Even for 50 grams of gold cash must be identified
By GCRU Gold News on Sunday, August 25 2019, 22:05 - Permalink
The policy significantly restricts the anonymous purchase of precious metals and art. According to the bill, the new cash threshold of 2000 euros will apply from January. Money laundering and terrorist financing should be prevented.
Not even a 50 gram gold bar can be bought anonymously from next year. If the current price of 2100 euros but above the new cash threshold of 2000 euros. In the future, cash purchases for the precious metals trader will require: Request, copy or scan the buyer's ID and keep the document for five years.