The article recalls that in 1939, after German troops entered Prague, the Bank for International Settlements asked the Bank of England to move about £5.6 million (roughly $1.1 billion today) of Czech gold to Germany's Reichsbank. Since 2018 the Bank of England has held 31 tonnes of Venezuelan gold worth about $4 billion, and after the UK Supreme Court backed the government's position in December 2021, it has stayed untouched. Following June 24, 2026 earthquakes that killed more than 6,000 people, Venezuela's government and opposition jointly requested the gold, but the bank says it is awaiting a legal ruling. The author warns that gold held abroad may be unusable when needed, even as central banks keep buying, with Poland adding about 90 tonnes this year to around 640 tonnes, and China and the Czech National Bank also buying. The article says the market is developing digital gold, backed by real bars but transferable within minutes.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/18/2026 | 4,178.90 |
| Change that session | +0.57% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/18/2026 | 4,178.07 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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