How Switzerland prevents transactions with Russian gold

Where does the gold come from?

The Swiss gold refineries strive for transparency.

(Photo: Getty Images, dpa, Reuters)

Mendrisio, Balerna Before it can be processed further, the gold, which has traveled thousands of kilometers in inconspicuous wooden boxes to Mendrisio in Switzerland, first has to undergo a PCR test. With this first of several steps, they want to check the authenticity of the mentioned origin here at Argor-Heraeus, one of the world’s largest gold processors. A mine in South America is handwritten on the transport crates. But how safe is that in times like these?

After all, there is said to be a lot of gold on the way from dubious sources, which could become a reputable raw material if processed in a Swiss refinery. Something from Russian ownership, which the big Swiss gold processors – the most important in the world – no longer want to be foisted on.

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