I'm in TX near the border. Can I buy gold in Mexico and sell it in the US for profit due to the exchange rate?

Question

I'm in TX near the border. Can I buy gold in Mexico and sell it in the US for profit due to the exchange rate?

Answer 1

I believe there's a duty tax with customs, but then again I guess if you're "smuggling" it in, who's gonna know.

Answer 2

In general, the price of gold in the two currencies will exactly match the relative valuation of those currencies, so you will gain no advantage. Other wise there would be hordes of people doing what you are asking about.

Grandpa