Almost 37 tonnes of it to be precise, according to BUBA president Jens Weidmann in newspaper Bild published today, and there’s plans for more too.
The plan was announced at the start of the year and the gold has been brought back home from New York and Paris where it was stored during the Cold War as a precaution against Soviet invasion, and is valued at EUR 1.1 bln
Weidmann says
In the coming years we will increase the annual amount of gold transported
Prior to this year only a third of Germany’s 3400 tonnes of gold reserve ( second in size to the US ) was actually stored in Frankfurt, with 45% held in NY.
Just a little couple of interesting facts to throw around the Xmas lunch table!
