Bundesbank “Reassures� Re. Gold Bullion Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning

The German Bundesbank released an inventory of its gold reserves yesterday in order to quell ongoing public concerns about the true amount of actual unencumbered reserves and the location of the reserves stored in vaults in Frankfurt, London, Paris and particularly in the New York Federal Reserve. The central bank said its gold reserves amount to 3,384 tonnes of gold worth just €107 billion at today’s prices.

First published here: Bundesbank “Reassures� Re. Gold Bullion Reserves as Deutsche Bank Shocks With €6 Billion Loss Warning