In 2013 it launched the transfer to Frankfurt of 300 tons of gold from New York and 374 tons from Paris. The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September — the last of 300 tons slated for return. BERLIN — Germany has completed an effort to bring home 300 metric tons (330.7 tons) of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War. Once the transfers are completed, Frankfurt will hold half of Germany's 3,378 tons of reserve gold, with the rest in New York and London. Another reason was to have the precious metal close to foreign currency markets in London, Paris and New York, where gold is traded.
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In 2013 Germany launched the transfer to Frankfurt of 300 tons of gold from New York and 374 tons from Paris. The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September - the last of 300 tons slated for return. Germany has completed an effort to bring home 300 metric tons of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War. As of December 31 last year, there were 1,236 tons of German gold in New York - 36.6 percent of the total. Once the transfers are completed, Frankfurt will hold half of Germany's 3,378 tons of reserve gold, with the rest in New York and London.
244 SHARES Share TweetThe European state finalized, sooner than anticipated, the repatriation process of 300 tons of gold bullion, deposited in the States. After the massive debts recession, a massive part of the population believed the 3.381 tons deposits are better at 'home'. The mission included the transfer of 305 tons of gold from Paris and 380 tons from New York. Also in 206, the German bank brought into the country 100 tons of gold deposited in the French capital. Four years ago, the Central Bank of Germany decided a substantial part of their gold deposits will be transferred in Frankfurt.
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collected by :Jack Luxor
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Germany brings back 300 tons of gold from New York
In 2013 Germany launched the transfer to Frankfurt of 300 tons of gold from New York and 374 tons from Paris. The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September - the last of 300 tons slated for return. Germany has completed an effort to bring home 300 metric tons of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War. As of December 31 last year, there were 1,236 tons of German gold in New York - 36.6 percent of the total. Once the transfers are completed, Frankfurt will hold half of Germany's 3,378 tons of reserve gold, with the rest in New York and London.
Germany repatriated 300 tons of gold • Stock News USA
244 SHARES Share TweetThe European state finalized, sooner than anticipated, the repatriation process of 300 tons of gold bullion, deposited in the States. After the massive debts recession, a massive part of the population believed the 3.381 tons deposits are better at 'home'. The mission included the transfer of 305 tons of gold from Paris and 380 tons from New York. Also in 206, the German bank brought into the country 100 tons of gold deposited in the French capital. Four years ago, the Central Bank of Germany decided a substantial part of their gold deposits will be transferred in Frankfurt.
read more visit us gold
collected by :Jack Luxor
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