{"id":2892,"date":"2014-12-12T15:49:59","date_gmt":"2014-12-12T20:49:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2892"},"modified":"2014-12-12T15:54:43","modified_gmt":"2014-12-12T20:54:43","slug":"austria-considers-repatriating-its-gold-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2892","title":{"rendered":"Austria Considers Repatriating Its Gold | Zero Hedge"},"content":{"rendered":"

Austria Considers Repatriating Its Gold | Zero Hedge<\/a>.<\/p>\n

And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands,\u00a0sorry Switzerland<\/span>, and rumors of Belgium, we now can add Austria to those nations for whom the “6000 year old barbarous relic bubble<\/em>” is more than just “tradition.”<\/p>\n

From Bloomberg:<\/em><\/p>\n

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Austrian Central Bank Mulls Relocating London Gold: Standard<\/strong><\/p>\n

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The Austrian state audit court says central bank should address concentration risk of storing 80% of its gold reserves with the Bank of England, Standard reports, citing draft audit report.<\/strong>\u00a0Court advises central bank to diversify storage locations, contract partners.<\/p>\n

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Austrian central bank reviewing gold storage concept, doesn\u2019t rule out relocating some of its gold from London to Austria: Standard cites unidentified central\u00a0 ank officials. Austria has 280 tons gold reserves, according to 2013 annual report. Austrian Audit Court Will Review Nation\u2019s Gold Reserves in U.K.<\/p>\n<\/blockquote>\n

And from\u00a0derStandard.at<\/a>\u00a0(google translated):<\/em><\/p>\n

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The gold reserves of the Oesterreichische Nationalbank (OeNB) and their deposits in the UK and in Switzerland are a recurring theme in political discussions.\u00a0Especially like the Freedom require relocation to Austria,<\/strong>\u00a0the example of the Deutsche Bundesbank in mind, who want to move their gold by 2020 half of them to Germany.<\/p>\n

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In Austria, the Court has adopted in its recent OeNB examination of the issue of gold. In its draft report he gives the OeNB diverse recommendations on the way. One of the key points:\u00a0Given the “high concentration risk in the Bank of England” advise the examiner to “rapid evaluation of all possibilities of a better dispersion of the storage locations”. Not only the parties to be diversified, but it should also come to the “actual spread of the storage locations”.<\/strong><\/p>\n

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Gold relocation possible<\/strong><\/p>\n

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…click on the above link to read the rest of the article…<\/span><\/p>\n

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Austria Considers Repatriating Its Gold | Zero Hedge. And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands,\u00a0sorry Switzerland, and rumors of Belgium, we now can add Austria to those nations for whom the “6000 year old barbarous relic bubble” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[42,124,375,1865],"class_list":["post-2892","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austria","tag-central-banks","tag-gold-repatriation","tag-gold-reserves"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2892"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2892\/revisions"}],"predecessor-version":[{"id":2893,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2892\/revisions\/2893"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}