With its chemical and physical properties, gold occupies a prominent position among metals: it can be divided into the smallest units, it is practically imperishable, and its limited availability makes it additionally valuable. From the perspective of a central bank, it goes without saying that gold's special significance for monetary and currency history must be emphasised.
On this topic page, the Bundesbank provides a comprehensive overview of Germany's gold reserves with detailed texts and impressive pictures. The central bank's experts explain how gold first became increasingly important as a means of payment and later as an anchor of stability for the world monetary system. It provides detailed information on the origin, use and storage of gold in its own vaults. Interesting insights into the extraction and processing of gold as a raw material as well as well-founded knowledge about its properties are visually impressively complemented by an extensive illustration of selected gold bars from the Bundesbank's holdings.
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Press material
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Thematic articles
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The development of the Bundesbank’s gold reserves
18.01.2013 DE
The storage of German gold reserves both in Germany and abroad emerged for historical and market-related reasons.
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Gold agreement not being extended by central banks
26.07.2019 DE
The ECB and the 21 central banks that are signatories of the fourth Central Bank Gold Agreement have decided not to extend the agreement. The first agreement was signed in 1999 with the aim of coordinating the gold sales planned by the central banks.
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German gold reserves Press briefing with Carl-Ludwig Thiele
The Bundesbank has completed the transfer of its gold reserves from New York and Paris to Frankfurt am Main three years ahead of schedule. This means that the objective of its gold storage plan, which was set out in 2013, has been achieved well in advance. More than half of Germany's gold reserves are now located in Germany.