Germany brings home more gold: Bundesbank
27th January 2016, © 2016 AFP

The German central bank, or Bundesbank, said Wednesday that it brought home last year more of its gold reserves from overseas storage. "The Bundesbank successfully continued its transfers of gold last year," the central bank said in a statement. "In 2015, 210 tonnes of gold were transferred to Frankfurt from storage locations abroad: around 110 tonnes from Paris and just under 100 tonnes from New York."

Germany's gold reserves are the second-biggest in the world after those of the United States and totalled 3,381 tonnes this month, according to the latest data compiled by the World Gold Council. For decades the Bundesbank's gold holdings have been kept in the treasuries of other central banks -- in Paris, London and New York. According to the German central bank's own data, 1,347.4 tonnes are stored at the Federal Reserve Bank in New York, 434.7 tonnes at the Bank of England in London and 196.4 tonnes at the Banque de France in Paris.

There were historical reasons for this.

After World War II and the export revival of West Germany's "economic miracle" in the 1950s, the central bank accumulated dollars it swapped for gold at the Federal Reserve. With Germany split between capitalist west and the communist East German state until 1990, storing most of the gold abroad was a way to keep it out of Soviet reach during the Cold War.

But surging mistrust of the euro during Europe's debt crisis fed a campaign to bring home Germany's gold reserve from New York and London, with some political parties fuelling fears the gold might have been tampered with. Under the Bundesbank's new gold storage plan in 2013, it decided to bring back 674 tonnes from abroad by 2020 and store half of its gold in its own vaults. As a result of the ongoing transfers, Frankfurt has become the biggest gold storage location, housing 1,402.5 tonnes. "With approximately 1,403 tonnes of gold, Frankfurt has been our largest storage location, ahead of New York, since the end of last year," said executive board member Carl-Ludwig Thiele.

"The transfers are proceeding smoothly. We have succeeded in once again significantly increasing the transport volume compared with 2014. This means that operations are running very much according to schedule," Thiele added. Since the transfers began in 2013, the Bundesbank said it has relocated a total of 366.3 tonnes of gold to Frankfurt -- 177.3 tonnes from Paris and 189 tonnes from New York.

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COMEX Registered Gold Inventories plummet 73% in one day
27 January 2016 - By Steve St. Angelo, SRSrocco Report

Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months.
Well, this all changed today as a stunning 201,345 oz (73%) of the total 275,325 oz of Registered Gold was transferred to the Eligible Category today:



As we can see, 21,200 oz. was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz. of Registered Gold remaining in the Comex inventories:



This is the lowest level of Registered Gold inventories on the Comex for more than 20 years.
There are now only 2.3 metric tons of Registered Gold remaining at the Comex.

This has to be one of the most surprising movements of Comex Registered Gold inventories ever. It will be interesting to see what happens over the next few months as the broader stock markets continue to crash while precious metal physical investment surges. It seems to me that this huge decline of Registered Gold Inventories suggests that the end of the Comex Exchange as a price setting mechanism is now even closer at hand.

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Ca fait combien en volume 2,3 metric tons?

Densité de l'or à 24 carats 19,3 g/ml soit 19,3 kg/l

2,3 tonne métrique donnerait 119 litres,

Super ça rentre dans le kangoo

Bizarre, j'ai comme l'impression de m'etre planté dans mon calcul ou que l'article est faux

NON TU NE REVES PAS

Ah coool !! Nous revoilà en 2011 ou on nous prévoyait l'once à 50 000 $ pour demain !!

après demain même, on a le choix dans la date, c'est déjà ça

Oh mais n'auriez vous pas contrepété ??

Il a fait ça vite et bien.

juste le temps de rentrer à pied par la Chine quoi

non tu t'es pas planté :le volume pour 1,66 tonne