Germany to bring half its gold back by 2020

After decades of storing the majority of its gold reserves overseas, Germany has decided to speed up efforts to bring its bullion back home, announcing Monday it plans to repatriate at least half of the country’s gold by 2020.

According to the Bundesbank, the country’s central bank, there currently are about 1,400 tons or 41.5% of Germany’s gold reserves sitting at its vaults in Frankfurt

Germany to bring half its gold back by 2020