Portugal’s central bank opens its vaults for rare glimpse of gold bars

US Niews and World Report/Reuters-Sergio Gonclaves and Pedro Nunes/5-18-2022

Photo of pallettes of gold bars purchased by Hungary's central bank

“‘Gold is an important asset for central banks as it is a refuge asset and has no credit risks,’ said Bank of Portugal board member Helder Rosalino on Tuesday during the rare media visit to the facility, guarded by armed police officers.”

USAGOLD note: Portugal’s central bank reserves include 383 tonnes of gold, the fourteenth largest stockpile in the world.

 

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