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Austrian Audit Court to Check Gold Reserves

Published: September 1, 2012; 16:28 · (Vindobona)

According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.

Austrian Audit Court to Check Gold Reserves / Picture: © Flickr

In total, the Austrian Central Bank (OeNB) has about 280 tons of gold worth € 11bn. The location of the reserves is still unknown. In the last months, rumours saying that the gold reserves would be stored in New York and London occurred.

OeNB´s governor Ewald Nowotny said that the gold is located at the most important gold trading hubs. OeNB explains that the storage location…

This article includes a total of 296 words.

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