Austria is planning to send auditors to the Bank of England in order to verify the existence of Austrias gold reserves stored in british vaults.
The Austrian accountability office will sent a delegation to London in order to check on Austrias gold reserves stored in vaults at the Bank of England. This is reported by Austrian magazine Trend. The measure is seen as a consequence of growing public pressure. There is a rising disbelief among Austrians about the existence of the gold.
„I acknowledge the request. Any grocery store is obliged to do inventory once a year. It is the only way of getting rid of these unreasonable allegations“, Ewald Nowotny, Governor of the National Bank of Austria tells Trend.
Austria officially owns 280 tonnes of gold of which 17 percent are kept in vaults inside the country. Around 150 tonnes are estimated to be stored in London.
In recent years doubts about the existence and the quality of Germanys monetary gold stored at the New York Fed and the Bank of England were raised by a rising number of sceptics. In January the Bundesbank eventually announced plans to repatriate most of Gemanys gold reserves until 2020.
Goldreporter
Die Bank of England und die US-Notenbank haben Österreichs Gold gestohlen. Auch Sie finden es Gold in ihren Tresoren, jemand anderes besitzt es.
Welcher Stümper hat diese Englisch Übersetzung zusammengestoppelt ?
Und warum und für wen ?????
Goldreporter goes Bi-Lingual.
Für alle „Stümper“, die nicht Englisch lesen wollen (können) findet sich am Ende des Artikels eine Zeile mit “ German Version“, dann breitet sich der Artikel in Deutsch vor den Augen des Lesers aus.
Wer lesen kann, ist klar im Vorteil.
watschdog
Lern lesen. „Stümper“ war derjenige der den deutschen Beitrag schlecht ins Englische übersetzt hat. Capisci??
So „stümperhaft“ wirds vermutlich nicht sein, wenn die meisten englischen Seiten den Text 1:1 übernehmen.
http://www.zerohedge.com/news/2014-05-26/first-germany-now-austria-demands-audit-its-offshore-held-gold
http://www.mining.com/austria-sending-auditors-to-check-gold-held-by-bank-of-england-86445/
I wonder if Austria has serial bar numbers stamped on their gold bars at the Bank of England? If so, it should be a quick audit. Compare each gold bar serial number Austria has on their books to the physical bar stored at the Bank of England. Randomly send a few bars out to a Independent mint in Austria for assaying and once the gold content is proven, recast the sample bars.
If Austria does not have serial bar numbers stamped on their gold bars, they should take the opportunity to have all their gold bars stamped at the time of audit.
What gold?
The emperor has no clothes. :) If you hold it you own it. Everything else is just hearsay.
it’s gone for good.
Why would anyone let someone else hold their gold?
duh!
They will all learn to their detriment that the gold is gone man, solid gone.
This is no surprise. Where’s the gold? Why, it’s in the Global Debt Facility, established by Ferdinand Marcos. The American legal profession is trying to explain to some irate citizens what happened to US gold and the US dollar. The authorized signatory to the Global Debt Facility was trying to help until the ABA censored further comments. America’s legal profession on trial: https://s3.amazonaws.com/khudes/Twitter5.26.14.pdf
For background, see http://deutsche-wirtschafts-nachrichten.de/2013/09/17/whistleblowerin-geheime-machenschaften-der-finanz-eliten-zerstoeren-die-welt/ translation at https://s3.amazonaws.com/khudes/germanyarticle2.docx and http://www.larsschall.com/2013/05/08/governance-issues-at-the-world-bank-a-security-risk-to-the-world-order/
Will the audit include ULTRASOUND examination of the gold bars? Because there are a significant number of tungsten bars coated in 24K gold out there — the molecular weight is nearly identical to that of gold. This is counterfeiting on a MASSIVE scale. Demand an ultrasound examination of every gold bar! Do not be deceived or taken in!
@Gordon Wagner
Ich nehme doch wohl an, dass man da so ein Ultraschallgerät verwendet und nicht nur die Oberfläche der Barren prüft mit dem sauteurem Röntgenfluoresenz-Spektrometer.Das Ultraschall kostet nur einen Bruchteil.Weiters sollte man mit einer Magnetprüfung und mit einem Geigerzähler prüfen.
Warum ? Industrienationen können es sich leisten, in Goldbarren DU (Depleted uran) einzubauen.Das ist in den USA gut verfügbar, Nachteil: es strahlt.Vorteil:Eine dicke Goldschicht darüber schirmt die Strahlung wieder ab.Nachteil:Das fällt wieder beim Ultraschall wieder auf.
Ich meine, am einfachsten wäre es:Stichproben,ein paar Barren mit nach Hause nehmen und als Ersatz die gleiche Menge mitbringen.
(sorry, for writing in german language due to some readers with lack of spoken english skills.)
The Bank of England most likely won’t let them in the front door.
If Austria is auditing, others may follow their example.
I think more and more countries will start repatriating gold from abroad. And one day, those foreign vaults will go out of business.
It’s hilarious that Germany’s gold repatriation will require 7 years. Roughly 2 have passed, so I think 5 are left:
http://www.primevalues.org/market-watch/7-years-repatriate-germanys-gold.htm
I think as gold will become cheaper, it will be more affordable to the national banks of the smaller, poorer countries as well. I think they may also join the „new gold rush“:
http://www.primevalues.org/main-ngr.htm
I’m impressed to read, Austria has a large gold reserve. 280 tonnes is impressive. Some countries in the area have less than 10 tonnes, which exposes them at tremendous risk.
I’d really like to know how far this „gold rush“ goes. Whether the price crash will end in a tremendous spike…