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Austrian Opposition Aims to Bring Back Gold Reserves

Published: April 14, 2012; 13:29 · (Vindobona)

The two Austrian opposition parties FPÖ and BZÖ push the Austrian Central Bank (OeNB) to disclose information about the gold reserves. OeNB refuses to do so.

Austrian Opposition Aims to Bring Back Gold Reserves / Picture: © Flickr

The store location of Austrian gold reserves is still unknown. Only OeNB seems to know the exact amount of gold reserves and the inhabitancy. Most of the Austrian gold reserves are not physical assets, but receivables.

OeNB explained that it is usual to lend gold to banks against low interest rates. In the balance sheet of Central Banks, there is not difference between “real…

This article includes a total of 406 words.

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