Prescious Metals

OCG Activities

The ten most prominent modi operandi related to money laundering

All ten presented money laundering techniques rely on the use of intermediaries who use multiple bank accounts, exploit the financial market and financial service products such as loans, insurance, bonds, and stock market trading. Money launderers frequently set up and use shell companies that possess no significant assets and do not perform any significant operations, only serving the purpose of laundering funds. The shell companies used to send and receive…

Read More

No Image

Bank Spreads on Prescious Metals / Coins / Gold bar

Always find it remarkable how wide the spreads are on metals when you buy them at your bank: Date: Jan 10th 2014 Buy Sell Spread % Spread 1kg Gold Bar 28790 29495 705 2.39% 10g Gold Bar 281.7 316.6 34.9 11.02% Vreneli 158.87 189.71 30.84 16.26% 20-Mark Stück 205.14 257.84 52.7 20.44% Sovereign 201.11 227.92 26.81 11.76% data: Deutsche Bank % Spread indicates how much the price needs to move…