
Central banks around the world have been building up their gold stockpiles to make sure they are stored on soil they can trust.
The National Bank of Hungary (MNB) says it is bringing back three tons of the country’s gold reserves stored at the Bank of England in London, Gold Seek reported.
The move to repatriate 130 million dollars’ worth of gold from Budapest previously stored on British soil follows similar decisions made by Austrian, German and Dutch and Venezuelan central banks, which consider storing national gold reserves abroad a risky venture.