Tuesday, March 13, 2018

Hungary's Central Bank Wants Its Gold Back From London

Another one makes the move.

The Hungarian National Bank has announced plans to take delivery of the gold reserves it has stored in London.

One hundred ounces of Hungarian gold is stored in London.

They obviously don't trust London with their gold.  Austrian, German, and Dutch central banks have also repatriated gold.

-Robert Wenzel 


  1. Replies
    1. Trade bars, the ones frequently featured in movies and stored by central banks, are 400 troy ounces, not 100.

  2. It's actually 100,000 troy ounces(3tons).

  3. A mere 100 one-ounce coins? Meh. I could write a check for that.