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Hungary Raises Gold Reserves Tenfold

CommissarJones
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Hungary Raises Gold Reserves Tenfold

#176057

Postby CommissarJones » October 24th, 2018, 9:20 pm

The central bank now owns 31.5 tons of bullion, after buying for the first time since 1986.

http://www.mnb.hu/en/pressroom/press-re ... cal-levels

Magyar Nemzeti Bank wrote:Preserving its historical role, gold continues to be one of the safest assets in the world, which enhances stability and confidence even under normal market circumstances.

ap8889
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Re: Hungary Raises Gold Reserves Tenfold

#176104

Postby ap8889 » October 25th, 2018, 12:46 am

The photo accompanying the press release with the gold just dumped on pallets in some hangar had me considering the potential options to liberate a brick or two, Hatton Garden style...

O Lord, lead us from temptation...

jaizan
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Re: Hungary Raises Gold Reserves Tenfold

#178718

Postby jaizan » November 7th, 2018, 10:22 am

When the GBP, USD, EUR &JPY have all had QE, I think it makes sense to have some of your reserves in gold which cannot be printed off at will by a central bank.


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