Germany is considering moving a large portion of its gold reserves out of a vault in New York due to concerns over Donald Trump’s unpredictable policies. For decades, around 1,236 metric tons of gold—worth approximately €113 billion—have been stored deep under Manhattan at the US Federal Reserve. This arrangement was originally seen as a smart way for Germany to ensure quick access to US dollars during a financial crisis.
Now, some German lawmakers are considering whether it’s still wise to keep so much gold abroad. They are pushing for more transparency and even exploring the idea of bringing the gold back to Frankfurt. While the Bundesbank still trusts its partnership with the US Federal Reserve, the rising debate shows a shift in thinking about national control and the safety of foreign-held assets.
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