Deutsche Bundesbank
Germany's central bank, custodian of the world's second-largest sovereign gold reserve, a significant share of which remains held abroad in New York, London and Paris.
Covered in 3 MetalsCost.com News Intelligence articles, most recently on September 18, 2026.
Coverage
Central Banks Have Relocated Gold Reserves in Three Waves Since 2000, World Gold Council Says
The World Gold Council traces central bank gold relocations back to Germany's 2000 transfer through three historical waves, arguing the Netherlands' 2026 move to London and India's rising domestic share reflect a search for liquidity and access, not a prelude to selling.
France Completes Full Gold Repatriation From the US, Banking a $15 Billion Profit
The Banque de France completed a 129-tonne gold swap between New York and Paris across 26 transactions, bringing all 2,437 tonnes of its reserves home and booking roughly $15 billion in profit.
Why Central Banks Are Treating Gold as Backup Collateral, Not Just a Reserve Asset
A new analysis argues gold is returning as reserve collateral for central banks and stablecoins, not as a currency, after record official-sector buying since 2022.
