Degussa Sun / Moon Gold Trading

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Degussa Sonne / Mond Goldhandel GmbH

logo
legal form GmbH
founding 2010
Seat Frankfurt am Main
management
  • Markus Ragg
  • Markus White
Number of employees approx. 130 (2016)
sales approx. € 1.9 billion (2016)
Branch Precious metal and coin trading
Website www.degussa-goldhandel.de

The Degussa Sun / Moon gold GmbH (usually shortened to Degussa gold trading ) is a 2010 based precious metals trading firm with its headquarters in Frankfurt am Main . Apart from the naming rights, there is no business continuity with the Degussa Scheideanstalt founded in 1873 .

history

The von Finck banking family around August von Finck junior acquired the rights to use the Degussa brand name in connection with the precious metals business from Evonik Industries AG for two million euros through Substantia AG . Umicore will continue to produce bars at the former Degussa AG . Degussa Goldhandel has its bars manufactured by the Swiss refinery Valcambi .

The economist Thorsten Polleit has been Degussa's chief economist since 2012 and is responsible for economic analyzes of the economy, precious metal and financial markets, monetary and economic policy.

In January 2014, the Munich Higher Regional Court ruled in the second instance that Degussa Goldhandel had to discontinue its misleading advertising with the motto “Degussa - Gold and Silver since 1843”, which was supposed to simulate a non-existent 170-year company continuity. According to research by Spiegel and WOZ , Degussa Goldhandel was one of the main suppliers of a lucrative trade with which the right-wing populist AfD party strengthened its financial base in the first few years.

Degussa Goldhandel has ten branches in Germany (including Berlin, Hamburg, Cologne, Frankfurt, Stuttgart, Munich) and other European cities (e.g. Zurich , Madrid , London ) as well as Singapore , and according to its own information, relies on a global one Expansion strategy. Degussa Sonne / Mond Goldhandel AG was founded in Cham , Switzerland in autumn 2010. In August 2013 Degussa Goldhandel took over the Würzburg precious metal dealer SilviOr GmbH, which specializes in the storage of precious metals. In November 2013, the London-based gold trading company Sharps Pixley was taken over. In August 2014 Degussa took over the Pforzheimer Scheideanstalt Schellhorn & Roth.

In March 2019, long-time managing director Wolfgang Wrzesniok-Roßbach left the company.

In September 2019 Markus Krall became the new chief executive officer. This is controversial because it called the ECB the "engine room of genocide" and wants to deprive people who receive money from the state the right to vote and stand for election.

The Goldmuseum Goldkammer Frankfurt , a sister company of Degussa Sonne / Mond Goldhandel, opened in 2019 .

Individual evidence

  1. ^ A b Doris Grass and Gerhard Hegmann: Comeback of the gold dealer Degussa ( Memento of November 4, 2011 in the Internet Archive ), in: Financial Times Deutschland , November 2, 2011
  2. ↑ a b Simone Boehringer: Recycling of the noble variety. In: Süddeutsche Zeitung , November 11, 2011
  3. ↑ a b Frank Stocker: Court stops gold fraud under a false name. In: Die Welt , January 5, 2014
  4. ↑ Degussa is only in there if it says Umicore ( Memento from November 3, 2013 in the Internet Archive ), Umicore press release from December 16, 2011
  5. ↑ Degussa with Thorsten Polleit as chief economist ( memento from September 23, 2015 in the Internet Archive ) , Degussa Goldhandel press release, April 23, 2012
  6. ↑ Melanie Amann, Sven Becker, Sven Röbel: Hidden AfD support: trace leads to billionaire August von Finck. In: Spiegel Online , November 23, 2018
  7. ↑ a b Interview with Degussa Managing Director Wolfgang Wrzesniok-Roßbach ( Memento from March 22, 2014 in the Internet Archive ) Börse on Sunday , November 15, 2013
  8. ↑ Jürgen Salz: Gold dealer Degussa wants to expand. In: wiwo.de , March 15, 2014
  9. ^ Deals of the day. In: Reuters .com , August 6, 2013
  10. ↑ German bullion retailer Degussa buys London dealer Sharps Pixley. In: Reuters .com , November 7, 2013
  11. ↑ Sharps Pixley emerged in 1957 from the merger of Sharps & Wilkins (founded 1778) with Pixley & Abell (founded 1852).
  12. ↑ Gerd Lache: Gold dealer establishes himself in the Goldstadt ( Memento from October 23, 2014 in the Internet Archive ) In: Pforzheimer Zeitung , August 14, 2014
  13. ↑ DEGUSSA boss Wrzesniok-Roßbach leaves the precious metal dealer | Investment News. In: bullion-investor.com. Retrieved May 22, 2019 .
  14. ^ Public announcement RegisSTAR. Retrieved May 22, 2019 .
  15. ↑ Jakob Blume: Degussa boss Markus Krall: Provocateur with calculation. In: Handelsblatt.com , January 16, 2020
  16. ↑ Sonja Fouraté: New Frankfurt Museum shows spectacular golden treasures. In: hessenschau.de , May 25, 2019