Bundesbank Announces Repatriation of 120 Tonnes of Gold from Paris and New York Federal Reserve
By: GoldCore
GoldSeek.com
Monday, 19 January 2015
The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of it’s gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve.
“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement. “Implementation of our new gold storage plan is proceeding smoothly. Operations are running very much according to schedule,” said Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank.
“We also called on the expertise of the Bank for International Settlements for the spot checks that had to be carried out. As expected, there were no irregularities,” Thiele said.
Germany’s gold reserves are the second biggest in the world after those of the United States. The World Gold Council’s latest data shows Germany’s gold reserves at 3,384.2 tonnes today.
The Rest…HERE
