Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion

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Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion Page 59

by George M. Taber

Munich agreement, 131, 161, 163, 229, 240

  Munich crisis (September 1938), 111

  Münstereifel, 209–210

  Murmansk, 348, 352, 353

  Murrow, Edward R., 301

  Mussolini, Benito, x, 100

  alignment of Albania with, 198

  Ciano and, 199–200

  demands for Zog, 200–201

  fall of, 203, 330, 363, 367

  Hitler and, 199, 324–325, 363

  protection of Italian bullion, 363–364

  rescue of, 363, 367

  Spanish Civil War and, 10

  takeover of Austria and, 89, 94, 96–97

  as undecided, 261

  war objective of, 251

  Mussolini, Stefiono, 371

  Mutual assistance pacts, 152

  N

  Nagy-Appony, Géraldine Apponyi de, 200

  Napoleon, 67, 227, 368

  invasion of Russia, 339

  Napoleonic wars, 289, 369

  Napoleon III, 243

  Narodowy Bank Polski, 135–136

  Narvik, 174, 177

  Nassau, Hubert, 234

  protection of Belgian assets, 229–230

  National Bank of Albania, 198–199

  National Bank of Greece, shipment of gold and, 328

  National Bank of Hungary, gold traffic and, 167

  National Bank of Yugoslavia, 368

  conversion of accounts into dollars and, 329–330

  National Defense Council of Yugoslavia, 319

  Nationale Bank van België, 228

  National Front, 9

  Nationalists in Spanish Civil War, 8, 9, 10–11, 12

  National Redoubt, 419

  National self-determination, 198

  National self-sufficiency, 26

  National Swiss Bank, Nazi gold traffic and, 378

  NATO, 432

  Naval Quartermaster Corps, 48

  Nazi gold

  laundering of, 387

  statistics of, 439–440

  Nazi Gold (Sayer and Botting), 427

  Nazi Gold trade, 444

  Nazis

  belief in autarky, 37

  gold as centerpiece of economic policy and war strategy, 6

  military spending levels by, 87

  racial policies, 71

  Nefertiti, value of bust of, xvi

  Negrin, Juan, x, 16, 17, 18, 19–20, 21

  Netherlands

  bullion standard of, 83

  bullion storage at New York Federal Reserve, 207

  demands for restitution, 430

  DSK confiscation of gold in, 70

  fall of, 204–225, 242

  gold of, 312

  Hitler’s nonrespect for neutrality of, 377–378

  Nazi objective of conquering, 173

  sale off of bullion, 438

  shipment of gold to U.S., 164, 170, 207–208, 289

  smelting of gold, 378–379

  stolen gold of, 440

  The Netherlands National Bank, 206

  Neue Zürcher Zeitung, 179

  Neuhauser, Hans, 424, 425

  Neumann, Erich, 68

  Neurath, Konstantin von, 11, 87, 89–90

  Neutrality Acts (1935, 1936, 1937), 159–160, 166

  Neva (Soviet ship), 21

  New Deal, Supreme Court and, 59

  Newton, Sir Isaac, 3–4

  New York State Agricultural Commission, 51

  New York Tribune, 25

  Nicholas II, czar of Russia, 334, 336

  Nickel, German need for, 165

  Niemeyer, Otto Ernst, 114

  Niemöller, Martin, 356

  Nieuwe Waterweg, 222, 223, 224

  Night of the Long Knives (June 1934), 62

  Nikolayev, Léon, 14

  Nikolsky, Lev, 14, 15

  Nikši, 330, 331, 332

  Nixon, Richard, closing of gold window, 437

  Nixon Shock, 437

  Noël, Léon, 140–141

  Non-agression treaty, signing of between Germany and Soviet Union, 133

  Noordeinde Palace, 213

  Norman, Montagu, x, 4–5, 286

  Bank of England under, 77, 80–81, 82, 84, 163

  fixing of gold prices and, 57

  Harrison, George L., and, 55

  Schacht, Hjalmar, and, 29, 120, 124, 127

  shipping of Belgian gold to Britain and, 230

  transfer of Czech assets and, 113, 114

  North Africa, Allied invasion of, 361

  North Tirol Alps, 421

  Norway

  German invasion of, 174–175, 180–196

  golden inheritance and, 176

  gold of, 312

  move of gold and, 182–203

  sending of bullion to U.S., 164

  storage of gold at, 177

  Novikov, Fedor, 411

  Novsibirsk, 343, 344

  Nuremberg, September 1938 Nazi party rally in, 108

  Nuremberg Party Festival, announcement of Four Year Plan at, 66

  Nuremberg trials

  interrogation of Schacht, Hjalmar, at, 43

  postwar studies done for, 354

  Nygaardsvold, Johan, 179–180

  O

  Odessa, as destination for Spanish gold, 20, 22

  Ogilvie-Forbes, George, 26

  Ohrdruf death camp, tour of, 405

  Oil, 40

  German need for, 165

  in Romania, 40, 326, 376, 384

  U.S. buy up of, 165

  Olathe, E. J. van, 217

  Olav, Crown-Prince, 180

  Oliveira Salazar, António, 9

  Ollive, Emmanuel, 283

  meeting with Moreton, Charles, 308–311

  Omsk, 335

  Operation Barbarossa, 326–327, 334, 351

  Operation Dynamo, 294

  Operation Fish, 297

  Operation Lucid, 295

  Operation Mercury, 327

  Operation Sea Lion, 193, 322

  Operation Sichelschnitt (Cut of the Sickle), 206

  Operation Typhoon, 350

  Operation X, 13, 16

  Oran, Algeria, movement of French gold to, 315

  Orczykowski, Stanisław, 137, 140, 148

  Organisation Todt, 418

  Orgera, Giovanni, 372

  Orlov, Alexander, x, 14, 15, 18–19

  as representative of the Bank of America, 19

  transfer of gold to Soviet Union and, 19–23

  Orlov, Maria, 15

  Orlov, Veronika, 15

  Osborne, Sir D’Arcy, 261, 262

  Oscarborg Fortress, 181

  Oslo Fjord, 182

  Ostend, 228, 232, 233

  Oster, Hans, 209

  Ostmesse, 46

  Ostrog Monastery, 330–332

  Otnosovo, 346

  Ottawa, movement of gold to, 287, 291, 310

  Ottoman Empire, Morganthau, Henry, Sr., as ambassador to, 48, 159

  Oven, Wilfred, 330–331

  Oyer, 183

  P

  Pacelli, Eugenio, 260. See also Pius XII

  Paget, P.G. T., 187–188

  Papal States, fall of, 259

  Papen, Franz von, 33, 35

  recall of, 91

  Paris. See also France

  Popular Front government in, 229

  Paris Conference on Reparations (1945), 429

  Parr, Edith, 285

  Pascua, Marcelino, 16–17, 23

  Paserewski Park, 138

  Patton, George, Jr., 402

  arrival of Third Army in Spital am Pyrhn, 415

  discovery of German gold and paintings and, xv, xvi

  memoirs of, 405

  movement of Third Army of, across Germany, xiii

  responsibility for gold and, 401

  tour of death camp by, 405

  tour of Room #8, 404–405

  Pearl Harbor, Japanese attack on, 351

  Pearson, Frank, 52

  Peiβenberg, 421

  Pellegrini Giampietro, Domenico, xi, 369–370, 371, 372r />
  Penfentanyo, Hervé de, 273, 274–275

  Perkins, Sidney, 297, 298

  Pescatore, J. P., Fund, 228

  Pétain, Philippe

  government of, 236–237, 253, 256, 271, 307, 315

  meeting with Hitler, 324

  Peter II of Yugoslavia, 327, 330

  Peter the Great, 342

  Petrograd, 335

  Pfeiffer, Franz, 422, 423, 426

  Philby, Kim (code-named Söhnchen), 15

  Philip, Prince of Hesse, 96–97

  Philippstal mine, discovery of valuables in, 404

  Phillips, Sir Frederick, xi, 287, 288, 291–292, 293, 300, 302

  Phony War, 205, 270

  Pierlot, Herbert, 233

  Pilot Boat 19, 220, 221–222, 225

  Pilotti, Rafaelie, 366

  Piłsudski, Józef, 135, 138

  Pius XI, 259

  Pius XII, xi, 9, 209, 260, 261, 262, 268, 374

  meeting with Taylor, Myron, 263

  Place des Quinconces, 237

  Plan R4, 177

  Plant No. 171, 344

  Plauen, gold in, 410

  Pohl, Oswald, 357, 359–360

  Poison gas, British cabinet approval of, 322

  Poitiers, 234

  Poland

  close of border with Romania, 143

  demands for restitution, 430

  fall of, 163, 173

  German invasion of, 128, 129–149, 151, 155, 176–177, 241, 288, 300, 384

  gold of, 312

  fate of, 318–319

  German demands for, 136–149

  movement of, 136, 137–138, 176–177, 272

  in Hitler’s mind, 130

  inferior people in, 130

  military spending by, 135

  mutual defense treaty with France, 133, 134

  partitioning of, 130

  reestablishment of, by Versailles Treaty, 130

  Soviet control of, 429

  Polish Central Bank, gold ownership of, 136

  Polish National Bank, board members of, 273

  Polish National Railway, 138

  Pontaniou prison, 272

  Popular Front, 9, 11

  formation of, 9

  Portes, Helène de, 5

  Port Etienne, 309

  Port Lyautey, 309

  Portugal

  gold transfers from, 170

  Nazi gold and, 432, 442

  negotiations with the Allies, 432

  raw materials in, 39, 376, 383

  Salazar, António de Oliveira in, 9

  U.S. receipt of gold from, 170

  wartime activities of, 431

  Posey, Robert, 411

  Potenza, 366–367

  Potsdam meeting, 429

  The Power of Gold (Bernstein), 1

  PQ 11, 353

  Presidential Advisory Commission on Holocaust Assets, 432

  The Price of Glory (Schirach), 427

  Prices (Pearson and Warren), 52

  Prieto, Indalecio, 20

  Primauguet, 282–283

  Prior, William, 178

  Program to Prevent Germany from Starting a World War, 389

  Promontory Summit, 4

  Prussian Mint, 359, 397

  Prussian State Opera, 396

  Puaux, Gabriel, 146

  Puhl, Emil, xi

  attempt to sell Nazi gold, 418–419

  Bank for International Settlements and, 356

  gold deals with the Swiss, 379, 441

  on McKittrick, 380, 441

  running of Reichsbank and, 127, 169, 305, 356–357, 359–360, 370, 373

  as Schacht’s protégé, 121

  secret memo written by, 102–103

  visit to Sweden, 382

  Purvis, Arthur B., 162

  Pyrite, 383

  Q

  Qemali, Ismail, 198

  Quai de Laninon, 247

  Quai d’Orsay, 245

  Queen Mary, 165

  R

  RADAR, 323

  Radio Corporation of America, 78

  Radstadt, 418

  Raeder, Erich, 87

  invasion of low countries and, 173–174

  Rahn, Rudolf, xi, 364, 365, 366, 371

  Rajchman, Henryk, 139

  Rašín, Alois, 105

  Rauch, Friedrich Josef, xi, 419, 421, 423, 426

  Rave, Paul, xvi, 403

  Reconstruction Finance Corporation, 51

  purchase of gold mined in U.S. and, 54

  Reed, John, 336

  Reed, Robert, 400

  Reichenau, Walter von, 236

  Reichsbank, 118–128

  absorption of Austrian National Bank, 100–101

  Allied bombing of, 395, 397

  Czech National Bank turnover of gold reserves to, 111

  emptying of account in London, 113

  Funk, Walther, as president of, 394–395, 400, 401, 410

  gold holdings at the end of World War II, 443

  gold policy of, 36

  hiding of gold in, 69

  Precious Metal Department of, 101, 398

  Puhl and, 101, 121, 123, 127, 169, 305, 356–357, 359–360, 370, 373

  rumors on movement of gold, xiv

  under Schacht, Hjalmar, 77, 78–79, 81, 82

  Schacht’s desire to exit, 121–122

  Soviet interest in getting gold left at, 394

  as tempting bombing target, 394

  valuables left in vaults of, 411–412

  Reichsbank gold train, 420–421

  Reichskonkordat agreement, 260

  Reichsmark, value of, 28

  Reichstag, Göring election as president of, 62

  Reichswerke Hermann Göring, 68

  Reimer, Otto, 398, 402

  Reinberger, Hellmuth, 173

  Rennes, German capture of, 271

  Renoir, paintings by, 397

  Rentenmark, introduction of, 28–29

  Renthe-Fink, Cecil von, conquest of Denmark and, 178–179

  “Report on Recovery of Reichsbank Precious Metals,” 411

  Republicans in Spanish Civil War, 8, 9

  Reynaud, Paul, xi, 5

  Churchill, Winston, and, 177, 244–245

  French government of, 236–237

  German invasion of France and, 279

  purchase of American planes and, 163–164

  resignation of, 253

  Rheims, 401

  Rheinstahl, start of dummy company and, 42

  Rhineland, postwar control of, 389

  Rhine River, Allied army crossing of, xiii

  Rhodes, 367

  Ribbentrop, Joachim von

  desire for gold, 370, 372

  as Foreign Minister, xi, 40, 90, 95, 106, 110, 132, 145, 163

  Italian gold and, 364–365, 368

  on McKittrick, 380

  meeting with Pius XII, 261

  Stalin and, 151

  stolen gold and, 396, 410, 417

  Ribbentrop-Molotov Treaty (1939), 151–152

  Ricardo, David, 26

  Richelieu, 314

  Riga, 153

  Riyak, 146

  Robert, George, 256, 307

  Robles, José María Gil, 10

  Rohatyn, Felix, 5

  Röhm, Ernst, 62

  Roman Catholic Church, 259. See also Vatican

  in Spanish Civil War, 8–9, 10

  Romania

  Belgian gold in, 316

  close of border with Poland, 143

  fate of, 316

  move of Polish gold and, 142–143, 145

  Nazi development of natural resources of, 384

  oil in, 40, 326, 376, 384

  sales of Nazi gold and, 442

  sending of bullion to U.S., 164

  Soviet control of, 429

  wartime activities of, 431

  Romanian National Bank, Nazi gold at, 384

  Rome

  Allied invasion of, 363

  as open city, 364

  Rommel, Erwin, 242–243

&nbs
p; Romsdalshorn, 186

  Roosevelt, Eleanor, 392

  FDR’s affair with Mercer, Lucy, and, 54–55

  friendship with Morganthau, Elinor, 49

  Roosevelt, Franklin D., xi, 47–59, 251

  affair with Mercer, Lucy, 54–55

  arms sales and, 160, 241

  as assistant secretary of the navy, 48

  blocking of gold transfer by, 154

  on buy up of raw materials, 165–166

  cabinet of, 159

  campaigns for NY governor, 49

  Cash and Carry program and, 166

  Chamberlain and, 288

  Churchill, Winston, and, 300, 301–302

  death of, 392, 406

  decline in health of, 389

  disdain for gold and international financial cooperation, 52–53

  in election of 1932, 50

  fireside chats of, 54

  Foreign Economic Administration of, 389

  French war effort and, 279

  friendship with Morganthau, Henry, Jr., 47, 49, 50, 159

  German attack on Russia and, 339

  gold policy of, 54

  gold standard and, 52

  hundred-day program of, 54

  inauguration of, in 1933, 52

  luncheons with Morgenthau and, 336–337

  meeting with Churchill in Quebec, 389–390

  Morgenthau’s concerns over international issues, 161

  New Deal of, 44, 153

  personality of, 47

  post-war policy toward Germany, 389

  purchase of gold and, 55–56

  on reason for having gold, 438

  Russia and, 336

  sale of American weapons and, 241

  Schacht and, 41

  sending of Lend-Lease into law, 305

  stabilization of dollar and, 53–54

  unhappiness of, with Bank for International Settlement, 380–381

  Vatican and, 259–268

  voice recording system used by, 57

  Roosevelt, Franklin D., Presidential Library, 57

  Roosevelt, Theodore, administration of, 50

  Rooth, Ivar, 167–168, 381

  Rosenberg, Marcel, 13–14, 18–19

  Rosenberg-Lipinsky, Hans Alfred von, 4250

  Rosenburg Island, 220

  Rostock, storage of records in Merkers, 396

  Rotterdam, 210, 211–212

  gold bullion in central bank at, 207, 208

  Rouyer, Rear Admiral, 247–248

  Royal Air Force, 322, 323

  Royal Bank of Canada, 250

  Royal Dutch Steamboat Company (KNSM), 214

  Royal Palace of Laeken, 236

  Royan, 276

  Rubber, German need for, 165

  Rueff, Jacques, 293–294, 436

  Ruge, Otto, 183, 187–188

  Rüger, Heinz, 425

  Ruhr, postwar control of, 389

  Rundstedt, Gerd von, 205, 242, 248

  Russell, Lt. Col., discovery of German gold and paintings and, xiv–xvi

  Russia. See also Soviet Union

  civil war in, 335–336

  gold production in, 334, 437

  Napoleon’s invasion of, 339

  natural resources in, 334–335

  Russian Revolution, 14, 131, 335, 337, 342

  Russo-Polish war, guerilla operations during, 14

 

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