And so in the present difficult budgetary situation there is no lack of suggestions on how this asset could be used. The Bundesbank decides on gold sales in accordance with the gold agreement it concluded with the other G-10 central banks.
The use to which the valuation gains realised from possible gold sales is put is decided by Parliament within the framework of the statutory regulations governing the use of the Bundesbank’s profit. BIS Review 29/2004  3  It is only the realised valuation gain that can be distributed.