The German gold reserves
05-Mar (Deutsche Bundesbank) — The relocation of Germany’s gold reserves is currently in full swing. In 2014, the Bundesbank transferred 120 tonnes of gold to Frankfurt am Main from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York. A new film explains how Germany’s gold reserves came into being and the reasons behind the relocation.
PG View: I see this more as a marketing piece, designed to quell questions about why it’s going to take until 2020 to complete the transfer. The important thing though is that Germany wants much of their gold back . . . and they aren’t alone.