Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts

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.

  • Notso@feddit.orgEnglish
    91·
    18 hours ago

    Dear Friedrich:

    Considering your Country decided not to join my Great Board of Peace, the greatest Global institition for Peace ever, I no longer feel any obligation to hand over your gold reserves, which by the way would look much better in my Ballroom anyway, which will be the most prestigious and BIGGEST Ballroom there ever was in History.

    Germany cannot protect that Gold from Russia or China and there are no written documents, it’s only that some guy with a funny accent delivered some gold a while ago and we kept it so why do you have a “right of ownership” anyway?

    I have done more for Gold than any other person since it was invented, like thousands of years ago, and now, GOLD should do something for me.

    Thank you for your attention to this matter!

    President DJT