4/26/2018

*BUNDESBANK'S GOLD BOULDERS* -2


Bundesbank has attributed its gold repatriation efforts largely to a changed geopolitical context.

But some say the real impetus came from criticism from politicians and members of the public in recent years, who wondered aloud whether Bundesbank was keeping close enough tabs on the nation's riches abroad.

The grumbles mounted during the eurozone debt crisis, which sent investors fleeing for safe havens like gold.

Among the loudest critics was eurosceptic Peter Boehringer, now a member of parliament for the far-right AfD party, who launched a ''Bring home our gold'' campaign that made national headlines.

''Especially during the years of financial and sovereign debt crisis. the Bundesbank was confronted with the desire for detailed information about the gold,'' said Thiele.

''It even went to so far that some questioned whether the gold holdings at home and abroad were real,''

In 2013, the Bundesbank unveiled a plan to bring home half its 270,000 ingots.

In the eyes of  63-year- old Bernhard Loederbusch, one of the visitors at the museum, it was the right decision.

If you own something, you should have it at home. All it takes is for a conflict to erupt abroad and before you know it, the gold is gone,'' the former banker told AFP after poring over the rare coins also on the display.

The Publishing continues to Part 3.

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