The German government is seeking to repatriate its physical gold to protect its economy from the threat of a new global economic crisis.
At least half of the country’s gold would be transferred to Frankfurt by 2020, according to Bundesbank President Jens Weidmann.
Weidmann says 366 tons of gold worth €11.5 billion have been delivered to Frankfurt so far. "There are now about 1,400 tons or 41.5 percent of our gold reserves here," the banker said...
Source: RT.com/a>