Germany pressed to reclaim €164B in gold from New York vaults amid geopolitical jitters

1 min read
Source: Boing Boing
Germany pressed to reclaim €164B in gold from New York vaults amid geopolitical jitters
Photo: Boing Boing
TL;DR Summary

Germany faces calls from lawmakers to repatriate about €164 billion worth of gold stored in the Federal Reserve vaults in New York, citing geopolitical uncertainty and the Trump administration. While half of Germany’s gold is already held domestically, and some repatriations occurred between 2013 and 2017, officials argue the central bank should reassess its long-standing practice for strategic independence and security.

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