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Belgium Is Exploring Repatriating its Gold

According to the World Gold Council, Belgium has 227.4 tons of gold or approximately 7.3 million ounces (the Netherlands has 612.5 tons or 19.6 million ounces).

Like Switzerland, Belgium has sold off a good portion of their gold reserves. Since 1989 Belgium has sold over 1,000 tons of its gold.

Now the Belgium Central Bank apparently wants all of what gold they have left back in its own vaults.

The possible Belgium repatriation of their gold follows a recent gold repatriation request by France’s National Front to the Bank of France and the Dutch repatriation of their gold. These gold repatriation actions follow similar repatriation/audit requests from countries holding gold outside their borders including Germany, Austria, Switzerland (pursuant to a populist referendum Save Our Swiss Gold) and Venezuela (repatriation completed).

Source Economy policy Journal

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