Recently German government auditors have asked the Bundesbank to have a look at the gold reserves of the country, majority of which have been kept at banks abroad amid safety purposes.

Bundesbank, which is similar to Germany's Federal Reserve, was requested to verify the gold reserves, following concerns raised by a number of German politicians and its National Audit Office. It has been reported that nearly 66% of the Germany's gold reserves are stored outside the country.

Bundesbank stated that Germany's gold has never been physically assessed. A significant amount of the gold reserves have been secure stored in vaults in US, Britain and France. These gold bars have not been physically checked by officials from Germany since many years, as a result of which, German federal auditors have urged to check the gold reserves.

Gold have always been looked upon as a major solution to various financial problems faced by a country since long times. There is no end to printed dollars or pounds or other currencies, but government cannot dig out unlimited amount of gold, as its amount is finite.

Since the time, gold has been considered as a safe haven in difficult times, its value has touched skies.