×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
13
Jan 2026
weather symbol
Athens 4°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

Motorcycle rider arrested in Thessaloniki for driving 128 km/h in residential area

January 12, 2026

Mattel releases the first Barbie with autism, watch video

January 12, 2026

Farmers’ unions cancel meeting with Mitsotakis, plan escalation with new roadblocks

January 12, 2026

Shark attack on woman in Brazil: ‘I knew it had bitten me’, watch video

January 12, 2026

The 15 Greek islands that stand out for holidays in 2026, according to Conde Nast Traveller

January 12, 2026

Agatha Christie’s 1958 visit to the Acropolis captured in unpublished photo

January 12, 2026

Russia declares war on the Ecumenical Patriarch: “He is dismantling the Body of the Church, has nationalist and neo-nazi allies”

January 12, 2026

Video: The “battle” of the Skopelitis with the waves in the Aegean

January 12, 2026
All News

> World

Shark attack on woman in Brazil: ‘I knew it had bitten me’, watch video

The attack was captured frame by frame by an underwater camera, with the victim ultimately escaping after receiving several stitches

January 12, 2026

Maria Machado at the Vatican, a few days before she meets Trump

January 12, 2026

The local judicial authorities decided to detain the owner of the bar in Crans-Montana for three months

January 12, 2026

Ukraine: 35,000 households in Odessa are without electricity after a Russian drone attack

January 12, 2026

Bloomberg: Britain and Germany discuss the presence of NATO forces in Greenland

January 12, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα