Trump's presidency triggers "security anxiety," Germany considers "withdrawing" 3,300 tons of gold reserves from New York
With Trump's return to the White House, Germany has raised widespread concerns about the safety of its 3,300 tons of gold reserves in New York. The German central bank holds the second-largest gold reserves in the world, with one-third stored in New York. Right-wing parties are calling for the gold to be repatriated, believing that Trump may influence the independence of the Federal Reserve. The German Taxpayers' Association has written to the central bank and the Ministry of Finance, requesting the gold to be moved back. This issue has sparked doubts about the reliability of the United States as a partner
According to reports, as Donald Trump returns to the White House, the security of Germany's overseas gold reserves (especially the portion stored in New York) is evolving from a fringe topic among far-right parties and gold enthusiasts to a focal point of public discussion.
The German central bank (Deutsche Bundesbank) holds 3,352 tons of gold, making it the second-largest gold reserve holder in the world, with one-third stored at the Federal Reserve Bank of New York. These reserves have previously sparked occasional scrutiny, and the far-right party Alternative for Germany (AfD) has been calling for the repatriation of gold.
Trump's conflicts with long-time allies over trade and security issues, along with his criticisms of the Federal Reserve, have recently brought this topic back into focus, attracting more attention from mainstream commentators. It is reported that the German Taxpayers' Association has written to the German central bank and the Ministry of Finance this week, urging the repatriation of gold stored in the United States.
Michael Jaeger, vice president of the Taxpayers' Association, stated, "Trump's attempts to control the Federal Reserve also mean potentially controlling Germany's gold reserves in the U.S. This is our property and should be brought back."
Markus Ferber, a senior European Parliament member from the ruling Christian Democratic Union in Germany, remarked that the U.S. "is no longer the reliable partner it once was." He stated, "Trump's actions are unpredictable, and we cannot rule out the possibility that one day he will propose a 'creative' solution regarding foreign gold reserves. The gold reserve policy of the German central bank must reflect the new geopolitical realities."
German public broadcasters ZDF and ARD have also recently aired reports questioning the safety of Germany's gold in New York. The reports pointed out that any suggestion that Germany might consider moving gold out of New York is politically sensitive, as it could be interpreted as a lack of confidence in the Federal Reserve and its independence
