Austria repatriating gold too

[pmbug]

At the LBMA conference in Vienna, which was held from 18 – 20 October 2015, the Executive Director of the Austrian central bank, Peter Mooslechner, was interviewed by Editor-in-Chief for Kitco News, Daniele Cambone. You can watch the interview here. This particular interview is interesting because the central banker from Austria made some exceptional remarks about repatriating gold and indirectly about gold management by central banks around the world in our current economic climate. Central bankers have a long history of keeping silent about anything related to their gold policy, and this interview suits the tradition in part, though Mooslechner by accident told us what’s happening behind the scenes.
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More: https://www.bullionstar.com/blogs/koos-jansen/why-austria-is-repatriating-gold-from-london/

They started repatriating in 2009, but I apparently missed that news.

 

[ancona]

Nice. I like to hear these stories. Gold going home. I could understand wanting to keep it nice and safe during wartimes or when things were unstable, like when Russia was smack dab in the center of the country in Berlin, but not anymore. Venezuela is selling theirs off like a junkie pawning his grandmothers wedding ring and jewelry collection. Those idiots have completely destroyed their economy with their utopian socialism.

 

[Christian]

You could see what would happen with gold and silver. The best investment is to buy silver and gold.