Where Did Germany's Gold Go?

Another one of the international central banks failed to properly oversee and audit a country’s massive gold reserves. This time, Germany’s central bank is to blame.

The federal auditors’ office has publicly criticized the central bank saying they should be more pro-active when it comes to taking control and responsibility for the county’s gold reserves stored in the United States, Britain, and France. They are worth “dozens of billions of dollars.”

Care to know where a majority of Germany’s gold reserves are held? You guessed it – they’re in possession of our very own Federal Reserve; ‘safely’ secured in the vaults of our nation’s most ‘trustworthy’ men.

At least 3,400 tons of gold – valued at about $190 billion at modern rates – are in the U.S., the Bank of France, and the Bank of England. Most of that gold has been there since the end of the Cold War and the Soviet invasion.

More here: http://www.wealthwire.com/news/metals/4056?r=1

Another one of the international central banks failed to properly oversee and audit a country’s massive gold reserves. This time, Germany’s central bank is to blame.

The federal auditors’ office has publicly criticized the central bank saying they should be more pro-active when it comes to taking control and responsibility for the county’s gold reserves stored in the United States, Britain, and France. They are worth “dozens of billions of dollars.”

Care to know where a majority of Germany’s gold reserves are held? You guessed it – they’re in possession of our very own Federal Reserve; ‘safely’ secured in the vaults of our nation’s most ‘trustworthy’ men.

At least 3,400 tons of gold – valued at about $190 billion at modern rates – are in the U.S., the Bank of France, and the Bank of England. Most of that gold has been there since the end of the Cold War and the Soviet invasion.