gold coins

Germany pulled all of its gold out of Paris

$15 b

In a secret five-year operation, Germany’s central bank just announced it moved 374 metric tons of gold, worth around $15 billion, out of vaults in Paris.

Published   |  Photo by Reuters/Ruben Sprich
gold coins
$15 b

Just over half of the central bank’s $140 billion stockpile, the second-largest in the world (after the US), is now back home.

gold coins
$15 b

gold coins
$15 b

The German government’s explanation for repatriation (which cost around $9 million) was to “build trust and confidence domestically.”

gold coins
$15 b

Conspiracy theorists, of which there are many in the gold world, think Europe’s strongest economy is prepping for the inevitable fall of the euro.

Published

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