German Economists Call for Repatriation of Gold Reserves from US Vaults Over Geopolitical Concerns
By
vinni2
4mo ago· 4 min readenNews
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Summary
German economists are calling for Germany to repatriate its gold reserves from US vaults due to concerns about transatlantic relations and the unpredictability of Donald Trump's administration. Germany holds the world's second largest gold reserves, with approximately €164 billion worth (1,236 tonnes) stored in New York. Experts argue it's too risky to keep such significant assets in the US under current geopolitical conditions.
Key quotes
· 4 pulledGiven the current geopolitical situation, it is too risky to store so much gold in the US
Germany holds the world's second biggest national gold reserves after the US
approximately €164bn worth – 1,236 tonnes – is stored in New York
the shift in transatlantic relations and the unpredictability of Donald Trump
Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts
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