Germany brings home gold from Cold War havens

Germany’s central bank plans to bring home hundreds of tonnes of gold, part of the reserves it kept in the United States and France during the Cold War for safety from any Soviet invasion.

The Bundesbank’s decision to move the bullion stems partly from a desire among some German politicians to keep a direct eye on its condition. The bank also now has space in its own vaults for a metal widely seen as underpinning confidence in the country’s economic clout.

via Business feed http://www.scmp.com/business/economy/article/1129997/germany-brings-home-gold-cold-war-havens