Where is Austria´s Gold?

More+Comment ♦ Published: April 10, 2012; 19:03 ♦ (Vindobona)

The major part of Austria´s gold reserves should be located in the U.S. The Austrian Central Bank does not answer any questions.

Where is Austria´s Gold? / Picture: © Vindobona.org

The inhabitancy of Austria´s gold reserves is kept as state secret. Only the Austrian Central Bank (OeNB) knows the exact amount of gold reserves and the inhabitancy. Most of the Austrian gold reserves are not physical assets, but receivables. 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…