Bundesbank organizes conference on gold

Gold is a metal that has played a particularly prominent role in the history of coins, money, and currencies. For about 2.5 thousand years, gold coins were an important part of the monetary systems of almost all states, and gold still plays an important role as a reserve for them today.

To gain a better understanding of the enormous importance of gold for currencies, the Bundesbank a one-day conference in Frankfurt am Main, where leading experts will report on important gold coins from antiquity, the Middle Ages and the modern era as well as other topics related to gold. Speakers will also discuss the processing of gold and provide insight into the world of international gold trading and monetary policy under the gold standard.

Conference on Gold

Long-term historical developments are critical to understanding how Germany's gold reserves came to be after the end of World War II. The Bundesbank is responsible for the management and storage of gold reserves in Germany. At the end of 2017, this gold had a value of €117 billion and represented 70% of the Bundesbank's total reserves. Weighing in at 3,374 tons, Germany's gold reserves are the second largest in the world, after those of the United States.

This one-day conference will be held on April 11 at the German Bundesbank's money museum in Frankfurt am Main.