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Crime Agency seizes £4m of gold bars.


Wolves

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National Crime Agency seizes £4m of gold bars at Heathrow 'sent by south American drugs cartel from Cayman Islands on the way to Switzerland.

The gold, weighing around 104 kilograms.

 

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What's the market for stolen gold like? is it very difficult to sell? 

Or is this not stolen and just made by an illegal mine not paying taxes etc

How much less than spot would someone in Switzerland be paying for this to make the risk worthwhile 

 

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2 hours ago, Uksilverstackers said:

Probably full of heroin inside that is worth more than the gold....

Not so sure of that, read reports recently that US citizens are turning to street Heroin as its more affordable than the opioids that's the docs prescribe there!? 

“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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20 hours ago, Kman said:

What's the market for stolen gold like? is it very difficult to sell? 

Or is this not stolen and just made by an illegal mine not paying taxes etc

How much less than spot would someone in Switzerland be paying for this to make the risk worthwhile 

 

You can offload it slowly with several individual sales. However I suspect they were destined for storage. Easier that storing large stacks of cash. 

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