THE GUARDIAN: 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. » | Kate Connolly in Berlin | Saturday, January 24, 2026
HANDELSBLATT: Druckmittel für Trump? Bundesbank gerät in Zwickmühle: Wie sicher ist das Bundesbank-Gold in New York? Die Bundesbank schließt einen Abzug aus. Doch aus dem Umfeld der Notenbank und dem Bundestag kommen Forderungen, diese Haltung zu überdenken. »
