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Posts sent on: 2014-06-04

Jun042014

Austria Sending Auditors To Check Gold Held By Bank Of England | Mining.com









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The US Fed holds 45% of the total 3,396 tonnes German gold. Now Austria, perhaps unnerved by Germany's experience with their bullion and mindful of Brown's Bottom , is sending a team of auditors to check on gold held by the Bank stock market of England. According to Goldreporter.de only 17% of Austria's 280 tonnes of gold reserves are held inside the European nation with the Bank of England holding the bulk or some 150 tonnes worth more than $6.2 billion. Under public pressure the Austrian accountability office is sending a delegation verify bullion held in London vaults: I acknowledge the request. Any grocery store is obliged to do inventory once a year. It is the only way of getting rid of these unreasonable allegations, Ewald Nowotny, Governor of the National Bank of Austria tells Trend.
More: http://www.mining.com/austria-sending-auditors-to-check-gold-held-by-bank-of-england-86445/




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