Germany wants to make 150 ton gold withdrawl

    8:37 AM, Feb 7, 2013   |    comments
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    UNDATED (CNN) -- It's the biggest withdrawal ever made; 300 tons of gold, worth $200 billion. For years, Germany has stored a large part of its gold stockpile at the Federal Reserve bank in New York. Now Berlin wants about half of it sent home.

    Germany has just announced it wants 300 tons of its gold from this same Federal Reserve Bank. Where is all this gold located exactly? Right in the heart of the financial district.

    A couple of blocks north of Wall Street in lower Manhattan is where the German gold is. The vault for the gold is below street level some eighty feet down.

    Germany began storing gold here, now totaling some 1500 tons of gold bars during the cold war fearing an invasion from the Soviet Union.

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