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Ronan Manly: German government escalates its war on gold
11:40a ET Tuesday, January 14, 2020
Dear Friend of GATA and Gold:
Germany's government keeps reducing the threshold for anonymous purchase of monetary metals, Bullion Star research Ronan Manly reports today, noting that in less than three years the limit has fallen from E15,000 to E10,000, and now to E2,000.
The rationale for reducing the threshold, Manly writes, is to thwart money laundering, but parliamentary inquiry caused the German government to admit that it had no evidence for concerns about money laundering with gold and indeed little knowledge of the gold business in Germany.
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As the imposition of the latest limit approached, Manly writes, demand for metal at gold shops became overwhelming.
Manly's report is headlined "German Government Escalates Its War on Gold" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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