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Once the shipment is complete, Frankfurt will hold half of Germany's 3,400 tons of reserve gold — currently worth about $183 billion — with New York retaining 37% and London 13%.
Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of dollars worth of postwar geopolitical history squirreled away for safe keeping ...
Germany’s gold reserves were scattered around the globe after World War II to prevent them from falling into the hands of the Soviet Union. Now much of the treasure trove will come home, the ...
Germany has gold reserves worth 3,396 metric tons, worth about $200 billion. It is stored in the form of 27,000 gold bars — 45 percent of which are held in the Federal Reserve Bank of New York; ...
FRANKFURT, Germany In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris and New York to its vaults ...
The fact is, if Germany's gold is really sitting in the vaults of the New York Fed and the Banque de France, it shouldn't take until 2020 for it to make its way back home. Seven months -- maybe.
We’ll send you a myFT Daily Digest email rounding up the latest Bank of England news every morning. When Carl-Ludwig Thiele was 11, his aunt gave him a 21-carat gold coin as a gift. “It was an ...
Germany announced this week that it's planning to repatriate much of the gold that its been keeping in reserves in the U.S. and France.
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