After the Spanish sting came the looting of German gold in World War II.
This became clear when, on May 28th, the Bundesbank vehemently attacked Mr Waigel's plan to revalue the German gold reserves and mark up the profit as a way of making Germany's public finances look less dire.
In July, European shares, ten-year German Bunds and gold all rose by more than 2.5%.
Flight-to-safety buying of U.S. Treasuries, German bunds, gold and the U.S. dollar all quickly came back into vogue late Monday.
FORBES: A.M. Kitco Metals Roundup: Gold Sees Fresh Safe-Haven Demand on EU Worries; Bernanke on Deck
In 1931, as the Austrian bank Creditanstalt collapsed, pulling down the banks of Germany, Czechoslovakia, Hungary and Poland, a run on the German currency forced it off the Gold Standard in May, then the British Labour government struggled to maintain its currency peg - imposing austerity onto its own voters as the price.
In four-man, Holcomb's forte, his USA-1 team in the original Night Train the sled that won Olympic gold was a distant 10th at Sochi, behind three German teams, two Russian squads, and one each from Britain, Canada, Switzerland, and the gold medal-winning sled of Latvia.
One trader said the euro and commodities generally including gold were helped overnight when German and French gross domestic product were not as weak as feared.
FORBES: Comex Gold Steady To Slightly Higher Ahead Of U.S. Retail Sales, PPI
The result gave German 34-year-old Jens Fiedler the third gold medal of his Olympic career.
Softer German economic data put some pressure on the euro, causing gold to inch slightly lower, Nabavi said.
FORBES: Comex Gold In Narrow Range While Awaiting FOMC Outcome
Lange's victory saw him become the first driver to take both bobsleigh gold medals at a single Winter Olympics since East German Wolfgang Hoppe in 1984.
BBC: SPORT | Other Sport... | Winter Sports | Lange seals second bobsleigh gold
And never mind that the Bank of England knew BIS No.2 contained Czech gold, and that No.17 was held for the German Reichsbank.
This battle is about to be re-enacted in the euro zone, where higher-cost countries have tied themselves to a new gold standard, in the form of the hyper-efficient German export machine.
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Rutherford, who has struggled recently with injury and illness, claimed a personal best 8.0m but had to settle for sixth, with German Sebastian Bayer leaping a European record of 8.71m to win gold.
It proved to be an inspired selection, and Kuske won his first Olympic gold medal at Salt Lake in 2002 as part of the victorious German four-man team.
For instance, proof of the origin of much of the gold in Swiss banks was provided only a few weeks ago when German Reichsbank records, at first thought lost, were discovered.
In London, the work Reiss and Boltersdorf have done is being applied by Alexander Leipold, coach of the German men's freestyle wrestling team (he was stripped of his 2000 Olympic gold medal for a doping violation and maintains his innocence).
In the 1920s, German chemist Fritz Haber, a Nobel Prize winner, thought it possible to extract enough gold from oceans to pay his country's debt after World War I.
Several analysts said gold fell on dollar strength as the European debt saga continued, particularly after a German government spokesman suggested Monday that a resolution might not come as quickly as markets had hoped.
FORBES: Gold On Defensive While Tracking Euro; Technical Weakness Also Cited
In 1960 the German mark had a fixed exchange rate with the US dollar which, in turn, was officially fixed to gold.
Comex gold futures prices are trading higher and hit a fresh six-month high Wednesday morning, following a German court ruling that affirmed a European Union bailout plan.
FORBES: Gold Rallies, at 6-Mo. High, Following German Court Ruling
Interestingly, the German central bank, the Bundesbank, on Wednesday said it is bringing back to Frankfurt a significant portion of its gold reserves that have been stored in New York City, and all of its reserves held in France.
FORBES: P.M. Kitco Metals Roundup: Gold Slightly Down, but Up from Daily Low, on Chart Consolidation
German spectators were open in their admiration for the American, and he would probably have not won the long jump gold had it not been for advice given to him by his main rival in the event, the star German athlete Luz Long.
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