Germany’s Gold: Economists Urge Withdrawal from US Amid Concerns
Concerns have been raised in Germany regarding the safety of its gold reserves stored in the United States, prompting calls for their repatriation. The Bundesbank currently stores a significant portion of its €450 billion gold reserves, including 1,236 tonnes worth approximately €164 billion, in New York. Economists and politicians express concerns about the geopolitical risks under the current US administration, citing the need for greater strategic independence from the US. While some experts advocate for the relocation of the gold as a measure of safety, others warn against the move due to potential unintended consequences, and the Bundesbank maintains there is no cause for concern.
John Q. Hosedrinker