After the latest European country (Austria) announced it would ship some of its gold back from the Bank of England to Vienna, New York thought it was safe as a major gold storage center.
Distrust in the countries and companies who currently store gold have led Austria, Germany, the Netherlands, Russia and Venezuela to move some of their gold stored in New York, London, and Paris back to home.
China never bothered to store its gold abroad and has also moved to take control of pricing.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!