Germany Wants Its Gold Back

Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris and New York to its vaults in Frankfurt. The move is part of an effort by Germany's central bank to bring much of its gold home after keeping big reserves outside the country for safekeeping during the Cold War.

When the transfer is complete, Frankfurt will hold half of Germany's 3,400 metric tons of reserve gold, with New York retaining 37% and London 13%.