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Saturday, February 11, 2017

Economic security

Germany brings back 300 tons of gold it had been keeping in an underground vault in New York since the Cold War 


Germany has completed an effort to bring home 300 metric tons of gold, which it had stashed in the United StatesGermany has completed an effort to bring home 300 metric tons of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War.
The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September - the last of 300 tons slated for return.
The gold was earned by West Germany from trade surpluses in the 1950s and 1960s, but was never moved out of the United States due to fear of invasion by the Soviet Union.  


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