nazi gold

A detailed Summary of nazi gold

The Story Behind the Nazi Gold Nazi Gold: Hard currency

looted from treasuries of countries occupied by the Axis

powers during World War II. Ingots consisting of gold

melted down from the teeth of murder victims and

weddings bands and jewelry. About two thirds of an

estimated $660 million ($7.8 billion in today's dollars) in

stolen Nazi gold passed through Switzerland during the

war. And like any sharp businessmen with hot goods, the

Swiss disposed of much of their gold quickly - through

Portugal mainly, but also to Sweden, Spain, and other

central banks (Hirsh 48). Probably no more that $140

million remains unaccounted for, and a good portion of that

was probably sold onward as well. But what remains of the

known Nazi hoard (none of which has been returned to the

Jewish community) is worth no more than about $65 million

according to the Brussels-based Tripartite Gold

Commission, set up after World War II to return sto

recirculated gold extracted from the teeth of murdered

that the Swiss acted as the Nazis' "principal bankers" and

virtually surrounded by axis-dominated territory. After the

Germans occupied Vichy, France in the fall of 1942,

ill-gotten gains, returning only $58 million worth of gold

(Cowell). During WWII, the German threat to Switzerland

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Category: Miscellaneous

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