Key facts
- Executives have warned of a crisis in bullion smuggling.
- High gold prices are cited as the trigger for increased illicit activity.
- The surge in smuggling is reportedly fueling wars and criminal gangs.
Executives are sounding the alarm over a 'crisis' of bullion smuggling, which they state is being fueled by high gold prices. This illicit trade has seen a significant surge, with warnings that it is contributing to the financing of wars and criminal organizations.