Germans have been wondering for years about the country’s gold holdings abroad.
Now the Bundesbank has given them answers.
On Wednesday, the German central bank released a full list of every single gold bar is owns held in Germany, England, France, and New York.
Why would the Bundesbank go to the trouble of compiling such a list?
Back in 2012, federal auditors in Germany asked the central bank to take stock of all of its physical gold held outside the country. The bank refused, sparking questions about the existence of the gold. People started to lose confidence in the Euro.
As Bloomberg reports, a whole “Repatriate our gold” movement sprung up in Germany. And in 2013, the Bundesbank actually did begin repatriating gold from vaults in the United States and France.
The report shows that one third of its reserve is now held in Germany at the Bundesbank in Frankfurt.
The Bundesbank said it will update the report annually, and plans to hold half of its reserves in-house by 2020.
Until then, we know where to find it.