The US Federal Reserves holds 45 percent of Germany's 3396 tons of gold while the Bank of England holds 13 percent and the Bank of France holds 11 percent. The rest is with the Bundesbank headquarters in Frankfurt.
BERLIN(BullionStreet): After criticisms flared up over it's silence over country's huge gold reserves stored abroad, the German central bank said it has devoloped a new concept on the issue, reports Handelsblatt.
According to the German language business newspaper,the Bundesbank has devoloped a plan to retrieve large parts of the German gold reserves stored for safety in the US, UK and France.
The plan, according to which Germany will hold more gold reserves, will be announced soon. ...