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Gold in German Depots: Regulators Want to Know Who Owns How Much

from GoldReporter:

Goldreporter obtained information that the Federal Financial Supervisory Authority (BaFin) has asked German banks and investment intermediaries in a letter, to hand over data about their clients investments in precious metals until mid-July.

The state wants to know how much money Germans have invested in gold and silver. Information provided to Goldreporter shows that the BaFin requested copious information about client investments in precious metals from German banks and asset managers. But the requested information is only about derivatives.

The letter shown to Goldreporter says:

Read More @ GoldGoldReporter.de

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