theDrahos

Yesterday the Austrian Court of Audit (Der Rechnungshof) released a report on the Austrian central bank’s official gold reserves audits (Austria holds in total 280.0 metric tonnes). This report contains (official) critical notes regarding the safekeeping of the Austrian gold. The report is written in German, but from being Dutch (my native language is similar to German), using Google Translate, having spoken to Peter Boehringer about this and using the English introduction from the Rechnungshof’s report, we can squeeze the essential bullion points from the report. I will sum up the highlights. Let’s start with a quote from the English introduction: In end-2013, the … Continue reading →

American technology companies are losing business on a major scale. The NSA will be responsible for wiping out the United States as a leader in computer science all because they have to listen to the entire world like an old woman addicted to soap operas. I find myself totally shocked at Microsoft. I purchased the latest office at a store. You then have to go online to download the program. They REQUIRE you to have a Microsoft Account. The worse part of this was they demanded I enter a credit card to PROVE who I was acknowledging it would not … Continue reading →