There's a new privacy rule coming into play in early 2020 in Germany.
Right now, you can buy 10,000 Euro of gold....without disclosing who you are. The new rule (if passed) would require you to submit paperwork for any gold purchase over 2,000 Euro. It'd go to the government, and they'd know your 'story'.
Reason for this? Folks think it's part of an effort to combat money-laundering.
The odds of black-market gold sales to start up because of this? I would speculate that it's pretty safe to say that various mafia or clan groups will get into the gold business.
But all of this would beg the question....is there significant amounts of money-laundering taking place in Germany. The finance experts suggest 'yes'. The cops don't say much.
Do Germans buy gold as a 'safety-measure'? Some do, although I won't suggest it's at the level that you see in the US. And if they do purchase gold....they certainly don't admit this to their friends, neighbors, or associates. And the government would be the last to know of a guy's private collection.
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