Posted on 04/09/2017 8:31:23 AM PDT by mandaladon
A tank fanatic got a new model in a £30,000 [$37,000] trade-in — and found more than £2million of gold bullion hidden in the fuel tank.
Nick Mead, 55, discovered the five gold bars in the Russian T54/69 while restoring it to add to his collection of 150 military vehicles.
He and mechanic Todd Chamberlain were filming themselves prising open the diesel tank in case they found munitions and needed to show it to bomb disposal crews.
Instead, they pulled out the bars, weighing up to 12 pounds — 5kg — apiece.
Todd, 50, said a quick calculation suggested they were worth in excess of £2million [$2.5 million].
He added: “We didn’t know what to do. You can’t exactly take five gold bullion bars down to Cash Converters without questions being asked, so we called the police.”
Nick runs Tanks-a-Lot, giving petrolheads the chance to drive any of his tanks on his farm in Helmdon, Northants.
(Excerpt) Read more at foxnews.com ...
If you were talking about a couple of small coins or the cash tips a waiter gets, that’s one thing. But these are bars. Melted gold sends up red flags with pretty much any dealer and the amount in question would be very hard to conceal without leaving evidence. And of course failing to report the cash from a 1 oz gold coin is going to be treated differently from millions of dollars/pounds. You try to hide that and get caught, you are going to jail for a really long time.
For all those advocating large scale tax evasion, remember the old adage... “if you can’t do the time, don’t do the crime.”
It’s not worth it. Pay the taxes and be happy with what’s left.
The real problem is that there were two people who found the Gold. As the great Mafia Kingpin Carlos Marcello once said, “Three people can keep a secret if two of them are dead”, applies here.
If it were just one guy, then he should have hid the gold for the day the Collapse comes. Then he has money for the future. Otherwise he melts it down into one ounce coins or less and hides them. Would never give it to the government, they always want their cut and they may confiscate it and he never gets it back.
Or you could boost the value of your compound by 2mil by installing 24K plumbing, wiring, stuff like that.
“a bit small”...agree...the tanks in our Explorers were bigger than that.
Some people just love the spotlight. I'm firmly in the "keep it zipped" camp.
Sure hope he like lawyers, bureaucrats and long lost relatives.
Now the lawyers of various nations are going to fight over who owns the gold. These guys who found it are going to loose a ton of money and the lawyers will wind up with most of it. Check out what happened to the Spanish Galion treasure hunters.
“Friends all tried to warn me, but I held my head up high.”
Gold is measured in Troy ounces not avoirdupois ounces.
There are 12 Troy ounces in a pound verses 16 avoirdupois.
Multiply pounds by 12 to get the number of ounces of gold.
[[Gas tank seems a bit small for a tank]]
Nah- those tanks got excellent gas milage
After all, the main thing that stops most people from learning goldsmithing is the cost of material. :)
Yep ....cut or melt it down into small pieces and never sell it to the same dealer, jeweler or collector twice. Or.....gold plate the tank and use the main gun if the goobermint tries to take it from ya.
shades of Kelly’s Heroes ???
You seem to be assuming that the .gov would leave him with anything that he needed to pay taxes on.
Gold is measured in troy ounces, not avoirdupois, so your calculation is wrong. However, 25 kg is a little over 800 troy ounces, thus you are right that the value of the gold is much closer to $1 million than $2 million.
i beleive gold is measured in troy ounces- 12 troy ounces per lb
We didn’t know what to do.
Keep mouth shut
Yes, I am. This is Great Britain, not Venezuela.
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