The publication notes that Germany has a second largest gold reserve in the world after the United States – 3375 tons (270 thousand ingots of 12.5 kilograms each). Currently, its cost has reached a record € 280 billion. For decades, Berlin stored 1,200 tons of its gold reserves in the U.S. Underground Storage in New York. So it was done to be able to direct gold exchange for US dollars in the event of a crisis (war, natural disaster, currency collapse, etc.).
However, in the conditions of the unfolding trading war, begun by Trump, disputes rise, whether the entire supply should be stored in German storage facilities, writes Bild. It is noted that German politicians concern the uncertainty of whether Germany can still rely on the United States under the American president friendly to the Kremlin.
High-ranking persons from the conservative party of the Christian Democratic Union (CDU) note that Washington is no longer a reliable partner, the publication says. The German politician, a member of the Party of the CDU Marco Wanderwitz, told the publication that the time had come to “raise this issue.” He has long advocated for a policy that will allow German officials to regularly check gold, or completely completely remove it, writes Bild. Previously, he already called for visiting gold reserves in the United States and personally inspecting them, but his request was rejected back in 2012.
Marcus Ferber, a member of the European Parliament from the CDU, said that he also advocated the permission of German officials to personally and regularly check gold bullion.
Michael Yeger from the European Association of Taxpayers said that Bundesbank and the German government should immediately remove German gold from the United States.
