Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar | Zero Hedge

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar | Zero Hedge

Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound

◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England and the New York Federal Reserve

◆ “Brexit and the risk of a global economic crisis put Slovak gold stored in Britain in a dangerous situation …”

◆ Serbia, Poland and Hungary have boosted their safe haven gold bullion reserves to protect their foreign exchange holdings and hedge growing monetary and systemic risks

via Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar | Zero Hedge |