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Thread: Austria Considering Gold Repatriation

  1. #1

    Austria Considering Gold Repatriation

    The hits keep coming. Add Austria to the list of countries that want their gold back.


    Austria's gold repatriation consideration follows news of a possible Belgian gold repatriation, a recent gold repatriation request by France's National Front to the Bank of France and the Dutch repatriation of their gold from the New York Fed last month.


    These recent gold repatriation actions follow similar repatriation requests from countries holding gold outside their borders including Germany, Switzerland (pursuant to a populist referendum Save Our Swiss Gold) and Venezuela (repatriation completed).


    The recent spate of gold repatriations and requests/considerations to repatriate gold highlight the importance of gold as a reserve asset.


    https://smaulgld.com/gold-repatriation-austria/



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  3. #2
    In the case of Austria, an auditor has suggested that Austria keep more gold "in country". Neither the central bank nor any of the Austrian government has had anything to say on the issue. They have 230 tonnes and about 80% of that is presently stored in London.

  4. #3
    Quote Originally Posted by Zippyjuan View Post
    In the case of Austria, an auditor has suggested that Austria keep more gold "in country". Neither the central bank nor any of the Austrian government has had anything to say on the issue. They have 230 tonnes and about 80% of that is presently stored in London.
    Yep and that comes on top of a recommendation that they audit the gold in London. Perhaps that never happened so the new recommendation is to just ask for it back

  5. #4
    Quote Originally Posted by Zippyjuan View Post
    They have 230 tonnes and about 80% of that is presently stored in L̶o̶n̶d̶o̶n̶ China.
    Fixed



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