Calls are increasing within Germany to reduce reliance on US vaults for storing national gold reserves. Economists warn that political unpredictability could pose future challenges.
Germany stores over one-third of its gold in New York, a legacy of post-war financial arrangements. This strategy was once seen as a safeguard against regional crises.
Critics argue that today’s risks are different, driven more by political uncertainty than military threats. They say domestic storage would offer greater control.
Supporters of the current system note that international storage enhances flexibility and trust among allies. They insist there is no immediate danger to Germany’s assets.
As the debate continues, officials maintain that Germany’s gold remains secure and regularly audited. No formal decision has been announced.