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.

  • JensSpahnpasta@feddit.orgEnglish
    3·
    8 hours ago

    That’s one of those things the US profits from on which is getting destroyed by Trump. It’s a great thing to have other countries conducting their trade with their gold reserves in your currency in your country. Trump is destroying exactly that trust that enabled that and if trust is gone, it’s hard to reestablish again