81–90 of 91 posts
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GPS tracking? Some kind of tamper-detection with a sender? At his budget he could be communicating through satellites.
would need a permanent power source to do that. batteries slowly leak power even if unused. with a solar charger batteries would eventually wear out from the charge cycling. GPS and satellite communication is relatively power hungry. plus, the radio emissions would be a dead giveaway.
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1) Mark the location by GPS coordinates, write it down in a few safe places, get back to civilization and make a plan 2) Hike out the hoard in several batches 3) If you are a particularly paranoid sort of person, unless the coins are worth significantly more by their rarity value, buy a $2000 furnace and crucible and melt them down into bars. Sell the bars at a slight loss below the value of 99.999% purity.
This is not how physical gold works. My understanding is that it's tightly regulated with unique identifiers for all ingots, bars, etc and the ownership of each being recorded so there is an audit trail if a diluted bar or ingot is found later. I assume freshly mined gold has to go through some type of formal lab validation / certification for purity that puts it into this identification scheme. I expect nobody will…
Interesting to consider what you would do if you found it? Presumably you're in the wilderness with a 40 pound chest. Your car might be fairly near, as Fenn makes clear when he notes he was 80 when he made "two trips from my vehicle" to the site. So if you're fit or have help you can probably get it back to the car (40 pounds is a lot to carry in hiking terrain). What happens once you do? How do you claim title to it…
Emulate the 'Saddle Ridge Hoard' couple. They were smart about it when they found those 8 cans in Gold Country. They picked out a firm of coin experts (Kagin's) to represent them, and to stay anonymous. https://en.wikipedia.org/wiki/Saddle_Ridge_Hoard
Reminds me of Kit William's "Masquerade". I remember his coffee-table book that kicked off a treasure hunt in the '70's. I later read with fascination how the treasure hunt was planned, executed, and finally solved. The party that solved the puzzle did not in fact find the golden hare — instead an individual who had not solved it did. https://www.goodreads.com/book/show/1176887.Quest_for_the_Go... We need more hidden…
https://www.filfre.net/2016/05/kit-williamss-golden-hare-par...
https://www.filfre.net/2016/05/kit-williamss-golden-hare-par...
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Emulate the 'Saddle Ridge Hoard' couple. They were smart about it when they found those 8 cans in Gold Country. They picked out a firm of coin experts (Kagin's) to represent them, and to stay anonymous. https://en.wikipedia.org/wiki/Saddle_Ridge_Hoard
Wasn't that hoard located on their own property? I think that simplifies the provenance issue significantly.
This guy is a scam artist of sorts. At first I thought his cause noble...to get people outdoors. But now he's responsible for people dying. Not directly of course, but still. He's not offered any proof that he ever had such a treasure. His words are vague enough that any place could fit. He claims it's not been discovered yet with certainty. The mentally ill and destitute are flocking to his tale and killing themselv…
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You could melt it down into rudimentary jewelry and then perhaps sell that to gold buyers, who don't have to report <$10K transactions to the IRS
Transactions above $600 are reported to the IRS on form 1099 MISC. You're thinking of the bank account deposit reporting threshold.
"Gold and silver jewelry, like bullion, is also considered a collectible. So if you sell your bullion jewelry for a profit, it is subject to the same maximum 28% capital gains rate for precious metals and must be reported on your income tax return. Current law does not require that dealers report jewelry sales, even when dealing with 22K or 24K bullion-grade pieces, or in quantities above the 25 ounce limits applied to bars and many coins."