“The security of German gold reserves stored abroad, in particular in New York, which until recently was the subject of discussion mainly among the far -right party and bruise lovers, became the subject of public debate after the return of Donald Trump to the White House,” reports Reuters.
The agency points out that The German central bank has a second largest gold resource in the world, of 3352 tons. One third of them is stored in the Fed treasury in New York. There are also gold reserves in the USA belonging to Poland, although we also share them with the treasury in Great Britain.
Reuters writes that This week, the German Federation of Taxpayers sent letters to the Bundesbank and the Ministry of Finance, calling for recovering gold stored in the United States.
“Trump wants to control the Fed, which would also mean control over German gold reserves in the US,” said agency Michael Jaeger, vice president of the Federation of Taxpayers. “This is our money, they should be brought back.”
Markus Ferber, an influential member of the European Parliament on behalf of the Christian Democrats in Germany, said that the United States “is not such a reliable partner as it used to be.”
“Trump is unpredictable and it cannot be ruled out that one day he will come up with creative ideas on dealing with foreign gold reserves” – he said.” Bundesbank's policy in the field of gold reserves must reflect the new geopolitical reality, “he added.
Public TV stations ZDF and ARD have also recently published reports in which they ask how safe German gold in New York is.
The German central bank calms down: “We have no doubt that the Fed in New York is a trustworthy, a reliable partner in storing our gold resources.”
“Any suggestions that Germany can consider moving gold from New York would be politically sensitive because they could be interpreted as a lack of trust in the federal reserve and its independence,” Reuters points out.
