The German gold reserves

The Bundesbank's relocation of gold from storage locations abroad is running very much according to schedule. In 2015, 210 tonnes were relocated to Frankfurt am Main – 110 from Paris and 100 from New York. According to its gold storage plan, unveiled in 2013, the Bundesbank will be storing half of Germany's gold reserves in its own vaults in Frankfurt am Main from 2020 onwards. This necessitates a phased transfer to Frankfurt am Main of 300 tonnes of gold from New York and all 374 tonnes of gold from Paris. Since the transfers began in 2013, the Bundesbank has brought a total of 367 tonnes of gold to Frankfurt am Main – 177 tonnes from Paris and 190 tonnes from New York. This is equivalent to roughly 54.5% of the total quantity to be transferred (as at 31 December 2015). A film explains how Germany's gold reserves came into being and the reasons behind the relocation.

More information: http://www.bundesbank.de/content/646102

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