Germany: Even for 50 grams of gold cash must be identified

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.

This is what the draft of the new Money Laundering Act, which will be passed by the Federal Cabinet on Wednesday, states. In addition to precious metal dealers also real estate agents and art auction houses have to change.

https://www.welt.de/finanzen/article197721851/Gold-Schon-wer-50-Gramm-bar-kauft-muss-sich-ausweisen.html

NWO surveillance state is alive and well in Europe.