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Bundesbank

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German Bundesbank Wants Its Gold Back Again

Stacked Gold Bullion

Currently, the Federal Reserve Bank of New York holds 45% (1,536 metric tons) of Germany’s gold reserves. The remainder is held in London (13%), Paris (11%) and Frankfurt (31%).  In the past, The Fed has denied German requests to audit their own gold “in the interest of security.”  In 2007, German representatives were allowed to…

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