At the end of the war, the gold and some of the money of The Third Reich was still at the Reichsbank in Berlin. Reichsminister Funk, after talking to Schacht and Bormann, decided to bring this (together with some papers listing the people who had received money and valuables and were responsible for them) to Austria. The convoy carrying the gold and money left together with a convoy that was bringing the counterfeit money from operation Bernhard to Lake Toplitz. The convoy with the Reichsbank gold went to the Mittenwald, in the south of Bavaria. Funk was arrested before the gold had reached its destination.
Kaltenbrunner and Von Ribbentrop took delivery of the goods at an Alpenjäger barracks while the escorts conferred with the local head forester Karl Feldmann about a good place to hide the gold. Karl Feldman took down what he saw:
Feldman decided that the region around Einsiedel, north of the Mittenwald, would be the best place to hide the treasure. Kaltenbrunner and Von Ribbentrop agreed.
The treasure was unloaded in front of Mantler's houde in Einsiedel, a small town in the South of Bavaria on the shore of the Walchensee. Mantler was the local leader of the NSDAP. The region was sealed of by Otto Skorzeny's troups and the gold was hidden in and around Einsiedel. The local people witnessed young soldiers walking into the mountains with heavy backpacks and returning without them, like they did in the Totesgebirge (See also Altaussee).
After the war, Karl Feldmann was interrogated and lead the Americans to 10 crates of platinum, buried under a dirt heap behind his house. The rest of the treasure still hasn't been found.
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