German central bank to remove all of its gold from France this year

Author: Eamonn Sheridan | Category: News

The Bundesbank has been moving its physical gold reserves from around the world  back to Frankfurt

This is not new news, the program was announced 4 years back and its been in progress since.
The WSJ reports that Bundesbank board member Carl-Ludwig Thiele has said the bank will achieve its transfer goal from Paris this year, leaving no German gold reserves stored in France.