What to look out for when transferring precious metals within the EU?

[aegyed]

Hi, I currently live and work in The Netherlands, however shortly I plan to move back to Hungary. I am concerned about what would happen if they notice on the border that I carry 30~35kg silver. 

Are there any risks I should count with? Is there any chance the metals will get confiscated, or I have to pay money to proceed?

[sovereignsteve]

I didn't think there was a border between The Netherlands and Hungary. Schengen zone?

 

 

[sovereignsteve]

I remember driving from The Netherlands through Germany and Austria to Hungary about 10 years ago and didn't see any signs of a border.

[aegyed]

Yeah, it is in the Schengen zone. To be honest, I don't have much experience crossing the EU "borders" with a car. I always fly, owning a car in The Netherlands is expensive.

According to this document https://ec.europa.eu/home-affairs/what-we-do/policies/borders-and-visas_en, there should be no border checks at all.

[daca]

Normally there are no border checks, however this days many countrys have close the borders to stop the spread of Covid 19.  I'm 99% sure that this is valid for Hungary (you should check before setting off on the road).

Be prepared to spend a few hours at the border for health check.

Just in case, you should have bills/papers for all your PM.

 

 

[MickB]

https://news.goldcore.com/ie/gold-blog/eu-cash-gold-bullion/

Read this as it covers bullion as well as cash. 

[aegyed]

@daca thanks for the heads-up. Hopefully this whole pandemic ends before I move.

@MickB the article you linked is actually quite worrying. If I am not mistaken, they can confiscate it. Having 30~35kg of silver in the trunk of the car seems fishy enough to flag it as criminal activity.