FRANKFURT — Germany’s central bank is hauling home tens of thousands of gold bars stored in the United States and France, in a high-security operation spread over eight years.
All 374 tons of German gold held in Paris vaults will be moved back to the Bundesbank’s vaults in Frankfurt by 2020, the bank said Wednesday. A further 300 tons of gold stored in New York will also be brought back.
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Before Ben Bernanke and Tim Geithner try to use it to pay off US debt