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Importing Gold Into The U.S.

Importing Gold Into the U.S.
Do you know what’s involved with importing gold in the US? The list of requirements ensure everything is done properly with this precious metal. We help shippers navigate the process of importing gold into the U.S.
USA Customs Clearance
November 10, 2020
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Last Modified: December 2, 2022

One of the most expensive precious metals on Earth and definitely one of the most costly items based on weight, gold is valued around the world for both its beauty as jewelry and many uses which include dentistry, electronics and even medicinally. With something so valuable and in such high demand, it’s no wonder you’d want to start importing gold into the U.S. Yet for these very reasons, it makes importing the product to be a potentially dicey affair if you don’t know what you’re doing. 

But it doesn’t have to be all doom and gloom. Importing gold into the U.S. can be a simpler process as long as you know how it’s regulated, learn about the customs clearance process and lean on a knowledgeable customs broker to assist you in the endeavor. 

Work with a specialist to make importing and exporting to the USA a hassle-free process.

Get the details you need with our import consulting services.

Can I Bring Gold Into The U.S.?

Can I Bring Gold Into The U.S.

There was a time in America where U.S. citizens couldn’t own or trade gold, outside of some personal jewelry or coins. However, since 1975, the members of the country have been free to buy, sell and trade the precious metal as they see fit.

So gold can indeed be imported into the U.S. for various purposes. As a country, the United States has certainly stocked up on it. America easily has the most gold holdings in the world as a country with over 8,000 tons. Germany, for comparison, has nearly 3,400 tons. And that doesn’t count the private holdings of citizens either.

If the value of the gold imported is equal to or greater than $10,000 in value, you must fill out a FinCEN 105 form. A Customs and Border Protection (CBP) officer will need the items declared to him or her.

Does the U.S. Regulate Gold?

Gold is regulated by several United States agencies but not in the ways you might think. There are four regulatory bodies to think about when importing gold that emcompasses all precious metals to one degree or another.

The Federal Bureau of Investigation (FBI) and the CBP make sure that any pieces of gold entering the country are within 1/2 of a carat of the stated fineness. Anything outside of that variation is prohibited. This is for the specific commodity in question though. The CBP also has the power to crack down on illegal practices surrounding gold production

The next two agencies have regulations that affect gold but cover any commodity that enters the U.S. Continuing along that vein is the International Trade Commission (ITC), which determines if unfair methods of competition took place. If that’s determined to be the case, the ITC will restrict such imports. Lastly, the Office of Foreign Assets Control (OFAC) can impose sanctions on importers if it violates any of its administered regulations.

Importing Gold With A Customs Broker

Importing Gold With A Customs Broker

Knowing the general parameters of importing gold may be enough to undertake the process. However, having a very clear idea about the areas in which a licensed customs broker can ease the pressure on your business or just provide help for aspects of the importation that you either don’t want to or cannot do can be a huge help.

For instance, a regular customs bond won’t work for the importation of gold. A specific one especially for precious metals must be acquired and implemented before your first shipment leaves its country of origin. A customs broker who has a comprehensive variety of services should be able to sell this type of bond with no problem whatsoever.

Another neat feature of using a customs broker is the assistance they provide in helping you fill out all the forms associated with clearing customs. These forms have to be filled out to exacting standards, with no incomplete or inaccurate information, plus filed with the CBP before the items are allowed to even be on their way. These forms are numerous and also lengthy, so this might be a good area for your business to invest in getting some guidance.

You might wonder what happens once the gold reaches the border crossing either over land or via a port of entry? It’s not as simple as the CBP simply asking you to come get your stuff. It must undergo inspection and pass muster before it is considered for release. A licensed customs broker can act for you, both in clearing the goods and then accepting them on your behalf. Adding another layer of value, most customs brokers have connections with third-party logistics (3PL) companies and can also negotiate freight shipping services for you to get the gold to its intended destination.

As you can see, using a licensed customs broker comes with a lot of amenities that you just don’t get when trying to do it yourself. While there is a cost involved, it can be well worth the money to have someone else expertly handle it.

Importing Gold Into the U.S. With USA Customs Clearance

Now that you’re fully prepared to start importing gold into the U.S., it’s time to take your business to the next level by linking up with USA Customs Clearance, powered by AFC International. We have several crucial services to offer your operations that can save you time and money while also reducing the stress of clearing customs.

Since it’s been established that gold requires a specialized customs bond in order to be imported, partnering with USA Customs Clearance ensures that you can purchase this in order to be able to import with no holdups. We can even renew your bond on your behalf so it doesn’t lapse.

Going down the line of the advantages of using USA Customs Clearance brings us to our 1-on-1 import consulting sessions. If you’ve ever had a list of questions or were unclear about any aspect of what it takes to get your goods across U.S. borders, these sessions are for you. You get uninterrupted time with a licensed U.S. customs broker in an information-packed 30 minutes where you’ll clearly and concisely learn about the various aspects of successfully clearing through the CBP.

So when you’re getting prepared to begin importing gold into the U.S., give the experts at USA Customs Clearance a call at 855.912.0406 to get set up for your import consulting session today.

Work with a specialist to make importing and exporting to the USA a hassle-free process.

Get the details you need with our import consulting services.
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9 comments on “Importing Gold Into The U.S.”

  1. I'm going to Ghana, Africa first week of December. I would like help obtaining license to carry back.
    4 kilos, 2 bars of gold.

  2. my name is franco masaba American citizen my origin Uganda i have my Dad dead in !994 left Families Gold 2 kilo and diamond 4 bigs stones i want to bring this and sell in america to help pay for school for my brothers and sister what proccess to i need to do get permit or what do i need to do

  3. I have 20 Kilograms of Gold Dore Bars (unwrought) from the Democratic Republic of Congo, that I wish to import into the USA to my company headquarters in Sterling Heights , MICHIGAN ( MS INTERNATIONAL HOLDINGS, LLC ) what is the process, what do I need, how much will it cost me, are there any duties/customs fees for “unwrought” gold ?

  4. What is the process for importing gold concentrate from a mine in Central Asia?
    What is the customs on same?
    What does the Customs Bond cover?

    1. If I am using a certified shipping company to get gold to me in the US from Germany, is there a tariff and has to be paid in the US. Could you inform me if there are any more fees after it reaches customs before it reaches me?

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