×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
25
Jan 2026
weather symbol
Athens 16°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Germany: Bundesbank is stockpilling gold in an unusual rate?

The vaults in Frankfurt are piling up gold lately.

Newsroom December 22 12:56

Germany is filling up the country’s vault with gold. The reason seems to be that the German gold stored in the American Central Bank FED and in the French Banque de France, is returning to the country. Out of the 3.381 tons Germany plans to have half back inside the country by 2020.

>Related articles

Storm Goretti sweeps France, Britain, Germany and the Netherlands: Thousands of households without power and flight cancellations

Electricity restored after five days in southwest Berlin after far-left terrorists’ sabotage

The unknown attempt by the Germans to assassinate Stalin in September 1944

Up until 2012 only 31% of the country’s gold was actually inside Frankfurt. But are these 1.036 tons of gold safe? This is the question that CSU MP Peter Gauweiler asked Süddeutsche Zeitung. The 270.000 bars of gold represent the second larger reserve in the world.

Gold ingots are on display during a press conference of Germany's Central Bank in Frankfurt, Wednesday Jan. 16, 2013.  Germany's central bank is to bring back home some US $36 billion ( 27 billion euro)  worth of gold stored in the United States and France. The Bundesbank said in a statement Wednesday that it will repatriate all 374 tons of gold it had stored in Paris by 2020. An additional 300 tons - equivalent to 8 percent of the Bundesbank's total reserves worth about US  $183 billion  will also be shipped from New York to Frankfurt. Frankfurt will hold half of Germany's 3,400 tons of gold by 2020, with New York retaining 37 percent and London storing 13 percent.  The move follows criticism from Germany's independent Federal Auditors' Office last year bemoaning the central bank's oversight of gold reserves abroad.(AP Photo/ dpa/ Frank Rumpenhorst)

(AP Photo/ dpa/ Frank Rumpenhorst)

In the 50s and 60s Germany bought large quantities of gold from the American Central Bank. During the Cold War Germany wanted the country’s reserve in gold to be outside Europe. But after the circulation of Euro many started arguing of the need for the country’s gold to come back, as it is happens now.

Ask me anything

Explore related questions

#FED#germany#Gold
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Mitsotakis: Europe must remain united and maintain channels of cooperation with the US, even in times of tension – We seek an active role in Gaza

January 25, 2026

Week of pay rises for about 1 million private-sector employees due to changes in direct taxation – See examples

January 25, 2026

A university in Texas banned a professor from teaching Plato

January 25, 2026

Dead man found in the trunk of a car in Glyfada – His son arrested, had also killed his mother in 2014

January 25, 2026

Greek antiquities held by the company of Robin Symes are being repatriated

January 25, 2026

The planet is entering an era of “global water bankruptcy,” according to the UN

January 25, 2026

New deterioration of the weather with muddy rain from tonight, winds up to 9 Beaufort in the Aegean – Thunderstorms again in Attica

January 25, 2026

ICE agents shot and killed a protester in Minneapolis (videos)

January 24, 2026
All News

> Greece

Dead man found in the trunk of a car in Glyfada – His son arrested, had also killed his mother in 2014

He stabbed his father to death – The 46-year-old son is reportedly facing psychological problems

January 25, 2026

New deterioration of the weather with muddy rain from tonight, winds up to 9 Beaufort in the Aegean – Thunderstorms again in Attica

January 25, 2026

New videos show the moment a female employee was struck outside the Vrilissia Hellenic Post (ELTA) office after a dispute over a parcel

January 24, 2026

“Blackout” in the Athens FIR: What really happened on January 4

January 24, 2026

Weather: Storms and muddy rain arriving from Sunday – when Attica will be affected

January 24, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα