×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
12
Dec 2025
weather symbol
Athens 11°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

Hatziminas to newmoney: How the €1 billion deal changes Theon’s scale

Outstanding Dublin III cases for the potential return of thousands of migrants from Europe to Greece are being wiped clean – What the agreement provides

I see no reason for the Americans to try to save democracy in Europe, says Merz

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

Pierrakakis also assumes the presidency of the ESM for the next 2.5 years

December 11, 2025

Austria: Ban on Islamic headscarves in schools for girls under 14 becomes law

December 11, 2025

Death-row inmate executed in the US: He had been convicted of raping and murdering a woman 40 years ago

December 11, 2025

International Mountain Day: Their protection is strengthened through ministerial decisions of the Ministry of Environment and Energy

December 11, 2025

Behind the scenes of Pierrakakis’ election to the Eurogroup: The “promises” and alliances before the vote that led to Van Peteghem’s withdrawal

December 11, 2025

Larnaca named European Capital of Culture for 2030

December 11, 2025

Christos Nikolopoulos: “Paschalis Terzis sang a new song for me — we will hear it soon”

December 11, 2025

Mitsotakis: A day of pride for Greece, the government, and all citizens with the election of Pierrakakis

December 11, 2025
All News

> Greece

Larnaca named European Capital of Culture for 2030

The announcement by the president of the Expert Committee was met with great enthusiasm by the Larnaca team, who saw years of effort finally rewarded

December 11, 2025

EODY: 104 new Covid-19 admissions and 7 new deaths in the last week

December 11, 2025

Producers and farmers distribute products to citizens at the “green lights” to apologize for inconvenience – Watch video

December 11, 2025

New scam with alleged emails from the Ministry of Development for “free holiday package”

December 11, 2025

“I gave first aid but he had multiple injuries”: Friend’s heartbreaking post about the fatal crash on Vouliagmeni Avenue

December 11, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα