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Bundesbank reveals details on gold reserves

The German central bank has publicized a complete list with details on every bar of gold it possesses. The comprehensive document is meant to end speculation it may have been lying about the true amount it holds.

Dogged by various conspiracy theories, the Bundesbank on Wednesday issued an exhaustive list of all gold bars in its near 3,400-ton reserve of the metal to boost the central bank's standing as a guardian of stability.

The 2,300-page document revealed the status and location of the bars worth about 107 billion euros ($120.3 billion). Officials noted the list would be updated on an annual basis.

That means the Bundesbank has the second highest reserves of the precious metal behind the United States.

Nothing gone missing

Watch video 01:11

German gold heading home (2013)

Wednesday's tally showed that as of the end of 2014, 35 percent of the Bundesbank's holdings were at home in Frankfurt, 43 percent with the Fed in New York, 13 percent in London and 9 percent in Paris.

The lender underscored its

intention to repatriate more bars

and add them to those already stored in an underground vault in Frankfurt. It currently plans to have more than half of its gold stored domestically by 2020.

Throughout the decades, the German public had been skeptical about the true amount of the gold reserves, with suspicions being aggravated by questions about why Germany stored so much of its gold overseas.

In a book called "Bring Our Gold Home," for instance, author Peter Boehringer had long demanded the Bundesbank "must prove that the gold is there."

hg/jd (dpa, Reuters)

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