But with Europe stumbling from crisis to crisis, the German public has grown uneasy about keeping the gold abroad. Once the relocation is completed, the Bundesbank will keep 1,236 tonnes in New York, 432 tonnes in London and the rest in Frankfurt. The current move involves 300 tonnes from New York and 374 tonnes from Paris. During the Cold War, 98 percent of Germany's gold was stored abroad, with the biggest chunk moved so far, some 931 tonnes, brought back from the Bank of England in 2000. Still, the Bundesbank is content to keep just half of the gold at home and has no plans to relocate even more of the reserves, Thiele said.
according to That amount was a slight increase over the 2015 total of 210 tons, while 2014 saw 120 tons moved and 2013 just 37 tons. Its plan calls for the majority of the stock to be held in Germany by 2020, including all of the bank's remaining gold in Paris. BERLIN: Germany's central bank said Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tons from New York and Paris. But the Bundesbank finally launched a relocation program after authorities demanded more transparency about how much gold it held and where during Europe's debt crisis. With the progress made in 2016, all of the 300 tons needed from New York under the plan have now been moved, said Bundesbank board member Carl-Ludwig Thiele.
according to
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collected by :Jack Luxor
according to That amount was a slight increase over the 2015 total of 210 tons, while 2014 saw 120 tons moved and 2013 just 37 tons. Its plan calls for the majority of the stock to be held in Germany by 2020, including all of the bank's remaining gold in Paris. BERLIN: Germany's central bank said Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tons from New York and Paris. But the Bundesbank finally launched a relocation program after authorities demanded more transparency about how much gold it held and where during Europe's debt crisis. With the progress made in 2016, all of the 300 tons needed from New York under the plan have now been moved, said Bundesbank board member Carl-Ludwig Thiele.
according to
Germany brings its gold stash home sooner than planned
But with Europe stumbling from crisis to crisis, the German public has grown uneasy about keeping the gold abroad. Once the relocation is completed, the Bundesbank will keep 1,236 tonnes in New York, 432 tonnes in London and the rest in Frankfurt. The current move involves 300 tonnes from New York and 374 tonnes from Paris. During the Cold War, 98 percent of Germany's gold was stored abroad, with the biggest chunk moved so far, some 931 tonnes, brought back from the Bank of England in 2000. Still, the Bundesbank is content to keep just half of the gold at home and has no plans to relocate even more of the reserves, Thiele said.read more visit us gold
collected by :Jack Luxor
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