Nazi Gold Essay

1448 words - 6 pages

Nazi Gold

It is the last great mystery of World War II: the unfinished, unprecedented search for what may be billions of dollars in cash, gold, property, and art hidden and unclaimed by victims of the Holocaust – or plundered by the Nazis and their accomplices before shipping Jews to the death camps.

In 1938 Nazi Gestapos raided the homes of over 10,000,000 innocent Jews. Their houses were thrashed, possessions were stolen, and lives were torn for the benefit of “one superior race.” None of these people ever received compensation for their misfortunes, but most of all they never regained their lives. They had switched their bank accounts to the neutral country of Switzerland. This was to ensure their money was still theirs, if by some chance they survived the terror known as the Holocaust. When all Jews were forced into mandatory concentration camps that money mysteriously fell into the hands of Swiss bank officials. The very few Jews that did survive the deathly concentration camps, were denied the hard earned money that was in the Swiss banks. These people have been fighting fifty years with bank officials to find if Switzerland still had their money. It has now become evident that billions of dollars are left in Swiss banks. Of these billions of dollars the few that survived the Holocaust have never seen a penny. These victims deserve the money they earned years ago. The families of those whose lives were taken deserve to get compensation for their ancestors. Holocaust victims and families of dead Holocaust victims must get compensation for being terrorized.
There are millions of dollars worth of Nazi gold in the United States and Great Britain, but most gold is stored in Switzerland. Two countries that were firmly against the dictatorship that was going on in Germany, took millions of dollars of stolen gold from that same country. The United States and Great Britain are said to have gold hidden in their central banks that was looted by Nazis , but Switzerland was the main destination for gold from the looting of the Nazis.
For years, Swiss bankers have denied having anything but minimal amounts of Nazi loot and unclaimed Jewish accounts in their vaults. “There’s been a 50 year campaign of dissembling,” says Edgar Bronfman, the business mogul and president of the World Jewish Congress (WJC), who leads the search for the hidden assets .

Over 50 years have passed and Switzerland has claimed they have minuscule amounts of Holocaust victims money. It wasn’t until someone dug very deep into Swiss banking archives known as the JAG files that the truth was found.
In one of those boxes, she found a copy of the Socié#233 Gé#233rale de Surveillance, a Geneva banking association. It listed names of Jewish nationals from Eastern Europe who had put their money into Swiss banks, with the amounts of their deposits. Translated into dollars and adjusted for inflation, the total came to about $20 billion.

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