The Americans knew the currency and gold were in the area and were looking for it.

An estimated $151 million was sent to Bavaria, specifically the Alpine resort town of Mittenwald, where it eventually was hidden away in a remote mountain lodge.

The German south became the repository of the rest of the Nazi gold, hidden away in mines, houses and mountains, just to name a few places. What was left of the Reichsbank reserves were spread out in branches across Germany.

That wasn’t all of Germany’s gold bullion, however. Before his forces captured Merkers and the money hidden in the mines, the Germans moved some of the contents, but much of it was captured by the Americans and moved to Frankfurt. George Patton’s Third Army launched a surprise attack that tore through the Nazi defenses.

Also in the mine were Germany’s paper currency reserves, pilfered works of art, stolen gold and silver from death-camp victims, and the captured currency from other nations. Not all of it was in Berlin that day, but there was enough of it that the German government was compelled to move the gold to a potassium mine in Merkers, Germany, for safekeeping.

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