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Rumors Swirling On Germany's Gold Grab

April 11, 2013
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Source: Daily Mail


Report from Stuart Varney, perhaps the last person to have seen the Fed's foreign gold vaults. [sarc]

Don't skip the last 5 seconds.

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Here are the details:

Bundesbank - Official Statement On Germany's Gold Repatriation

How German Gold Storage Will Look In The Year 2020

The German central bank is planning a “phased relocation” of 300 tonnes (metric tons) of gold from New York to Frankfurt as well as an additional 374 tonnes from Paris to Frankfurt by 2020.  The reserves should end up looking like this:

  • Frankfurt (31%, currently) 50% by Dec. 31, 2020
  • New York (45%, currently) 37% by Dec. 31, 2020
  • London 13% no change
  • Paris (11%, currently) 0% by Dec. 31, 2020

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