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Nazi Gold: The Full Story of the Fifty-Year Swiss-Nazi Conspiracy to Steal Billions from Europe's Jews and Holocaust Survivors
 
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Nazi Gold: The Full Story of the Fifty-Year Swiss-Nazi Conspiracy to Steal Billions from Europe's Jews and Holocaust Survivors [Hardcover]

Tom Bower (Author)
2.8 out of 5 stars  See all reviews (5 customer reviews)


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Book Description

April 1997
In the 1930s and 1940s, as Nazi Soldiers Goose-stepped across Europe, thousands of Jews looked to Switzerland for help. A bastion of neutrality, Switzerland seemed the ideal place to entrust with their life savings while they faced Hitler's genocidal fury. But after the war, the survivors and heirs of those Jews who trusted Swiss bankers, lawyers, and insurance companies to safeguard their savings found themselves rebuffed, lied to, or simply ignored. The banks either claimed the accounts did not exist or that ownership could not be proven, or they demanded official death certificates -- something not found in the crematoriums of Auschwitz, Dachau, Treblinka, or the other death camps.

Nazi Gold is the first book to offer compelling evidence that Switzerland's most senior government officials and financial institutions conspired to keep billions in gold, jewelry, cash, and securities from the surviving heirs. Through exclusive interviews with sources in Argentina, England, France, Germany, and Switzerland itself, investigative journalist Tom Bower has unraveled the twisted trail of this conspiracy. Historically accurate and exhaustively researched, Nazi Gold documents this scandal in what is surely one of the most powerful books of the year.


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Editorial Reviews

Amazon.com Review

The 1945 Allied victory in Europe ended the military and political might of the Third Reich, but its financial power lives on in the secret vaults and numbered accounts of Swiss banks. In Nazi Gold, author Tom Bower uncovers the sordid lengths to which Swiss bankers went after the war to protect the plundered wealth hidden in their coffers. Switzerland's excuse for even accepting Nazi gold is a plausible one: in order to maintain their status as a neutral country, they were forced to deal equally with all sides. This does not, however, explain their postwar reluctance to return hundreds of millions of dollars of stolen wealth to central European banks or even to Holocaust victims as a means of restitution.

In this well-researched book, Tom Bower revisits the years following the war's end, focusing on the unholy alliance between Swiss bankers and Nazi sympathizers. He leaves no doubt as to the bankers' motives for maintaining secrecy: they were setting a precedent for potential customers in need of safe refuge for other looted fortunes. Finally, he chronicles the United States' overwhelmingly ineffective attempts to force the Swiss to disgorge the Nazi millions. Nazi Gold is certain to raise the hackles of the Swiss banking industry, but Tom Bower has bravely tackled a complicated topic.

From Library Journal

Switzerland is painfully coming to terms with its treatment of Jews during and after the Holocaust, exploding the myth of its neutrality. British journalist Bower (The Paperclip Conspiracy, LJ 12/87) culled information from British, U.S., and Swiss archives to combine with the latest-breaking news of the Swiss banks' bad behavior toward Holocaust victims and their heirs. Unfortunately, the details of negotiations among various countries become tedious, and Bower doesn't restrain his contempt for the Swiss. He is more effective in relating the victims' stories, like that of Charles Sonabend, whose parents were deported by the Swiss to face transport to Auschwitz. This work explores an aspect of the Holocaust that received little attention until now; well recommended for those who want to know the background of this breaking story.
-?Randall L. Schroeder, Wartburg Coll. Lib., Waverly, Ia.
Copyright 1997 Reed Business Information, Inc.

Product Details

  • Hardcover: 400 pages
  • Publisher: Harpercollins; 1st edition (April 1997)
  • Language: English
  • ISBN-10: 0060175354
  • ISBN-13: 978-0060175351
  • Product Dimensions: 9.7 x 6.7 x 1.6 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 2.8 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #269,798 in Books (See Top 100 in Books)

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Average Customer Review
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13 of 17 people found the following review helpful:
2.0 out of 5 stars Great beginning but tedious reading afterwards, April 11, 2004
By 
Brandon (Oakton, VA United States) - See all my reviews
I really hate to criticize another man's work, but when buying a book is involved, the reader should know what he's getting into before he invests his time & money in it. That being said, I think Mr. Bower put a lot of time and effort into this book, and it shows with the numerous first-rate sources he quotes from. Unfortunately, the story itself could have been presented in a more user-friendly manner. I found the first 100-150 pages fascinating--I had no idea how sympathetic the Swiss were with the Nazis and how they turned their backs on the Nazis' victims. What was even more appaling was the Swiss behavior after the war: refusing to give back the looted money, heirless assets or even acknowledge they did anything wrong. But the 50 years between the war's end and the book's end could be summed up in one sentence: people asked the Swiss to right their wartime wrongs and the Swiss refused. Maybe it's because I never cared for legal dramas but it just seemed like he went on and on, page after page of American accusations and Swiss denials. It made the book a difficult read and not something I looked forward to opening again. At the same time it is a little biased--it is told primarily from the "crusaders'" point of view. Very rarely does he flesh out Switzerland's position or make enough distinction that this was mostly a crime of the Swiss Bankers and not the Swiss Government or the citizens themselves. Even so, it is difficult to have any pity for the Swiss after reading this, and you will cringe anytime you hear the words "Swiss neutrality." The Swiss were hardly neutral in the war. However, the book did have one positive side--by the time you get to the last chapter you are so frustrated that you are genuinely mad at the Swiss and feel a personal sense of justice when they are willing to own up to their actions. Unfortunately the book ends abruptly and you don't get a true feeling of resolution...but at the same time I'm glad I learned a lot about this often-forgotten chapter of the 20th century. However, I think there are many other books on the subject that should be looked at first...with all due respect to the author.
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10 of 13 people found the following review helpful:
4.0 out of 5 stars Surprising, Well-Written Expose Of Swiss Complicity In WWII, June 12, 2002
By 
Barron Laycock "Labradorman" (Temple, New Hampshire United States) - See all my reviews
(HALL OF FAME REVIEWER)    (REAL NAME)   
Over the last decade much has been written regarding the wanton theft of money, precious stones and metals, and other treasures and loot during the Second World War by both the Nazis and the Swiss bankers who helped finance the German war effort. This interesting and fact-filled book by author Tom Bower details the horrifying facts surrounding the multitude of ways in which Jews and other victims of the Nazi regime were fleeced, both by the Nazi authorities in the first place, and then by a plethora of other villains after the fact. Particularly distasteful are the ways in which victims of the Holocaust were manipulated, tricked, or forced into giving all they had in an attempt to save themselves and their families, only to find they were both swindled of the valuables in the first place, and then betrayed and sent to the death camps after so doing. On many levels then, this is a shocking account of the plethora of ways in which those lost in the Holocaust were victimized.

The primary story here is the well-documented system developed and employed by the Swiss banking systems to garner the money deposited by Jews and other potential victims attempting to flee fascism, and to then safeguard it against any and all attempts to withdraw the money by the legitimate survivors of those victims. At base, this is the story of the craven and deliberate theft of what is most likely many billions of dollars by the Swiss, who have stonewalled attempts to give some kind of accounting for the money and other valuables left behind by the Holocaust victims. It is, by the way, also the story of a small group of dedicated lawyers, accountants, and other professionals to force the Swiss into accounting for the money and compensating the families of the victims, even though it is clear that there is no way all of the money can ever be accounted for, or, for that matter, ever returned.

Given this situation, then, what his book represents is the last grisly chapter in the history of the Holocaust, a chapter in which memories and dignities are shattered and held up to ridicule by bankers more interested in their own financial gains than in a fair accounting of the facts. Bower provides a stunning description of the truly despicable behavior displayed by the Swiss, and their nefarious role in denying victims' families knowledge about or access to any of the funds left in their care. He also describes a wide variety of ways in which the Swiss betrayed their pose of studied neutrality during the war by actively providing goods, materials, and money to the Germans, all of which aided and abetted the German war effort against the Allies. This book is scrupulously researched, meticulously documented, and carefully described, and as a result gives the reader a much better appreciation for the true nature of Swiss involvement was both during the war and thereafter. This is an interesting and worthwhile book, and one that I recommend to students of 20th century history. Enjoy!

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12 of 16 people found the following review helpful:
4.0 out of 5 stars Well written, but a little drawn out., May 14, 2000
Bower writes a good book. The first 150 pages are very interesting. Here, Bower deals with Swiss complicity with Nazi Germany. The Swiss sold to Nazi Germany nearly a billion dollars in armaments, ballbearing and other materiel to support the German war machine. As a result, the Swiss may have prolonged the war by supporting the hard pressed Nazi war machine. In addition, we see what slimy, robber barons the Swiss bankers were. Jews, whose family members had accounts in Swiss banks (and whose parents died in the camps) find themselves turned away by callous Swiss bankers. We also learn how the Communists in Poland tried to gain capital by claiming the funds of Polish Jews who perished in the Holocaust. The Polish Communists, who would persecute Jews and expel their Jews in the 60's still wanted their cash! So, this and many other interesting points come out. Still, after about 150 pages, the book drags. Accordingly, I would read the first 150 pages. Then I would skip to the end to of the book to read about Edgar Bronfman's efforts on behalf of Jews who had money in Switzerland. Overall, a well researched book on the perfidities of the Swiss banks, but a little too long. Last but not least, this book convinced me (someone who was initially against going after the Swiss Banks, and a Jew for that matter) that the Swiss Banks should be held accountable for these crimes, and should pay some amount of restitution. Whether the survivors will get a cent after taxes and legal fees is another matter.
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