| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: Call to Bring Austrian Gold Back Home from the UK
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from Austrian Times
There is heated debate in Austria after it was revealed that the country’s National bank (OeNB) is storing its gold reserves in England.
In response to a parliamentary question the bank said that 224. 4 tonnes (around 80%) of Austrian gold reserves were in the United Kingdom, around 6.9 tonnes (around 3%) are in Switzerland and around 48.7 tonnes (around 17%) are in Austria itself.
The OeNB said that the reason to store gold abroad was that because in a time of crisis it could be speedily traded. Since 2007 Austria’s National bank had had a constant reserve of around 280 tons of gold. Through leasing of its gold the Austrian National Bank has in the last 10 years earned around 300,000,000 euros.
Continue Reading at AustrianTimes.at…
2012-11-22 09:42:59
Source: http://silveristhenew.com/2012/11/22/call-to-bring-austrian-gold-back-home-from-the-uk/
Source:
