PRECIOUS METALS

The need to hold gold

In late August, Germany announced it had quietly completed a repatriation of gold bars worth more than US$30 billion from storage vaults in New York and Paris. The four-year programme moved a total of 743 tonnes of the yellow metal, and was completed three years ahead of schedule, leaving about half of the country’s gold reserve in overseas vaults.

Gold is being held in vaults all over the world, but will it ever come back to market?

Gold is being held in vaults all over the world, but will it ever come back to market?

Germany had originally moved the gold overseas during the Cold War to keep it out of Soviet hands, but made the decision to shift some of it back following the European debt crisis. Naturally, the move...

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