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Wealth Management: Schelhammer Capital Bank Becomes Austria's Leading Private Bank
Bankhaus Schelhammer & Schattera AG and Capital Bank - GRAWE Gruppe AG have merged to form Schelhammer Capital, the strongest private bank in Austria. Read more about the newly created bank and what Chairman of the Board Christian Jauk said about the merger.
October 4, 2021
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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