German govt, Bundesbank set for gold clash

A long-simmering squabble between the German government and the Bundesbank over the use of Germany's massive gold reserves may come to the boil again as a result of new legislation drafted by the finance ministry, the Financial Times reported.

The newspaper said it had obtained a copy of a draft appendix to the 2006 budget in which the German finance ministry had stated that future proceeds from gold sales should be put into a special fund, with future interest to be transferred to the federal

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