So not only the Germans want their 3400 tonnes of gold back, now the Swiss want their gold back.
As of September 2012, the SNB had 55591 million CHF gold (Table 1). That's 59139 million USD gold or 33.4 million ounces of gold or 1040 tonnes of gold. That's one third of Germany's gold and is pretty significant.
The SNB hasn't said where its gold is and also hasn't said if it will repatriate their gold all at once, but if they were to repatriate it all at once, it would be almost double the amount that Germany is now repatriating over 7 years: namely 674 tonnes of gold.
Table 1: Swiss National Bank Balance Sheet |
Nice article, thanks for the information.
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