Skip to content
Subscriber Only

Austrian Nationalists Stashed Gold Away in Alpine Vault

  • Prosecutors found vaults in chalet owned by far-right party
  • Freedom Party stored gold during 2008 global banking crisis
Precious Metal Storage as Gold Gets Federal Reserve Rate Cut Boost
Photographer: Michaela Handrek-Rehle/Bloomberg
Updated on

Austrian prosecutors investigating former politicians of the nationalist Freedom Party found gold bars stashed away in vaults in a small Alpine guesthouse. The party says it bought the gold in the wake of the 2008 financial crisis.

Prosecutors and police raided the Tyrolean guesthouse “Enzian” (German for the blue Alpine flower gentian) in August, investigating corruption suspicions against former vice chancellor and Freedom party chairman Heinz-Christian Strache, Profil magazine reports citing prosecutors’ filings.