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German Central back to repatriate 30-50 tons from New York in 2014

Duncan Richardson, News Editor
21 Jan 2014, 3:36 p.m.

The Bundesbank plans to repatriate a total of 674 tons of gold held in vaults in New York and Paris in an attempt to hold 50% of their gold reserves in Germany by 2020. In 2013 Paris transferred 32 tones and New York 5 tons back to the Germany, in 2014 the Bundesbank are expecting between 30-50 tons to be repatriated form New York alone.

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