Tag Archives: fractional gold system

22% Of Austria’s Gold At The Bank Of England Is Missing

My colleague Rory Hall of The Daily Coin has posted an article sent to him by Peter Boehringer, who is leading the effort to force the German Goverment to repatriate all of its gold held by the Fed, the Bank of England and the Bank of France.   In the article, Boehringer presents the findings of an audit conducted by the Austrian Federal Court which states that 22% of Austria’s national gold held at the Bank of England is missing.

Essentially what the text presented by Petern Boehringer says is that a report published by the Austrian Federal Court (“OBRH”) states that at least 22% of Austia’s gold which the Austrian Central Bank – “Oesterreichische Nationalbank” (“OeNB”) – has been “safekept” at the Bank of England is missing. It also states that in 2009 as much as 56% was missing:

The composition of the gold holdings of the OeNB in the years 2009 to 2013 changed greatly. Thus, the proportion fell to non-physical inventory of approx. 56% in 2009 to approx. 22% in 2013

You can read the entire text of Rory’s post here:   22% of Austria’s Gold Is Missing From The Bank Of England.

This , of course, implies that the Bank of England is illegally leasing out foreign-owned gold which is being held in “safekeeping custody” at the Bank of England. No shock there to anyone who has been studying the precious metals market since GATA made the information available to the world about all of the illegal gold activities being conducted by western Central Banks in the late 1990’s.