The Federal Government wants to drastically lower the upper limit for anonymous gold purchases: From 2020, precious metal traders should already control the personal details of the buyer and carry out a risk analysis for an amount of more than € 2,000.
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This emerges from a draft bill of the Ministry of Finance , which still needs to be discussed in the Bundestag.
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Up to now, anonymous gold purchases in Germany are capped at 10,000 euros. For comparison, even a simple 50-gram bar costs more than 2000 euros – a purchase would not be possible without disclosure of personal information.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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