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Euronews

Franziska Müller

Germany has world's second biggest gold reserve. Time to cash it in?

Gold Germany Bundesbank DIW the Federal Reserve

Germany is sitting on a gold fortune, and some economists and politicians think it could be time to crack open the piggy bank.

The German Bundesbank holds 3,350 tonnes of gold, the world's second-largest reserve after the United States. With the precious metal recently surging past $4,700 (€4,140) per troy ounce, those reserves are now worth close to €440 billion.

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