Europe@feddit.orgEnglish · 16 hours ago

‘Repatriate the gold’: German economists advise withdrawal from US vaults

www.theguardian.com

cross-posted to:
world@lemmy.world

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‘Repatriate the gold’: German economists advise withdrawal from US vaults

www.theguardian.com

Riddick3001@lemmy.world to

Europe@feddit.orgEnglish · 16 hours ago

cross-posted to:
world@lemmy.world

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.

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15 hours ago
Spread of risk was probably the reason. It is supposed to be the best secured place/ vault in the world. But since the Orange menace…nothing is.

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