US Edition'Repatriate The Gold': German Economists Urge Withdrawal From US Vaults
32 Articles
32 Articles
Germany urged to repatriate €164bn worth of gold held in US vaults as Trump’s unpredictability makes deposits ‘too risky’
Germany has been urged to withdraw more than €160bn worth of gold from US vaults because Donald Trump’s unpredictability has made the deposits too “risky”.
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'Repatriate The Gold': German Economists Urge Withdrawal From US Vaults
'Repatriate The Gold': German Economists Urge Withdrawal From US Vaults Authored by Kate Connolly via The Guardian, Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts Germany is facing calls to withdraw its billions of euros’…
German economists are urging the government to move the country's gold reserves out of the U.S. There are 1,236 tons of German gold worth 164 billion euros (3.4 trillion crowns) stored in New York. Economists say keeping German gold in the U.S. is too risky given the current political tensions and instability associated with President Donald Trump.
Germany urged to pull €164B in gold from U.S. vaults
Germany is facing pressure to withdraw its gold reserves from American vaults over concerns about the unpredictability of the Trump administration, reports the Guardian. Marie-Agnes Strack-Zimmermann, chair of the European Parliament's Committee on Security and Defense, is calling for the return of Germany's gold: "In times of growing geopolitical uncertainty and amid the unpredictability of US President Trump's policies, there is no longer any …
Leading German economic thinkers are calling for the gold stored across the Atlantic to be brought home.
How safe is the gold of the Deutsche Bundesbank – Germany's central bank – still in the United States? After all, the Federal Reserve's vaults in New York hold nearly 40 percent of Germany's gold reserves, worth 164 billion euros. And after this turbulent international week, German economists and politicians are increasingly questioning whether it wouldn't be better to return the gold to Germany.
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