Bundesbank under pressure over $172bn gold inventory
The Deutsche Bundesbank is under pressure to physically verify its inventory of gold held at other central banks around the world, after Germany's Federal Court of Auditors said it was a legal requirement under German commercial law to provide a physical inventory.
When figures were last published, in December 2011, the Bundesbank held a total of 3,396 tonnes of gold, worth €132.8 billion ($172 billion). About 30% of this total amount is held in Germany and the rest divided between the Federal
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