On January 16, Germany’s central bank made a startling announcement. It asked for the return of gold stored in America and France. Six hundred and seventy-four gleaming tonnes will be relocated to vaults in Frankfurt.
The statement by the second-biggest gold holder in the world sent a shudder through global markets. Newspapers went into speculation overdrive. Why would Germany ask for its gold back now? Did Germany no longer trust America to hold its gold?
