They say it’s worth 500k Euros. The rest of their gold is in foreign banks, a lot in the US.
Does anyone still believe that money is backed by gold?
Tallinn sold most of its gold reserves in the 1990s and invested money in other liquid assets, such as bonds and equities, according to the bank official.
Estonia’s gold reserves are the second lowest among European countries, behind Albania by 1.35 tons, according to Trading Economics website data.
Story @ Estonia has a single gold bar in its vault... but cannot sell it