Trump spurs questions about safety of Germany's gold in New York
- Germany's central bank, the Bundesbank, holds 3,352 tonnes of gold, with about one-third kept in New York at the Federal Reserve, a practice that dates back to the Cold War era.
- Recent tensions between U.S. President Donald Trump and key allies, along with his criticism of the Federal Reserve, have reignited discussions about the security and location of Germany's gold reserves.
- Calls from Germany's Taxpayers Federation, right-wing AfD, and mainstream voices urge repatriation of the gold, while the Bundesbank maintains regular inspections and trusts the New York Fed.
- Michael Jaeger expressed concern that Trump's desire to influence the Federal Reserve could extend to managing Germany's gold reserves stored in the United States, while Markus Ferber criticized the U.S. for no longer being as dependable as in the past.
- The renewed scrutiny suggests Germany must consider diversifying gold storage locations to reflect current geopolitical risks and maintain confidence domestically.
29 Articles
29 Articles
Germany moved gold to New York amid Cold War fears
US holds world’s largest gold reserves with over 8,100 tonnes
The United States (US) holds the world’s largest gold bullion reserves – an estimated 8,134 tonnes of gold, according to the World Gold Council as of the third quarter of 2024. That’s significantly more than other major economies like Germany, Italy, France or China. Most of that gold is held under tight security in the country’s most secure vaults, including the famous Fort Knox. Fort Knox, built in 1936, currently holds around 147.3 million ou…
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The security of Germany's gold reserves in New York has increasingly been the subject of public debate since Trump's return to the White House.
German taxpayers are asking the German government to bring back its own gold reserves from New York. Storing gold in the US is no longer seen as a logical choice.
The security of Germany's gold reserve, preserved above and first in New York, and so far was a subject of discussion only for the extreme right party and investors that mix...
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