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25.01.26 - 15:24
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′Repatriate The Gold′: German Economists Urge Withdrawal From US Vaults (ZeroHedge)
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'Repatriate The Gold': German Economists Urge Withdrawal From US Vaults
Authored by Kate Connolly via The Guardian,
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.
Emanuel Mönch, a leading economist and former head of research at Germany's federal bank, the Bundesbank, called for the gold to be brought home, saying it was too “risky” for it to be kept in the US under the current administration.
“Given the current geopolitical situation, it seems risky to store so much gold in the US,” he told the financial newspaper Handelsblatt.
“In the interest of greater st...
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24.01.26 - 09:06
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′Repatriate the gold′: German economists advise withdrawal from US vaults (The Guardian)
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Shift in relations and unpredictability of Donald Trump make it 'risky to store so much gold in the US', say expertsGermany 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. Continue reading......
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