Austrian Gold Repatriation – The Fever Spreads

Austrian Gold Repatriation

Austria Considering Repatriating its Gold

Austria is examining bringing its gold held in London back to Vienna

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Update December 11, 2015: Austria repatriates another 15 tons of gold from London

Austrian gold repatriation explained by Austrian National Bank in this video

Update: October 20, 2015Austrian Central Bank President claims goal is to have 50% of its country’s gold in Austria

Gold Repatriation Craze Strike Austria as Vienna Wants its Piece of the 6,000 Year Old Bubble Back Home

Update May 22, 2015: Austria Repatriates 110 tons of its gold from London.
From Reuters Africa re Austrian Gold Repatriation

Austria has 280 tons of gold, of which seventeen percent is kept in Vienna, Austria. Eighty percent of Austria’s reserves are located at the Bank of England in London and three percent are held in Switzerland.

Earlier this year Austrian gold repatriation was a hot topic as there were reports that Austria was interested in auditing their gold held at the Bank of England in London.

austrian flagaustrian gold repatriation

Now Austria wants its gold back.

Austria is taking under advice of the Austrian state Audit Court the repatriation of their gold held in London.

The Austrian state audit court has issued the following advice: “given the high concentration risk in the Bank of England it advises the examiner to rapidly evaluate all possibilities of a better dispersion of the storage locations.”

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.

Austrian Mint sets gold sales record in 2015.

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Images: CanStockPhoto

Further Reading:

Gold Repatriation Requests (updated regularly)

Gold Repatriation Fever Strikes Belgium

Dutch Repatriate 122.5 Tons of Gold From the U.S. Federal Reserve

Gold News From Around the World

Gold Reserves By Country

Save our Swiss Gold – What You Need to Know (with links to all updates)

The Importance of Gold to Nations and Individuals

Gold and Silver Manipulation – Suspected

Silver and Gold Manipulation – Actual

Why a no Vote on Save Our Swiss Gold is Good For Gold

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