US EditionTrump 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
kreiszeitung.de
High costs, expensive energy, a lot of bureaucracy - many see Germany on the descending branch. But the verdict of foreign companies is not so bad at all, a global study shows.
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...
The security of German gold reserves deposited abroad, especially in the United States, has returned to the centre of public debates once with Donald Trump's return to the White House. The topic, previously supported only by the extreme right party and investors that are at a constant increase in the gold price, has become a concern for top-level politicians, media institutions and civil society. The item is without Germany, which is no longer t…
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