The Phaserl


Belgium Denies Trying To Repatriate Gold From The UK

by Koos Jansen, Bullion Star:

Belgian newspaper Het Nieuwsblad was reporting on Wednesday Belgium will repatriate 200 tonnes of gold from the Bank Of England (BOE) in London. De Tijd is now stating the opposite, quoting the governor of the Belgian Central Bank (NBB) Luc Coene:

The repatriation from the UK is not true…. There are other and more effective ways to verify if the gold in London is really ours. We have an audit committee that inspect the Belgian gold in the UK regularly…. Repatriating would be more expansive with transport, storage and security costs.

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:

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1 comment to Belgium Denies Trying To Repatriate Gold From The UK

  • AG47

    Transport? Storage? Security costs? More expensive than what? If that was my Gold I would have that on the next plane home. That real money would be locked up tight in my own country. Makes no sense at all. I’m not buying what they are selling in the news these days. You shouldn’t either.

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