what is bullion trade mentioned in black money and the black economy
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ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ ⬇️
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ʙʟᴀᴄᴋ ᴍᴏɴᴇʏ ɪɴᴄʟᴜᴅᴇs ᴀʟʟ ғᴜɴᴅs ᴇᴀʀɴᴇᴅ ᴛʜʀᴏᴜɢʜ ɪʟʟᴇɢᴀʟ ᴀᴄᴛɪᴠɪᴛʏ ᴀɴᴅ ᴏᴛʜᴇʀᴡɪsᴇ ʟᴇɢᴀʟ ɪɴᴄᴏᴍᴇ ᴛʜᴀᴛ ɪs ɴᴏᴛ ʀᴇᴄᴏʀᴅᴇᴅ ғᴏʀ ᴛᴀx ᴘᴜʀᴘᴏsᴇs.ʀᴇᴄɪᴘɪᴇɴᴛs ᴏғ ʙʟᴀᴄᴋ ᴍᴏɴᴇʏ ᴍᴜsᴛ ʜɪᴅᴇ ɪᴛ, sᴘᴇɴᴅ ɪᴛ ᴏɴʟʏ ɪɴ ᴛʜᴇ ᴜɴᴅᴇʀɢʀᴏᴜɴᴅ ᴇᴄᴏɴᴏᴍʏ, ᴏʀ ᴀᴛᴛᴇᴍᴘᴛ ᴛᴏ ɢɪᴠᴇ ɪᴛ ᴛʜᴇ ᴀᴘᴘᴇᴀʀᴀɴᴄᴇ ᴏғ ʟᴇɢɪᴛɪᴍᴀᴄʏ ᴛʜʀᴏᴜɢʜ ᴍᴏɴᴇʏ ʟᴀᴜɴᴅᴇʀɪɴɢ.
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Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. ... Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.
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