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.
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.
