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Germany’s gold scheduled to go home

Posted: January 20, 2013 at 2 a.m.

A gold ingot is held close to a German Central Bank security guard last week as the bank announced it will return to Germany 374 tons of gold being stored in France and another 300 tons being stored in the United States by 2020.

Nearly half of Germany’s gold reserves are held in a vault at the Federal Reserve Bank of New York — billions of dollars worth of postwar geopolitical history squirreled away for safe keeping below the streets of Lower Manhattan.

This story is only available from our archives.

Business, Pages 65 on 01/20/2013

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