Gold conference 2018
Gold and its significance for currencies
60431 Frankfurt am Main
Gold is a metal which has played a particularly prominent role in the history of coins, money and currencies. For around two-and-a-half thousand years, gold coins were an important part of the monetary systems of nearly all states, and gold continues to play an important role as a reserve asset to this today.
To shed more light on the huge significance of gold for currencies, the Bundesbank is hosting a one-day conference in Frankfurt am Main at which distinguished experts will report on major gold currencies from antiquity, the Middle Ages and the modern era, amongst other topics. Speakers will also discuss the processing of gold and offer insights into the world of international gold trading and monetary policy under the gold standard.
Long-term historical developments are key to understanding how Germany’s gold reserves came into being after the end of World War II. The Bundesbank is responsible for managing and storing Germany’s gold reserves. At the end of 2017, this gold had a value of €117 billion and accounted for 70% of the Bundesbank’s reserve assets. Weighing in at 3,374 tonnes, Germany’s gold reserves are the second largest worldwide, after those of the United States.
|Wednesday, 11 April 2018|
|9.20-10.20||Tour of the special exhibition “Gold. Treasures at the Deutsche Bundesbank”|
|10.30-11.00||Professor Dr Bernhard Weisser (Münzkabinett der Staatlichen Museen zu Berlin): Electrum and gold. Stages of gold coinage in antiquity.|
|11.00-11.30||Associate Professor Dr Hubert Emmerig (Institute for Numismatics and Monetary History at Vienna University): Gold money landscapes in the German Reich|
|13.00-13.30||Professor Dr Bernd Kluge (Münzkabinett der Staatlichen Museen zu Berlin): “Old Fritz” and the Friedrich d’or. Going for gold in Prussia|
|13.30-14.00||Professor Dr Svein Harald Gullbekk (University of Oslo): How the decline of a coinage turned the Great Depression around – the 1933 double eagle.|
|14.50-15.20||Christoph Wild (Argor-Heraeus SA, Switzerland): Gold – the value chain – processing and responsibility|
|15.20-15.50||Ruth Crowell (London Bullion Market Association). The London Good Delivery Standard|
|15.50-16.2||Wolfgang Schulte (Deutsche Bundesbank): Bretton Woods and the European Payments Union – how Germany's gold reserves came into being and what the Bundesbank has done with them|
|16.50-17.00||Summary and conclusion|
|Conference ends at around 17.00|