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.

  • trollercoaster@sh.itjust.worksEnglish
    24·
    14 hours ago

    As /u/HowRu68@lemmy.world said, spreading the risk. During the Cold War, there was a real risk of West Germany being overrun within a week in case of an all-out Soviet invasion. In order to prevent all of the gold reserves being lost in that case, Germany chose to store significant parts of it abroad.