Re:The War on Cash
by Symbiote on Wednesday February 17, 2016 @01:35PM
(#11120106)
Gold is going to be somewhat harder to spend.
"The Serious Organised Crime Agency claimed that "90% of all €500 notes sold in the UK are in the hands of organised crime", revealed during an eight-month analysis." [1]
€500 weighs 1.12g, but is worth $1.11, so US$1M in €500s is 2kg. A very decent saving.
Of course, the UK doesn't use the Euro, so it would be interesting to see the same analysis done in several different Eurozone countries.
"The Serious Organised Crime Agency claimed that "90% of all €500 notes sold in the UK are in the hands of organised crime", revealed during an eight-month analysis." [1]
€500 weighs 1.12g, but is worth $1.11, so US$1M in €500s is 2kg. A very decent saving.
Of course, the UK doesn't use the Euro, so it would be interesting to see the same analysis done in several different Eurozone countries.
[1] http://news.bbc.co.uk/2/hi/uk_news/8678886.stm