The London Conference on Nazi Gold was an international conference held in London in December 1997. Representatives of 41 nations participated in the Conference, including France, the United Kingdom, the United States, the three countries from the World War Two Allies that fought Nazi Germany and the Axis powers that oversaw the post-War disposition of Nazi gold. The Conference addressed the disposition the remaining reserves of recovered Nazi gold held by the Tripartite Commission for the Restitution of Monetary Gold, a.k.a. the Tripartite Gold Commission. Nazi Germany looted approximately US$580 million of gold from the central banks of 15 countries (equivalent to approximately $7.62 billion in today’s funds).
When I first saw this story hit the media I allowed myself a wry smile. It had a familiar ring to it. The search for looted Nazi treasure has been going on for 70 years and a ‘find’ is always newsworthy. The latest discovery of the ‘Polish Gold Train’ apparently entombed in a tunnel complex three miles outside the town of Walbrzych has attracted the interest of the world’s media in just a few days.