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Over the past year, the Bundesbank has successfully 210 tonnes of gold recovered from abroad. Of that, about 110 tons came from the French central bank in Paris and nearly 100 tons from the Federal Reserve in New York. In the meantime, most of Germany's gold reserves are back in their own country.
Carl-Ludwig Thiele of the Bundesbank explained in a press release on the Bundesbank's website:
"With around 1,403 tonnes of gold, Frankfurt has become the largest storage location for German gold. The transports are going according to plan and we have managed to increase the total volume compared to 2014. This means that we are well on schedule."
The Bundesbank began repatriating part of its gold reserves in 2013. In three years, 336 tonnes of gold have already been returned to the vault in Frankfurt, which is about 54.4% of the total amount of gold that Germany will recover up to and including 2020. The Bundesbank has already quoted 177 tonnes Gold bars from Paris and 189 tons from New York.
Germany's gold is currently spread over Frankfurt (1,402.5 tonnes), New York (1,347.4 tonnes), London (434.7 tonnes) and Paris (196.4 tonnes). By 2020, the vault in Paris must be completely empty and a total of 300 tons of gold must be removed from New York.
All gold bars that the Bundesbank retrieves from abroad are extensively checked for authenticity. The central bank writes in its press release that to date no irregularities have been found with regard to the authenticity, purity and weight of the gold bars. Click here for a video with more information about the Bundesbank's gold.
The first table from the Bundesbank provides an overview of the amount of gold that has been recovered in recent years, while the second table shows how much gold is currently in each storage location.
The Bundesbank recovers a total of 673.7 tonnes of gold
Frankfurt is now the largest storage location for German gold
Bundesbank recovered about 210 tonnes of gold in 2015
