
Bundesbank to Pull Gold From New York and Paris in Watershed Moment
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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Bundesbank to Pull Gold From New York and Paris in Watershed Moment
 
		By Ambrose Evans-Pritchard
The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s withdrawal of gold from the US under President Charles de Gaulle as the Bretton Woods currency system crumbled in the early 1970s.
Handelsblatt said the Bundesbank will announce on Wednesday that it intends to relocate the gold to vaults in Frankfurt, said by insiders to include parts of the old archive library. Germany has 3,396 tons of gold worth roughly £115bn, the world’s second-largest holding after the US. Most of the reserves were stored abroad for safety during the Cold War.
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