Bundesbank to bring gold back home

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The Bundesbank will repatriate 674 tonnes of gold by 2020, it announced today (January 16), with the intention of holding half of Germany's gold reserve in its own vaults.

In total, the central bank holds 3,391 tonnes of gold, worth $183 billion at today's London am fix. Only 31% – 1,036 tonnes – is currently held in Frankfurt, with the reminder divided between New York (45% – 1,536 tonnes), London (13% – 445 tonnes) and Paris (11% – 374 tonnes).

Under the central bank's new storage plan, the pr

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