Buy Gold & Silver
- My Vault Storage®
- Sell Gold & Silver to us
Writers Torgny Persson, Koos Jansen
& Hong Kang See
Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Reports & Gold Bar List
Sunday the 23rd of October 2016
After years of gradually securing its official gold reserves (unwinding leases) the central bank of Austria claims to have completed the audits of its 224 tonnes of gold stored at the BOE. However, it refuses to publish the audit reports and the gold bar list. What could possibly be so sensitive to hide from public eyes?
After the Germans had activated a program to repatriate 150 tonnes of their official gold reserves in 2012, which was revised in 2013 to have 50 % of their gold on German soil by 2020, and the Dutch repatriated 123 tonnes in 2014, the Austrians have likely been inspired by these initiatives – if European official gold policy is not adroitly aligned among national central banks behind the scenes. In 2015 the Austrian central bank, the Oesterreichische Nationalbank (OeNB), revealed it would repatriate a significant share of its yellow metal from the UK, where they were storing 80 % (224 tonnes) of their total reserves (280 tonnes) at the Bank Of England (BOE). The Austrians decided to eventually have 50 % of their gold on own soil by 2020 – just like the Germans.
Have a look below at the repatriation schedule of the OeNB for the period from 2015 until 2020. We can wonder why the gold is scheduled to be transported over the course of five years instead of a few months. My guess is this is caused by some kind of friction between the BOE and its foreign central bank clients, in this case the OeNB.
... Continue Reading
By: Koos Jansen
BullionStar's Retail Bullion Shop, Showroom & Vault
45 New Bridge Road
Mon - Thu: 11am - 7pm
Fri: 11am - 5pm
Sat: 10am - 2pm
Click here for more info
Buy Gold Singapore
There are a number of reasons to buy gold in Singapore. Some people buy gold as investment whereas some people buy because they view gold as money. This text gives you an overview of the characteristics of gold and why it is sensible to buy gold.
When you buy gold in times of economic uncertainty you obtain an insurance against the crumbling financial system. When you buy gold in good economic times, you get an asset that withstands inflation and that has been retaining its value for thousands of years.
When you buy gold, you buy an asset that has an intrinsic value because of its useful qualities. Our current fiat money has lost 98 % in merely 100 years. Our monetary system is more fragile than ever. If you instead buy gold, you get an asset that has been retaining its value for thousands of years.
It is safe and secure to buy from BullionStar. When you buy gold from us, you receive unparalleled service. You can follow the full process from the order placement to receiving the products. Bullion products can be viewed, bought and personally collected from our shop at 45 New Bridge Road, Singapore 059398. Alternatively they can be securely stored with BullionStar's storage solution My Vault Storage® or shipped to you.
Some of the advantages of buying gold from BullionStar in Singapore include:
Buy Silver Singapore
Thinking about gold? Buy silver in Singapore! Silver has similar characteristics as gold but has even greater upside potential. With the price of silver decreasing the last couple of years, the perfect time to buy silver is now!
The price of silver may increase over the next years as physical demand for silver is high. When you own silver, you own a metal with similar characteristics as gold. The argument for buying silver rather than buying gold is that the supply of silver is very limited while at the same time, the demand is high and rising.
There has been a physical shortage of silver several times during the last years. When silver shortages have appeared, physical silver has been valued higher than the official market price of silver. The reason for this is that silver can be bought in different forms, either as certificates or in physical form.
When you buy silver certificates, you can never be sure that the physical silver exists. There are more silver certificates on the market than there is physical silver. It is therefore essential that you demand physical delivery when you buy silver.
Some of the advantages of buying silver from BullionStar in Singapore include:
- You can choose whether to pick up the silver you have bought in our shop at 45 New Bridge Road, Singapore 059398, store your silver securely in "My Vault Storage®" or ship your silver to your delivery address.
The demand for silver is growing exponentially. Silver is already used in tens of thousands industrial applications such as mobile phones, computers, iPads and solar panels. When you buy silver, you buy a metal with excellent industrial characteristics. A few examples of this are that silver conducts electricity and heat very well.
The silver market is very small compared to most other asset markets and has been a forgotten market for many decades. If you buy silver, you will get an asset with superior potential but with limited risk.
Buy silver in Singapore to get a safe asset with perhaps even more potential than gold. Read this article for more information about silver as investment.
How to Order from BullionStar
This guide provides you with information of how you place an order with BullionStar.Learn More
Insurance & Protection
You can always feel safe whether you have your products shipped or stored with BullionStar. All products are fully insured in all instances.Learn More
Ask a BullionStar Expert
Let our experts guide you in the world of precious metals.Learn More
|Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Reports & Gold Bar List|
|BullionStar attends LBMA Conference in Singapore, October 2016|
|The Great Physical Gold Supply & Demand Illusion|
|Tracking the gold held in London: An update on ETF and BoE holdings|
|From Bank of England to LBMA: The 'independent' Chair of the LBMA Board|