Germany, Italy Gold Repatriation: Concerns of Theft, US Trust
Germany and Italy are facing calls to repatriate a combined $245 billion in gold stored in the Federal Reserve due to concerns over the safety of their reserves. Politicians and advocacy groups are worried about the potential impact of US political interference, particularly given former President Trump’s criticism of the Federal Reserve. Germany and Italy hold the second and third largest gold reserves globally, with significant portions stored in the US, prompting calls for increased financial sovereignty. These concerns are amplified by worries about the Federal Reserve’s independence and the perceived risks associated with storing gold abroad under the current political climate.
John Q. Hosedrinker