Assorted Gold-related News

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Assorted Gold-related News

Post by dualstow » Thu Jun 08, 2023 4:39 pm

Financial Times on a Porsche SE scandal:
Siegfried Wolf is one of two indicted “entre­pren­eurs”, accord­ing to sev­eral people famil­iar with the situ­ation.

The case involves alleg­a­tions of “hid­den assets” amount­ing to about €6.8mn and funds exchanged into gold and kept in Switzer­land, Aus­tria’s state eco­nomic crime and cor­rup­tion pro­sec­utor said in a state­ment.
a criminal with taste 🤤
Sam Bankman-Fried sentenced to 25 years
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seajay
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Re: Assorted Gold-related News

Post by seajay » Fri Jun 09, 2023 10:28 am

dualstow wrote:
Thu Jun 08, 2023 4:39 pm
Financial Times on a Porsche SE scandal:
Siegfried Wolf is one of two indicted “entre­pren­eurs”, accord­ing to sev­eral people famil­iar with the situ­ation.

The case involves alleg­a­tions of “hid­den assets” amount­ing to about €6.8mn and funds exchanged into gold and kept in Switzer­land, Aus­tria’s state eco­nomic crime and cor­rup­tion pro­sec­utor said in a state­ment.
a criminal with taste 🤤
Non hidden assets = state loaned assets
Hidden assets = own assets

Nowadays if you hide physical cash or gold, its assumed you're a money launder or up to other illegal activities and if the state finds it or is made aware of its whereabouts, then the state might confiscate it as being the suspect proceeds of illegal activities.

Many states monitor all of the activities, movements and actions of their citizens.

Unfree world, a.k.a Open Prison.

Personally I'd rather not raise offspring under such captivity.
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dualstow
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Re: Assorted Gold-related News

Post by dualstow » Tue Jul 11, 2023 5:57 pm

American likely used diplomatic passport to try to smuggle gold into Japan — NHK
https://www3.nhk.or.jp/nhkworld/en/news/20230711_21/
Sam Bankman-Fried sentenced to 25 years
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