Nazi Gold - Disposal

Disposal

See also: World Jewish Congress lawsuit against Swiss Banks

The present whereabouts of the Nazi gold that disappeared into European banking institutions in 1945 has been the subject of several books, conspiracy theories, and a civil suit brought in January 2000 in California against the Vatican Bank, the Franciscan Order and other defendants. The suit against the Vatican Bank did not claim that the gold was then in its possession and has since been dismissed.

The Swiss National Bank, the largest gold distribution centre in continental Europe before the war, was the logical venue through which Nazi Germany could dispose of its gold. During the war, the SNB received $440m in gold from Nazi sources, of which $316m is estimated to have been looted.

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Famous quotes containing the word disposal:

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    —Ivan Chtcheglov (b. 1934)

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    —Guy Debord (b. 1931)