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Keyword: reservegold

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  • Germany completes return of 300 tons of reserve gold from US

    02/09/2017 7:10:47 AM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 9, 2017 7:27 AM EST | Geir Moulson
    Germany has completed an effort to bring home 300 metric tons (330.7 tons) of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War. The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September — the last of 300 tons slated for return. […] Once the transfers are completed, Frankfurt will hold half of Germany’s 3,378 tons of reserve gold, with the rest in New York and London. […] During the Cold War, West Germany kept...