LONDON, 29 May 2015 – Insight from BullionVault into the logistics of secure gold storage, trading and shipping today features in CNBC's report on the Austrian central bank's decision to re-arrange where its national gold reserves are kept.
The Österreichische Nationalbank faces "a big insurance risk" if it makes very large shipments from the Bank of England in London, says BullionVault head of research Adrian Ash – "similar to the 'concentration risk' which the Austrian auditors were maybe right to highlight about holding 80% of the nation's gold in one location overseas."
Read the full story at CNBC here:
Source:
CNBC
