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Gold

Repatriation of Austrian Gold Reserves Nearing Completion

This year, and not in 2020, the OeNB Austrian National Bank is already concluding its repatriation campaign for half of its gold reserves. By the end of the year, 140 tonnes of gold are to be stored in Austria, with the other 140 tonnes remaining in London (84 tonnes) and Switzerland (56 tonnes).

March 30, 2018

Russia Makes Oil to Gold

In the last decade, Russia´s government has transformed the oil exports into gold reserves. No other country has bought more gold in the last years.

February 12, 2013

Investments: Austrians Become More Cautious

From the perspective of savers, the economic uncertainties are growing. Due to the negative real interest rate, traditional investments lose in popularity.

February 9, 2013

OeNB Does Not Bring Gold Reserves to Austria

Unlike Deutsche Bundesbank, the Austrian National Bank (OeNB) does not transfer the gold reserves from London back home.

January 17, 2013

Austrians Still Prefer Traditional Investments

According to a survey carried out on behalf of the investment fund Fidelity Worldwide Investment, Austrians tend to conservative investments.

January 14, 2013

Ukraine: Gold Reserves Gain in Importance

The share of monetary gold in Ukraine’s international reserves has almost doubled.

December 28, 2012

Austrian Gold Stored in UK

80% of Austria´s gold reserves are stored in the U.K. Only 17% of the reserves are kept in Austria.

November 24, 2012

Austrian Audit Court to Check Gold Reserves

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.

September 1, 2012

Investments: Gold and Real Estate on the Rise

Compared to 2007, Austrian savers shift their assets towards gold and real estate. Investment funds and shares are less popular.

August 13, 2012

Only 10% of Austrians Want to Invest in Securities

The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.

May 24, 2012

Savings Books More Popular than Building Saving

After the cut in the bonus for building savings, savings books are more popular again in Austria.

May 14, 2012

Austrian Opposition Aims to Bring Back Gold Reserves

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.

April 14, 2012

Where is Austria´s Gold?

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

April 10, 2012

Gold Remains Popular for Austrians

27% of Austrians expect higher profits from gold than from shares, bonds or investment funds.

October 22, 2011

Noricum Announces Significant Gold Mineralization at Austrian Projects

The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.

September 5, 2011

Sales Record for Schoeller Münzhandel

Schoeller Münzhandel, a subsidiary of the Austrian Mint, recorded sales for € 438.5m last year.

March 15, 2011

Private Consumption of Austrians Increases

After the crisis of 2009, in which private consumption stagnated, expenditure on consumption rises massively again. The growth rate is 4.2%,

November 17, 2010

Raiffeisen recommends - "Hands off of Gold"

RLB-manager Gerhard Rehor interprets rising gold price as signs of a bubble, and discourages investment.

July 14, 2010

Banks swap gold - Caused by Central banks?

European banks have tons of bunkers gold at the "Super Fed" BIS (Bank for International Settlement). But they could have acted only as intermediary.

July 8, 2010

All currencies declining against gold

The demand for gold is still on the rise, says expert of First Bank Ronald-Peter Stöferle. The fact that gold is seen as a safe haven in times of crisis is ambiguous according to Stöferle.

June 23, 2010
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