This begs the question why the Dutch were able to repatriate a smaller amount of gold out of New York, while the Germans could not repatriate a much larger amount.
http://rt.com/business/209591-gold-europe-gold-repatriation/
Showing posts with label bring home. Show all posts
Showing posts with label bring home. Show all posts
Saturday, November 29, 2014
Friday, November 23, 2012
Call to bring Austrian gold back home from the UK
The uneasiness of storing sovereign gold reserves in foreign vaults is spreading globally. Repatriation of said gold reserves is the next step in alleviating those concerns. Counterparty risk is real, and rampant re-hypothecation will become exposed, in my opinion. In other words, the gold stored in London and New York that everybody thinks they own ain't there.
Austria is the latest country to raise questions on the viability of storing their gold offshore. In fact, the existence of the gold is coming into question. I've predicted this for years, and now trust in the gold custodial system itself is crumbling.
http://austriantimes.at/news/Business/2012-11-22/45593/Call_to_bring_Austrian_gold_back_home_from_the_UK
Austria is the latest country to raise questions on the viability of storing their gold offshore. In fact, the existence of the gold is coming into question. I've predicted this for years, and now trust in the gold custodial system itself is crumbling.
http://austriantimes.at/news/Business/2012-11-22/45593/Call_to_bring_Austrian_gold_back_home_from_the_UK
Labels:
Austrian,
bring home,
gold,
UK
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