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’ worth of gold from US vaults, spurred on by the shift in transatlantic relations and the unpredictability of Donald Trump.
Germany holds the world’s second biggest national gold reserves after the US, of which approximately €164bn (£122bn) worth – 1,236 tonnes – is stored in New York.
Emanuel Mönch, a leading economist and former head of research at Germany’s federal bank, the Bundesbank, called for the gold to be brought home, saying it was too “risky” for it to be kept in the US under the current administration.
HAHAHA they still think its there. Wasn’t it about a decade ago Germany wanted to see it and America said no.
“OUR GOLD, at this time of year, at this time of day, localized entirely to your vaults?”
“Yes!”
“Can I see it?”
“No.”
And now!?!!?! Of all times, they should have done it on Biden’s presidency. Does anyone believe Trump will just agree like that. The guy is going to use it as hostage.