Requirements are raised in Germany: Gold home from the United States!
Since the Second World War, Germany has left its trade surplus with the United States – in the form of a gold reserve in the Federal Reserve Bank in New York. It consists of 1,236 tonnes of gold bars, worth € 113 billion and has not been checked since the Second World War.
After all, you have trusted each other. But after Donald Trump himself expressed doubt as to whether the US gold reserve remains, German politicians and decision makers have raised their voice for Germany to take home the gold.
– Bundesbank and the government must show foresight and immediately retrieve the German gold from the United States. At a time when Berlin and Brussels discuss huge new loans, emergency situations may arise. Then we need eye beet access to all gold reserves, Michael Jäger tells Photo. He is chairman of the European Taxpayers’ Union, with a total of over one million members throughout the EU.
Jäger requires In addition, the gold bars to be in the Bank vaults in New York are calculated. Subsequently, transported to Germany. He is supported by Christian Democratic elected people in the Bundestag.
– I demand that we regularly check the German gold reserve. The German Confederation Bank must personally count the ewe and document the result, says Markus Ferber to the picture. He sits on the Bundestag for the Christian Democratic CDU.
The question is In fact, not new. CDU’s former Federal Day Member Marco Wanderwitz already tried to see and control the country’s gold reserve abroad in 2012.
« Either we must regularly count or also retrieve the gold, » Marco Wanderwitz said, according to picture.
Over half of the total German gold reserve is in Frankfurt (1,710 tonnes). 1,236 tonnes are located in New York and the rest of the Bank of London, according to Stern.
The fact that a country has part of its gold reserve outside the country is normal. It is a way to secure its property in a crisis situation, as it allows you to quickly switch gold to hard currency if necessary.
Of course, the government in Berlin could never have imagined that the United States – a close ally since the Second World War – would suddenly be an uncertain place for a gold reserve. Outwardly, however, German Bundesbank is trying to keep good mine. When Politico asked for a comment Bundesbank’s director Joachim Nagel emailed the bank a previous statement from February. There, Nail says he is not sleepless at night because of the German gold reserve.
« I have complete confidence in our colleagues at the US Central Bank, » Nail said.
That’s something As nail must say. As long as the gold is in New York, it is not a place to spread suspicions.
Politico points out that otherwise it is usually populists – not established German politicians – who express doubts about gold reserves. Concerns in Germany have originally been started by Trump and his assistant Elon Musk themselves, after they expressed doubt About the US gold reserves in Fort Knox remains.
