Schwerin authorities ban gold trader from operating in city

The Schwerin trade office has prohibited a trader from Lower Saxony from conducting gold and precious metal transactions within the entire city limits. The ban follows police reports regarding a temporary gold buying operation at the Kepler-Passage.

Authorities noted that the trader advertised short-term buying sessions and collected customer addresses, allegedly to facilitate subsequent home visits for evaluating and purchasing jewelry and gold. Under Section 56 of the Trade Regulation Act, the commercial purchase of precious metals via itinerant trade is generally prohibited. The trader faces fines of up to 10,000 euros for any violations of this order.