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Jan Nieuwenhuijs: Swiss vault renovation delays transfer of Austrian gold from London
11:35a ET Sunday, July 17, 2022
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs of Gainesville Coins writes today that Austrian gold reserves that were to have been transferred from the Bank of England in London to storage in Switzerland are still in London.
But he adds that the delay doesn't seem to be nefarious. Rather, Nieuwenhuijs writes, the problem is that the Swiss central bank's main gold vault is still being renovated and Switzerland's own gold reserves have been temporarily relocated as a result.
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He provides an interesting history of Switzerland's long involvement with gold storage and refining.
His analysis is headlined "Swiss Central Bank Moved Its Gold From Berne to a Federal Bunker in Kandersteg" and it's posted at the Gainesville Coins internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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