How to Import Gold Bars

Gold bullion bars
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Gold is a widely sought-after investment commodity. According to the U.S. Geological Survey, more than 2,200 metric tons of gold were produced worldwide in 2008, almost 10 percent of which was imported into the United States. Gold imports have long been heavily controlled by most national governments in order to prevent hoarding and the covert funding of illegal activities. The Department of Homeland Security claims that while gold bullion used to be illegal to import, it may now cross into the United States legally, subject to certain restrictions.

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Step 1

A Roman gold bar from the 4th century
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Obtain gold bars in a foreign market not currently under United States government sanctions and that have their country of origin clearly stamped. Cuba, Iran, Myanmar and Sudan all are subject to import restrictions in the United States.

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Step 2

Gold bars found in shipwreck of the S.S. Central America
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Obtain official documentation from the exporting country that indicates the gold's country of origin and the exporting government's approval for the movement. Some countries have gold export restrictions, and international regimes have been established to prevent the trade of illicit gold.

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Step 3

Gold bars, close-up view
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Present all documentation regarding origination and export approval to Department of Homeland Security officials at the border crossing. Be sure to declare that the gold is being imported, specify the country of origin and exporting nation, and allow the customs officers to inspect the gold bars. Gold bars not clearly stamped with a country of origin or originating from a sanctioned nation will be denied entry and may be confiscated.

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Step 4

Assortment of gold bars
Image Credit: Mario Tama/Getty Images News/Getty Images

Arrange for secure transportation of gold bars to a secure storage location. Gold is a valuable and portable commodity and is a prime target for theft.

Tip

Contact government officials in both the exporting country and the United States to inform them that the shipment is taking place and the expected timetable. This will allow for an expeditious inspection when passing through customs.

Consult a legal professional familiar with precious commodity import and export laws in the relevant jurisdictions in order to avoid any unexpected legal problems.

Warning

Do not attempt to conceal the origin of gold that has come from a country sanctioned by the United States. Doing so may result in criminal smuggling charges as well as charges of doing business with a prohibited entity.

Do not circumvent local law in the exporting nation. Many nations have extradition agreements with the United States, and violations may result in a forced return to another country in order to take part in legal proceedings.

Things You'll Need

  • Gold bars clearly marked with country of origin

  • Documentation indicating source country of import

  • Secure means of transportation

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