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What Would You Do If You Found A Stash of Gold Bars...but?

What gold bars?
 

Shave chunks of gold off each bar and sell the chunks in a town at least 100 miles away. It's worth the gas.
 

I would put it in my store room with my other treasure and go out and look fo more.
 

This thread has been fascinating to me. I've often dreamed of such a find and wondered what I would do. About all the family that I have left are my son, daughter, son-in-law, grandson and a few cousins. I have maybe four friends that I really care about. I think I would melt some of the gold and sell it little bit by little bit until I had enough money to buy an old motor home, a large one that looks all run down and ready for the scrap heap. Spend enough on it to get it road-worthy. Go on a trip across the USA and find a large city where I wouldn't be noticed too much. Find a place to have the motor home refurbished inside so it would be comfortable. I would take my son with me and maybe one friend that I'm close to. I would have to let my daughter in on the secret, of course; and the son-in-law. The grandson---? don't know about that because young people aren't that good at keeping secrets. I'd go out to the boonies and melt the rest of the gold bars into small chunks and sell them. I believe I could sell them all across the USA and maybe Canada while traveling and enjoying myself. I could send the other three friends and kin a few dollars along to make them happy; although I wouldn't let them know where the money came from except my daughter. No, I wouldn't want to live an extravagant life; just comfortable. If I managed to sell all the gold, I should have a nice little retirement fund. I think I would then buy some acreage somewhere away from everything, build a nice comfortable home, and maybe later send for my daughter and her family. Yes, I know y'all will blow all kinds of holes in this; but it's only a dream!!!
 

texasred777 said:
This thread has been fascinating to me. I've often dreamed of such a find and wondered what I would do. About all the family that I have left are my son, daughter, son-in-law, grandson and a few cousins. I have maybe four friends that I really care about. I think I would melt some of the gold and sell it little bit by little bit until I had enough money to buy an old motor home, a large one that looks all run down and ready for the scrap heap. Spend enough on it to get it road-worthy. Go on a trip across the USA and find a large city where I wouldn't be noticed too much. Find a place to have the motor home refurbished inside so it would be comfortable. I would take my son with me and maybe one friend that I'm close to. I would have to let my daughter in on the secret, of course; and the son-in-law. The grandson---? don't know about that because young people aren't that good at keeping secrets. I'd go out to the boonies and melt the rest of the gold bars into small chunks and sell them. I believe I could sell them all across the USA and maybe Canada while traveling and enjoying myself. I could send the other three friends and kin a few dollars along to make them happy; although I wouldn't let them know where the money came from except my daughter. No, I wouldn't want to live an extravagant life; just comfortable. If I managed to sell all the gold, I should have a nice little retirement fund. I think I would then buy some acreage somewhere away from everything, build a nice comfortable home, and maybe later send for my daughter and her family. Yes, I know y'all will blow all kinds of holes in this; but it's only a dream!!!
Click to expand...

It's a beautiful dream regardless. You seem to have a nice heart.
 

deodra said:
It's a beautiful dream regardless. You seem to have a nice heart.
Click to expand...

Thanks for the 'nice heart' comment! Gee, I sometimes wish I was back in Houston; at least in Texas!
 

OK,

I have thought long and hard about this one. Since it is hypothetical anyway, here is what I would do.

I would take ALL of the bars and have Treasurenet coins minted and sent to all charter members.

You all work so hard supporting this great hobby. I would share it with each of you.

:)

Patrick
 

Bull.webp


PatrickD That's pretty deep even for hypothetical !!!!


cm.webp Sorry TH I couldn't help myself! Frank...
 

There is nothing wrong with hypothetical and altruistic bs. It is good quality bs. Great for fertilizer in flower beds and gardens.

Would it be preferred that I donate it all to the US Government to pay a few seconds of interest on our national debt?

Just for that, I am going to bury it next to Forest Finns stuff. :)
 

Well re thinking my strategy. I'd get loan to open up a business let's say a pawnshop I'd melt the gold into rings and slowly fees them into the shop. I'd send a quarter of my gold away for money keep some rings there that'd be marked up. Then save the rest of the gold as a cushion. Pawnshop seems like a good front for a operation like this. It'd also get taxed so no tax evasion. It seems 95% legal in my mind
 

Ohh then I could buy a lambo and a 98 supra! Where are these gold bars I need them now! I could also pass the shop down to my next generation and the lambo. I'd want to be buried in the supra it'll get me to hell faster lol.
 

I don't suppose anyone wants to tell me where exactly I can find a few gold bars for free? Anyone have a treasure map? :laughing7:
 

Greed can make people do terrible things. I have seen once close families torn apart over settling the small estate left behind by a deceased family member. Literally fighting over pennies and crap. Finding a lost fortune like this would surly change your life. People act childish and petty over money. I would trust no one with a find like this, friends or especially family (I say this and I have some very close friends and family that I would trust with my life and would never let money come into the mix).

If I found this gold on my property that I owned I would keep my mouth shut and slowly sell it off in an untraceable way. I wouldn't "live large" with my new found fortune, or even deposit any of the money in a bank. At that point keeping your mouth shut will help you keep money, but you are treading down a dangerous path should the IRS ever get wind of it. Selling off slowing and paying taxes on it would be the way to go, you won't attract attention and will be legal. I would also do this if I found this gold on state or city property as well.

If the gold were on someone else property that is when things really get tricky. I have read and heard first hand many stories of property owners not caring and letting the hunter keep whatever he finds, but that mindset changes when a few old silver coins are found as now the owner wants to keep them all.

Once again on the friends issue, the owner could be a good friend but when you find a huge stash of gold the greed mentality may kick in and they lay claim to it all, leaving you with nothing and no legal leg to stand on. A find like this would really put your personal morals to the test: keep your mouth shut and keep it all or tell the owner and risk him keeping it all or blabbing his mouth and losing it all to whoever else comes out of the woodwork? Legally it is theirs unless you have a signed contract to split finds, even though they could not have found it without your metal detecting expertise :laughing7:

Personally I would have to see how well I knew the person and what kind of person that they were. A find of several million dollars worth I would probably get something on paper to the like of splitting the finds or a finders fee. I would do all of this without them knowing what had been found or the dollar amount yet. A find of $$$ may not be bad and they agree to a 50/50 split, but a find of $$$$$$ may result in them saying get the hell off my property while they strip-mine the place to find it themselves. But going the split route is going to create some noise and next thing you know everyone else will be holding a hand out laying claim to your find, in essence a double edged sword.

If the owner was a complete jackass I would be temped to keep my mouth shut and just never return. If they were a good person or friend, I would immediately get something on paper then agree upon a plan on how to convert the gold to cash. Because if you take the low profile approach and if they get caught you can guarantee that they will sing like a canary and bring you down with them.

Related story: Out here in the country there was a family owned junkyard that had been in business for well over half a century. When scrap steel went up several years ago the current owner began crushing cars and selling them as scrap. He was selling less than $10k at a time for cash and hiding the money. What finally got him in trouble was when his wife deposited somewhere around $9k in a bank. Apparently the bank was alerting the FBI of any large deposits as suspected bank robberies.

The FBI started investigating this fellow. When they raided his house they had sledge hammers as someone ratted him out to the authorities and claimed that he had money hidden in his walls. When all was said and done, he had over $3M in cash that he had not paid taxes on hidden in his house. After the legal fees, back taxes, and penalties they really stuck it to him. I don't believe that he was ever sentenced for tax evasion. The sad part is the junkyard owner was a good honest guy and very nice to deal with. He just made a bad decision and a series of events and friends ratting him out (jealousy?) took him down.




A find like this could be more of a curse than a blessing.
 

texasred777 said:
Thanks for the 'nice heart' comment! Gee, I sometimes wish I was back in Houston; at least in Texas!
Click to expand...

Quite welcome! I prefer simple pleasures :)
 

deodra said:
I don't suppose anyone wants to tell me where exactly I can find a few gold bars for free? Anyone have a treasure map? :laughing7:
Click to expand...

The treasure map leads to two places. FrankN's front yard and UncleBuck257's back yard.

(just kidding.)
 

PatrickD said:
The treasure map leads to two places. FrankN's front yard and UncleBuck257's back yard.

(just kidding.)
Click to expand...

ROFL! That's funny. 'X' marks the spot, right Indy?
 

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