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COMING UP:Share Opener Variant 3



>> Just the site of it triggers all kinds of conspiracy theories. All the more so now that Germany has announced it'll bring home some of it's gold much earlier than planned. It holds the second biggest Boolean reserves in the world, 3,378 tons. It was stashed away in safe havens like Paris and New York, during the Cold War, out of Moscow's reach.
But with Europe stumbling from crisis to crisis, the German public has grown increasingly nervous about keeping it abroad. As Reuters senior precious metals correspondent, Jan Harvey, explains.>> There have been a lot of conspiracy theories flying around that the gold had simply disappeared. And these had gathered so much pace that in 2015, the Bundesbank actually released a 2,300 word list of all of its gold bars explaining where they were.
It's not the only central bank that's come under political pressure to repatriate it's gold. Austria also in 2015 said that it was gonna be bringing some gold home from London.>> The move is happening three years ahead of schedule, prompting some to question Germany's confidence in the euro.
There's speculation that gold could be needed to back a new deutschmark, should the euro zone break up.>> It's very difficult to talk specifically about how the Bundesbank is gonna handle these pressures. But yeah, it has certainly, the euro zone has come under a lot of, kind of pressure from financial market turmoil and currency market turmoil also.
So it's possible that, that may have fed into decision making process to some extent.>> Only half of Germany's gold will be moved though. The rest will be kept in the key gold trading markets of London and New York. The Bundesbank insisting that Trump was not a factor in speeding up the schedule.
But the relocation hasn't been cheap, so far it has cost nearly 7 million euros compared to the 120 billion euros of gold it holds, it's clearly something Germany can afford.