German Central Bank: Gold Revaluation Account Underlines Soundness of Balance Sheet

by Jan Nieuwenhuijs, Gainesville Coins: At a press conference early 2023, member of the Executive Board of the German central bank Joachim Wuermeling made clear that the soundness of the central bank’s balance sheet, in light of general losses, is guaranteed by the bank’s gold revaluation account. Wuermeling’s testimony implies the bank is willing to […]