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German Legislator Seeks Repatriation Of All The Bundesbank’s Gold

from Gold Core:

The Bundesbank plans to repatriate 30 to 50 metric tons of gold stored in New York this year under a plan to repatriate home half of its bullion reserves held abroad.

The central bank transferred 32 tons of gold from Paris and five tons from New York last year, according to a Bundesbank spokesman. The bank expects to repatriate the reserves at a pace of about 50 tons a year. The Bundesbank said a year ago it will repatriate 674 tons of gold from vaults in Paris and New York by 2020 to restore public confidence in the security of Germany’s reserves. The stockpile is worth $27.2 billion in current prices.

Read More @ GoldCore.com

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