×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
16
Jan 2026
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

Storm Goretti sweeps France, Britain, Germany and the Netherlands: Thousands of households without power and flight cancellations

Electricity restored after five days in southwest Berlin after far-left terrorists’ sabotage

The unknown attempt by the Germans to assassinate Stalin in September 1944

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

One dead after train–bus collision at the Port of Hamburg – see photos

January 16, 2026

President of Air Traffic Controllers: Another communications blackout possible in the near future

January 16, 2026

Trump threatens tariffs against those who oppose U.S. plans for Greenland

January 16, 2026

X is down, thousands report problems

January 16, 2026

“Her father cut her hair because she asked to go to a hair salon, they never gave her money”: New testimonies about Laura

January 16, 2026

Rama persists after rant at Greek journalist and questions the link between “Greek speakers” and Plato and Aristotle

January 16, 2026

CIA chief in Venezuela meets with Rodriguez

January 16, 2026

Less alcohol and lower speeds with the new Highway Code and strict fines

January 16, 2026
All News

> World

One dead after train–bus collision at the Port of Hamburg – see photos

Ten people were injured in the collision, including the bus driver, who is in critical condition

January 16, 2026

Trump threatens tariffs against those who oppose U.S. plans for Greenland

January 16, 2026

X is down, thousands report problems

January 16, 2026

Rama persists after rant at Greek journalist and questions the link between “Greek speakers” and Plato and Aristotle

January 16, 2026

CIA chief in Venezuela meets with Rodriguez

January 16, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα