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Germany Wants Its Gold Back—Should You Worry?

From cnbc.com

The world's second-biggest holder of gold reserves, Germany, is planning to bring home some of its gold held in New York and Paris - a move that would mark a breakdown of trust between the world's major central banks, analysts said. The Bundesbank, Germany's central bank, will announce on Wednesday the repatriation of some of its gold holdings at the New York Federal Reserve and Bank of France, German business daily Handelsblatt reported on Tuesday. The Bundesbank confirmed to CNBC's senior economics reporter Steve Liesman that it will move a small part of its gold reserves from the New York Fed, Liesman said on ... (full story)

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  • Category: Breaking News