Belgium Gold Repatriation
Following its Netherlands neighbor’s lead, Belgium is exploring repatriating all its own gold
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Belgium Is Exploring Repatriating its Gold
Update December 8, 2014: VTM News Confirms The Belgian Central Bank is Investigating Gold Repatriation
Fresh off the annoucement that the Netherlands had repatriated 122.5 tons of its gold, Dutch gold reseacher Koos Jansen, broke the story that the Belgium Central Bank is considering a similar move to repatriate its gold, serving up this video clip from Belgium TV:
Belgium Gold Reserves
Accoording to the World Gold Council, Belgium has 227.4 tons of gold or approximately 7.3 million ounces (the Netherlands has 612.5 tons or 19.6 million ounces).
Like Switzerland, Belgium has sold off a good portion of their gold reserves. Since 1989 Belgium has sold over 1,000 tons of its gold.
Now the Belgium Central Bank apparently wants all of what gold they have left back in its own vaults.
Gold Repatriation Requests Pile Up
The possible Belgium repatriation of their gold follows a recent gold repatriation request by France’s National Front to the Bank of France and the Dutch repatriation of their gold. These gold repatriation actions follow similar repatriation/audit requests from countries holding gold outside their borders including Germany, Austria, Switzerland (pursuant to a populist referendum Save Our Swiss Gold) and Venezuela (repatriation completed).
Gold at the New York Fed in Custody for Foreign Central Banks 2000-2014