German Concerns Over Gold Reserves in the US
17
World
March 31, 2025 15:35
brussels - Tensions rise as Germans demand return of gold reserves from the US due to geopolitical uncertainties. Europe's gold reserves in New York Federal Reserve under scrutiny.
German Demands for Return of Gold Reserves
German newspaper Bild reports growing concerns over Europe's gold stored in the New York Federal Reserve amid EU-US tensions.
Key Points:
- Germany holds 270,000 gold bars, with over a third in the US.
- Escalating EU-US trade war and doubts over gold location raise worries.
- European gold reserves in the US highlight risks during international crises.
Transparency and Security Concerns
Recent doubts over gold reserve management under President Trump spark worries about safety and transparency. Elon Musk's proposal for Fort Knox inspection adds to uncertainties.
Future of European Gold Reserves
Geopolitical tensions prompt reevaluation of gold storage in the US. Policy makers emphasize careful management amid global financial changes.
Call for Action in Germany
German voices, including Michael Jäger, urge swift action to secure gold reserves in Europe amidst shifting global powers. Bundesbank maintains trust in the New York Federal Reserve.
The debate in Germany may influence other European nations given its significant gold holdings.