German central bank calls back its gold

In case you think holding gold was becoming less popular, consider that the German central bank plans to bring back all of its gold stored in other countries, such as England, France and the USA.

German gold reserves, the second-largest in the world after the U.S., amounted to 3,387.1 tons as of Nov. 30, according to World Gold Council data. Germany’s Audit Court sparked a debate about the country’s gold reserves in 2012 when it called on the Bundesbank to take stock of its holdings abroad, saying their existence had never been verified.

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