Bundesbank wants to bring home Germany's Gold

Obviously impressed by the National Geographic doco on the NY Fed Gold Vault, and the recent performance of the socialist government of France, the Bundesbank has announced that it will be withdrawing some of its gold from the New York Fed and all 345 tonnes of gold held in Paris by the Banque de France.

From handelsblatt.com (translated by google translate)

Original article link (in German)

After the establishment of large parts of the German Bundesbank's gold reserves for safety were deposited with the Allies. Now, the gold from New York and Paris to be retrieved,

Frankfurt,the Bundesbank has developed a new concept, where she wants to continue storing their gold reserves. According to information of the Handelsblatt (service delivery) sees this approach which will be announced next Wednesday before, to revalue the domestic locations, in New York for less to store gold and even to hoard any more gold in Paris.

Thus, the central bank reacts to a report of the Federal Court to examine the financial statements of the Bundesbank and had advised her to create a current bearings concept and documented.

Currently, the gold of the Bundesbank outsourced their claims to New York, London, Paris and Frankfurt. In the American Federal Reserve store 45 percent of the total 3,396 tonnes of gold in the Bank of England in London, 13 percent, in the Bank of France in Paris eleven percent and 31 percent at its headquarters in Frankfurt. This distribution is about to change.