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Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German finance ministry is being pointed to as the reason for the change, which is scheduled to take effect from Jan. 10, 2020.
After the new legislation takes effect, reports from German media state that purchases of the precious metal over €2,000 will now require customer identification for buyers, including criminal background checks for businesses.
https://news.bitcoin.com/germans-rush-to-buy-gold-as-draft-bill-threatens-to-restrict-purchases/
Comment:
Isn’t this just ducky?? 🙂 They will have a list Gold owners that could fall into the wrong hands. And that gold could have been sold, but still on a list. For a hapless robber.
Even Gun Buyers or owners are not allowed on any lists. The papers you fill out stay with the dealer. If the dealer goes out of business, those records are stored on a shelf, not allowed to be computerized. If there is a gun left at a crime, the serial number goes to the fabricator, and the fabricator names the dealer. Then the DEALER looks in his personal files and can help the police.