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National Geographic : 1977 Aug
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drove toward the outskirts for a look at some money. At first glimpse I felt disappointed. The underground vault beneath the Deutsche Bundesbank, the central bank of the Federal Republic, holds only 6,178 bars of gold. They looked dull and dusty, and their value totaled only 292.6 million deutsche marks-about 125 million dollars. Most of the Bundesbank's gold, I learned, is held in the Federal Reserve Bank of New York and in An inferno of molten steel silhouettes workers filling ingot molds at the Thyssen steel complex in Duisburg. German pro ducers, under stiff competition for the world market, have weathered recent slumps in foreign orders for crude steel by branching out into the manufacture of industrial machinery for the oil-rich Middle East and the third world. West Germany: Continuing Miracle
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