It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
They even apply somewhat incorrect terminology such as "honest" to the returners.
When the war ended the Allies determined that the Nazis had begun the war with a gold reserve of about $120 million and had seized well more than $600 million in gold from occupied countries, especially Belgium and the Netherlands. The Department of State estimated that the Germans had sold roughly $300 million to Swiss Banks and had laundered about $140 million through Swiss banks for payment of goods from Portugal and Spain. Using gold in payment, the Nazis also directly purchased goods from other countries, primarily Sweden and Roumania, in the amount of $61 million. And it was determined that the U.S. Army had located a total of some $293 million worth of gold.
The Allies, at a reparation conference held in Paris late in 1945, established procedures for the restitution of the gold looted by the Nazis from the central banks of Europe (so-called "Monetary Gold"), as well as for the restitution of "Non-Monetary Gold" (e.g. gold watches and wedding bands). The procedures called for the non-monetary gold to be restituted to individuals and groups of individuals through the auspices of an international refugee organization.