Germany is contemplating repatriating its 1,200 metric tons of gold stored at the New York Federal Reserve, valued at $96 billion, amid heightened trade tensions sparked by US tariffs. The decision follows US President Trump's recent imposition of tariffs on European goods.
Apr 10, 2025
Amid the ongoing tariff war, Germany is reportedly considering bringing back its 1200 meteric tons of gold kept at the New York Federal Reserve. This gold reserve, valued at $96 billion, is one of the largest foreign holding in the United States. At a time when hostilities are at peak over the trade war kicked off by US President Donald Trump, ally Germany is re-evaluating its options.
Why Germany May Be Rethinking Its Gold Reserves
The buzz around bringing back the gold deposit increased after Trump’s latest tariff blitz. On April 2 — Liberation Day — Trump reintroduced sweeping duties on global trade partners, including a 20% tariff on European Union goods and a 25% levy on foreign automobiles. Framed as a bid to “revive American industry,” the move has stirred alarm among European allies, especially Germany.
For decades, Germany’s Bundesbank has stored a portion of its 3,300 tons of gold — worth over €113 billion — in vaults abroad, notably in New York. The rationale has long been liquidity: in times of global crisis, having gold in a financial hub like the US enables swift conversion into dollars. But amid escalating trade tensions and geopolitical uncertainty, some German officials are questioning whether the US remains a reliable custodian.
According to Bild, a German Daily, senior members of the Christian Democratic Union (CDU) — the party likely to form Germany’s next government — are debating the merits of repatriation. Former minister Marco Wanderwitz, who has previously pushed for stricter oversight of foreign-held reserves, confirmed the issue has “arisen again.” Markus Ferber, a CDU member of the European Parliament, has also demanded increased transparency, calling for routine inspections of Germany’s gold abroad.
The stakes go beyond bullion. For Germany, pulling gold from US vaults would signal eroding trust in America’s role as a global financial steward. As Ferber noted, "transparency and sovereignty go hand in hand."
www.timesnownews.com
Apr 10, 2025
Amid the ongoing tariff war, Germany is reportedly considering bringing back its 1200 meteric tons of gold kept at the New York Federal Reserve. This gold reserve, valued at $96 billion, is one of the largest foreign holding in the United States. At a time when hostilities are at peak over the trade war kicked off by US President Donald Trump, ally Germany is re-evaluating its options.
Why Germany May Be Rethinking Its Gold Reserves
The buzz around bringing back the gold deposit increased after Trump’s latest tariff blitz. On April 2 — Liberation Day — Trump reintroduced sweeping duties on global trade partners, including a 20% tariff on European Union goods and a 25% levy on foreign automobiles. Framed as a bid to “revive American industry,” the move has stirred alarm among European allies, especially Germany.
For decades, Germany’s Bundesbank has stored a portion of its 3,300 tons of gold — worth over €113 billion — in vaults abroad, notably in New York. The rationale has long been liquidity: in times of global crisis, having gold in a financial hub like the US enables swift conversion into dollars. But amid escalating trade tensions and geopolitical uncertainty, some German officials are questioning whether the US remains a reliable custodian.
According to Bild, a German Daily, senior members of the Christian Democratic Union (CDU) — the party likely to form Germany’s next government — are debating the merits of repatriation. Former minister Marco Wanderwitz, who has previously pushed for stricter oversight of foreign-held reserves, confirmed the issue has “arisen again.” Markus Ferber, a CDU member of the European Parliament, has also demanded increased transparency, calling for routine inspections of Germany’s gold abroad.
The stakes go beyond bullion. For Germany, pulling gold from US vaults would signal eroding trust in America’s role as a global financial steward. As Ferber noted, "transparency and sovereignty go hand in hand."
US Ally Losing Trust Amid Tariff War? THIS Country May Bring Back Its $96 Billion Worth Of Gold Kept As Reserve
Germany is contemplating repatriating its 1,200 metric tons of gold stored at the New York Federal Reserve, valued at $96 billion, amid heightened trade tensions sparked by US tariffs. The decision follows US President Trump's recent imposition of tariffs on European goods., Economy News - Times Now
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