All German gold finally on German soil! But there is one problem - they are half left forever in AMERICA and BRITAIN!
The strongest European economy has the second largest world reserves of gold, after the United States, but for decades, almost no 3400 tons of yellow metal could be found on German soil
That is why everything is shining in the new exhibition at the German central bank, opened to finally raise a veil of secrets from the vast national reserves of precious metal and convince the skeptics that it exists.
The strongest European economy has the world's second largest gold reserves, after the United States, but for decades, almost no 3400 tons of yellow metal today worth a staggering 117 billion euros could not be found on the German soil. How would gold be secured from a possible Soviet invasion during the cold war, and for other historical reasons, the Germans kept their gold bullion in the vaults of central banks in New York, London and Paris.
Faced with high public pressure, the Bundesbank has decided to store half of its gold reserves in its homeland, which has been the case for the past five years with a series of secret shipments from America, Britain and France. Now they are kept in the impenetrable section of the headquarters of the Bundesbank in Frankfurt.
The bank, however, decided to expose historically the most valuable copies to its Museum of Money. The exhibition "Gold - Treasures of the Bundesbank" was opened until September. One of the central exhibits is a golden lever poured out in 1917 in London, one of the oldest gold bars of German gold reserves.
There are also gold coins from the period of the Roman Emperor Constantine. A special place was given by coins made of gold extracted from Rhine and the Danube. "" I do not think there is a topic that more arouses the attention of citizens than gold, "said Bundesbank member Carl-Ludwig Thiele," We are doing this to show citizens that gold bars are here to show transparency, "Thieles adds.
Gold is fascinating
For years, myths have been dispersed around German gold reserves. The historical roots of this unusual fact lie in the 1960s, when Germany, thanks to the "German economic wonder", began to rapidly accumulate gold reserves, without which it remained completely during the Second World War. It was then concluded that due to the cold war and the danger of the Soviet invasion of the leverage, west of Rhine. "
In the course of the financial crisis, about ten years ago, the first public criticism of the fact that Germany, despite the changed geopolitical circumstances for which the reserves moved abroad, did not return its gold to the home. The most populous Alternative for Germany (AfD), then has not yet been an anti-immigrant party than a euro-critic.
AfD then hits the headlines with a well-thought-out campaign, "Return the German Gold to Home." Some have even begun to raise questions about the existence of German gold reserves. Now 1710 tonnes are in Frankfurt, about 1200 of them remained in New York for every case and about 430 in Paris. All the reserves have been completely withdrawn from Paris, given that France is also in the eurozone, and in the event of a common currency crisis, gold reserves would not be helpful.
Although gold is no longer fateful to financial systems as it used to be, it remains an "anchor of stability," a safe harbor in difficult times, explains the Bundesbank. For the Germans, who still fear the hyperinflation of the Weimar Republic in the national subconsciousness, the tangibility of gold has a lasting appeal. " It was impressive to see gold close up, "says Bernhard Loederbusch, a visitor to the exhibition. "It embodies everything: money, power, greed. Because of it, people killed the only others. Gold is fascinating, "he said.
- 2 May, 2018
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