You are viewing a single comment's thread from:

RE: Hungary's Central Bank To Repatriate Its Gold From London

in #hungary7 years ago

This is a good move from Hungary.. the country needs it's gold reserves stored where it can see it for closer inspection. Though the gold reserves would be safe for the government in exile to carry on with if Hungary got attacked.. one could never be sure of how safe the gold was in London. The Gold could be sold off or loaned out at a time Hungary needed it. I feel it's much safer in the hands of the government of Hungary.
Having the gold in a respective country would make it easy to quickly and easily be exchanged on location for currency to be used to pay urgent bills.