Germany's gold reserves have been stored in the US for decades. Some think they should be brought back. With US President Trump breaking up the rules-based world order, they fear he could seize the gold.
The gold Germany repatriated years ago was not the gold they stored. I would safely assume Germany’s gold is not there any longer, and all Germany can get is replacement gold of the same amount and quality (hopefully).
If I were a German central banker, I’d demand it back right now. it’s safer in Frankfurt than in New York for sure.
The gold Germany repatriated years ago was not the gold they stored. I would safely assume Germany’s gold is not there any longer, and all Germany can get is replacement gold of the same amount and quality (hopefully).
If I were a German central banker, I’d demand it back right now. it’s safer in Frankfurt than in New York for sure.