‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
– 'Availability of gold strengthens public confidence in the central bank's balance sheet' say Bundesbank – Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank's reserve assets – Bank taken series of steps to increase transparency around Germany's gold holdings – Germany has second largest gold holdings in the world; U.S. believed to be largest – Transparency important and all central banks should follow the Bundesbank lead Editor: Mark O'Byrne Germany's central bank serves as an example to central banks when it comes to respecting gold reserves and the public's knowledge of them. The Bundesbank has worked incredibly hard in recent years to [...]