open to incrimination.

Crow

 

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[BillA]

ARC read up on Asset Forfeiture
a feature, not a fluke

 

[Crow]

ARC read up on Asset Forfeiture
a feature, not a fluke

Its not just an America thing amigos many countries have asset fortitude legislation.

Since 2007, the US Drug Enforcement Administration (DEA) has seized $3.2 billion in cash without filing charges, and with no judicial oversight.


Crow


https://noffs.org.au/blog/asset-forfeiture/

 

[ARC]

Post deleted... politics.

 

[Crow]

Alas amigos its not rocket science to see why money is hidden even paper money even by people not necessary by people engaged in criminal activities. Money can be hidden of fear and mistrust from authorities.

Crow

 

[Crow]

China is a classic example the newly found wealthy in China are **** scared of their government at a whim the government can confiscate all your property and assets. So many people launder their money through casinos who had special license to gamble. China crack down on Macao. So tourist junket companies formed by the triads running private jet flights for high rollers to the casinos in Australia laundering 35 billion dollars.

It was so common and so brazen Chinese would roll up with shopping bags of money. Exchange it for chips and gamble a little bit walk out with clean money. Day in day out.



With their money cleaned they invested in real estate in Australia. There are 200 thousand properties apartments in Sydney alone owned by the Chinese. Most are empty never been lived in or rented out. However they are gambling on a return from growing house values. But most of all hiding assets from the communists.

Crow

 

[MiddenMonster]

It was so common and so brazen Chinese would roll up with shopping bags of money. Exchange it for chips and gamble a little bit walk out with clean money. Day in day out.

That's actually an excellent idea. Casino's are the perfect cash business to move found money into the mainstream, but I imagine there is a level of etiquette that has to be observed. While they love having you bring your money to the casino, I'm sure they wouldn't be too happy if you came in 3 times a week and turned $50,000 into chips, then gambled a few minutes before cashing out $49,000 in chips and walking out the door. If you found $10 million in modern money and wanted to rinse it off through a casino you would have to be prepared to let some percentage of it work as grease to keep the casino happy. You would also want some kind of documentation from the casino if you wanted to deposit that money into a bank. I've never won a large amount of money at a casino, but I'm guessing that these days they can deposit that money electronically into your account, or cut you a check that avoids the reporting requirements. I also don't know what kind of cut the casino would want if you planned on running the entire $10 million though their tables.

 

[Crow]

Gidday amigo

The house always wins 30 percent. When it comes to gambling. Casinos are not there to gamble themselves they are there to make money. So for example. What happens the loss at the casino is already factored in to cleaning of money. Casino winnings in Australia are tax free. The owner of the money to be laundered is not even present. It is in the hands of a gambler who is controlled by a handler that is controlling several gamblers. They go in say for example. Take 100 grand to be laundered. The gambler will gamble about 10 percent. The bank is the casino will get 30 percent of what was gambled and the government will get thier cut from casinos in tax. The gambler gets paid in wins from the 10 percent The handler gets a cut from all the gamblers they control.

Crow

 

[Crow]

Most of this is handled by the Triads who controls the handlers.

Crow

 

[Crow]

All winnings from gambling in Australia is tax free. As it not deemed as income but good fortune.

Crow

 

[MiddenMonster]

All winnings from gambling in Australia is tax free. As it not deemed as income but good fortune.

In the U.S. pretty much any money you receive is considered taxable income, including money you find on the ground if it raises your gross income to taxable levels. Casinos will deduct taxes from jackpot winnings and immediately report them at the point of payoff if they reach a threshold level, but you won't be taxed when you cash in your chips. The amount where they do so is somewhat nebulous. So if you won $5,000 from a slot machine the taxes would be immediately deducted. But if you, over the course of several hours in an evening won $50,000 in small increments you could cash in the chips without paying taxes. But you would still be responsible for reporting that income to the IRS on your own. A professional gambler can deduct their losses against their winnings on their tax return, but only if they have the documentation to back it up. So if you are ever at a horse track in the U.S. and see someone picking up losing tickets off the ground at the end of the day, that's probably what they are doing.

 

[FriscoT06]

So back to one of the original questions- Do you think cash could be preserved if buried in a box filled with a wax of some sort? So that the cotton/linen U.S. paper money is essentially encased in a block of wax? I was reading about the 300 year old Beeswax wreck off of Oregon and how there are still chunks of beeswax occasionally found washed ashore. Analysis of the wax even found preserved bee's wings native to the Philippines.

 

[MiddenMonster]

So back to one of the original questions- Do you think cash could be preserved if buried in a box filled with a wax of some sort? So that the cotton/linen U.S. paper money is essentially encased in a block of wax? I was reading about the 300 year old Beeswax wreck off of Oregon and how there are still chunks of beeswax occasionally found washed ashore. Analysis of the wax even found preserved bee's wings native to the Philippines.

In terms of protection from water and other external forces I think wax would do very well. But there might be problems if the wax came into contact with paper. Paraffin and beeswax contain oils and fatty acids that would leach into the paper. This could result in damage, and probably couldn't be removed without causing damage. The obvious solution would be to protect the cash by securing it in plastic or some other protective container, then use wax to protect that outer container. Interestingly, Cosmoline (similar to Vaseline) is a wax-like substance, and it is used to coat firearms for long term storage. So you may be on to something in terms of using it as one layer of protection, something between the cash and the outermost line of defense. In fact, wax might be something that could be used between multiple layers of protection to stave off the evil elements that seek to destroy your treasure. And if it works for cash, it should work equally well for any kind of treasure. I'll have to put that on my list for when I have to bury a treasure...

 

[stoneshirt]

BillA..I hear Costa Rica is nice this Time of Year.Ja ja....

But,seriously..All you would have to do is get it (the Money) down to a Latin American Country. " No problem"....Ja ja...Chinese Merchants,Latin Lawyers,hell,even Politicians are prospects for making Business..
Oh,and by the way,I've lived here in South America (Costa Rica,Panama,and now,Colombia for around 15 Yrs,but unfortunately,as the Proverbial Church Mouse...................stoneshirt.

 

[BillA]

the transport of cash used to be expected, then the drug thing came along......
and sellers sometimes do not want cash.....

more and more one would have to question secreting any kind of fiat script,
buy tangibles and bury those, much easier

 

[Crow]

If I was to hide paper money amigos.

I would wrap the money in shrink wrap bags you know the ones you can suck out all the air of. Coat in wax then insert into a cavity of Cement block, then concrete the hole up. So the money is sealed in the chambers of the block.



Crow

 

[Swaveab]

I have to say this has morphed into one interesting thread. I do fear that even I could be targeted for saving cash outside of using the banking system to save for things such as a car. No new car is under $10k that would be worth a crap. In the past savings accounts and CDs actually paid something worthwhile and I got my home via that method long ago while paying taxes on the applied interest gained. Today I find banks give nothing and their fees amount to more than that gained in many cases. In addition, I don't trust them as I saw them rip off my wife of cash she had. The purchase of that very car would trigger that CTR on me and yet, I'm just saving hard over many years. I'm at a position now after reading this of the proverbial rock and a hard place. No, my income is not very high to hide such a transaction. Now what?

 

[BillA]

ain't government nice,
let's do like Brussels with layers of rulers never elected
not that elections amount to any insurmountable problem

the banks are the chutes through which the sheep are run for shearing

Swaveab, sounds like you do not support the government's control of criminal activities
(they get to define who is...)

 

[MiddenMonster]

I would wrap the money in shrink wrap bags you know the ones you can suck out all the air of. Coat in wax then insert into a cavity of Cement block, then concrete the hole up. So the money is sealed in the chambers of the block.

I like the wax part, but given the composition of cinder blocks I'm not sure that I would trust them to provide a perfect seal. If I went with cinder blocks I think I would either coat them in wax, as well or slather them in cement to make sure they were sealed up. That said, I've never actually tested a cinder block to see how water tight it really is.

the banks are the chutes through which the sheep are run for shearing

Wait till they pull the lever on the whole digital cash thing and do away with physical money. When that happens the government will be able to turn you on an off at will. Do something they don't like, legal or not and some petty functionary will stop your ability to access your money or pay for goods and services. It will then be your responsibility to fight to get your money turned back on--after a court hearing in two weeks and racking up some debt with an attorney to help you fight it. In the mean time you can't pay your bills, buy food and fuel or be a responsible person. And of course, barter will be illegal.

 

[Swaveab]

ain't government nice,
let's do like Brussels with layers of rulers never elected
not that elections amount to any insurmountable problem

the banks are the chutes through which the sheep are run for shearing

Swaveab, sounds like you do not support the government's control of criminal activities
(they get to define who is...)

Government is doing a better job of controlling law abiding citizens than criminals.