44 billion dollars

The OeNB’s gold treasure makes Austrians richer

Martin Kocher, Governor of the Austrian National Bank: The value of the gold held by the OeNB has increased by over $20 billion in just over a year.(Bild: Krone KREATIV/Imre Antal)

In a world full of uncertainty, a tried-and-tested anchor of value is once again in high demand: gold. But what does the Austrian National Bank (OeNB) actually do with its reserves, which weigh tons? Governor Martin Kocher has now provided some interesting insights.

The message from the Austrian National Bank, which is 100 percent owned by the Republic, is clear: our gold will remain where it is. The precious metal was the topic of discussion at a press conference with Governor Martin Kocher – and the figures are impressive. But how do we benefit from this?