U.K. can't be trusted with Slovakia's gold, country's top party leader says


And can Slovakia's own central bank be trusted with it? The bank's spokesman says the bank is "actively trading" Slovakia's 32 tonnes.

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By Radoslav Tomek
Bloomberg News
Thursday, November 28, 2019


Slovakia's former premier said today parliament should force the central bank to bring back the nation's gold stored in the United Kingdom as history has shown that allies "can hardly" be trusted.

Ex-Premier Robert Fico, who chairs the biggest political party in Slovakia, said his formation is seeking to hold a special parliamentary session on the issue. The gold isn't safe in the U.K. because of Brexit and a possible global economic crisis, he said.

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"You can hardly trust even the closest allies after the Munich Agreement," he told reporters, referring to a 1938 pact by France, the U.K., Italy, and Germany, which allowed Adolf Hitler to annex a part of Czechoslovakia. "I guarantee that if something happens, we won't see a single gram of this gold. Let's do it as quickly as possible."

Three months before general elections take place in Slovakia, Fico is riding on a wave of nationalist sentiment that has gripped many countries in the European Union's east, including neighboring Poland and Hungary.

Central bank spokesman Peter Majer declined to comment on Fico's comments. Slovakia, which uses the euro, has 31.7 metric tonnes of gold worth 1.3 billion euros ($1.4 billion) and it's actively trading it, he said.

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