TSA would confiscate 40k if they find it on you today...

Don't forget "several leather bound books and your mansion smells of rich mahogany." ref: Ron Burgundy, Anchorman

Yes they would. That’s called communism

Law enforcement in ks confiscates 3 million a year from travelers in amounts under $3200. Cost at least $5k to pay a lawyer to get it back.

^^^
usually without filing charges

I have never determined the exact amount beyond which cash is illegal

Could probably steal precious metal under the same law (federal) if drug use is "suspected".

Never been a fan of investing in it or owning it as something I tied my cash up in to hold it, unless it was in jewelry for the Mrs.
Jim

And it has a shelf life,fairly short under adverse weather conditions.

Silver closing on $29. Gold closing on $2400.

Wonder if election causing it to go up among other things.

it may going to keep going up till the election.

I don't think the upcoming election has much to do with prices of precious metals. The world wide economy is the main cause of increasing prices do to inflation. The only cause of inflation is money printing. About every country is operating on debt and fiat currencies that continue to be printed. Gold is real money. Has been for centuries. Silver is a totally different market. Silver can be money but is mostly an industrial metal that is being used up faster than it is being produced. Both are valuable tangible assets for different reasons.

While shorter-term corrections are always to be expected, the macro factors support the view that, despite its awe-inspiring path upward in the past few months, the rally for gold hasn’t finished. While inflation isn’t contained, the Fed is expected to stay the course with planned 2024 rate cuts that will make dollar weakness even worse. This can only mean higher prices for gold against USD.

Reacting to warnings from Bloomerberg about ballooning debt and the powder keg of inflationary pressure, Peter Schiff said:

“We have a much bigger problem than they acknowledge — that’s why the price of gold is at a record high, that’s why it’s going to keep going up.”

With the overstretched and over-indebted American empire increasingly in a state of potentially terminal decline, BRICS countries are stacking hard assets with the hopes of overtaking the West as the next economic superpowers in the coming decades. While they have fiat currencies of their own, none have anything resembling the world reserve currency status enjoyed by the USD. Buying the top even as gold continues upward tells a story of their future visions of US dollar chaos.

Besides, if you expect the dollar to fail, as dominant fiat currencies historically have, then “the top” doesn’t matter — if the bottom for fiat is zero, then there’s no meaningful top for hard assets like gold in fiat terms. And just as you didn’t want to be the last schmo holding seashells when no sane person would give you even the tiniest sliver of gold in exchange, it’s wise of central banks to avoid being the last ones trying to trade worthless paper for gold that, when fiat is functionally dead, will be infinitely more valuable.

Because when you zoom out far enough, the exchange price of fiat currencies always reverts to its true value of zero.

with the election coming people are more hesitant to invest in stock market and may buy precious metals instead.

ymmv.

I don't think the election has anything to do with it.
It is ongoing inflation, ongoing expectations of more inflation, reaction to the Fed talking about reducing rates sometime this year (foolishly IMO ) and geopolitical events in the middle east vis a vis the price of oil.

X2 White17. Israel is preparing for an Iran response this weekend. The Middle East is a powder keg waiting to explode. IMO

Why do so many hoard toilet paper when they get scared? Never could figure that one out.
Maybe they crap more.

Not me. Warren Buffet always said buy when others are fearful.

Maybe they get the crap scared out of them.

I say invest in soft gold!