Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
riverahrlc

Belgium Denies To Repatriate Gold From The Uk

site src="http://i.imgur.com/mr7SbQ7.jpg" width='200px' /> One thing is for sure, the Belgians are very nervous about their gold (227 tonnes) held abroad. In December 2014 the Luc Coene admitted he was investigating to repatriate all Belgian gold reserves, on TV-network VTM Nieuws: Luc Coene: If one feels that in surrounding countries these decisions are taken, one knows that this question will be asked to us as well.So were pro-active investigating all the elements, so when the question will be asked, we can answer it. The practical problem is the moved here transport of the gold, with all the risk that come with it.Second, if we repatriate we need to setup a large security system in Belgium.Though currently this is done by certain central banks that are specialized in this. Did the investigation point out the transport and storage costs would be too high? Currently the storage fee NBB pays to its custodians (BOE, BIS, Bank of Canada) is 250,000 a year. Is Belgium read not repatriating because of the costs or because it got obstructed by other authorities? Last week I reported about the mystery regarding the fine gold tonnage claimed to have been repatriated by the Netherlands and Germany in 2014 from New York (208 tonnes), and the drop in total foreign gold deposits disclosed by the Federal Reserve Bank Of New York (FRBNY) in 2014 (177 tonnes). The mystery that adds to a long list of oddities couldnt be clarified to me by the central bank of the Netherlands, Germany or US.
More: http://news.goldseek.com/GoldSeek/1423146296.php

Don't be the product, buy the product!

Schweinderl