Central bank Gold Policies – Deutsche Bundesbank

Germany’s central bank, the Deutsche Bundesbank, manages the world’s second largest gold reserves holding on behalf of the Federal Republic of Germany. These gold reserves total 3381 tonnes and are stored over four locations in Frankfurt, New York, Paris and London. The Bundesbank’s gold has single-handedly generated more media interest in the recent past than all other central bank gold put together. This is due to a high-profile and opaque seven year long gold repatriation program that the Bundesbank embarked on in 2013 to transport 300 tonnes of gold from New York to Frankfurt and 374 tonnes of gold from Paris to Frankfurt. The Bundesbank’s secrecy around its gold also extents to its gold audit reports and gold bar lists which it refuses to publish any relevant details of. Continue reading…

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