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Old 23.05.2015, 09:39
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Re: There's gold in them thar hills

Austria is removing a large part of its 280 tonne gold reserves from the UK and transferring it home to Austria and to Switzerland:

Current locations of gold reserves:
UK: 80%
Austria: 17%
Switzerland: 3%

Future locations:
UK: 30%
Austria: 50%
Switzerland: 20%

The Austrian Accounting Office has criticized storing so much of the country's gold in one country, the UK, and the new strategy is to distribute storage risk better. This could also be interpreted as a vote of confidence in Switzerland.
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