this post was submitted on 24 Jan 2026
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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.

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[–] fluffykittycat@slrpnk.net 60 points 1 day ago (18 children)

Is the USA collapsing in real time? Serious question. Denmark dumped treasury bonds, and then a Swedish pension fun dumped a billion of them, now the former research head of Germany Central Bank is saying physically move the gold to Germany

[–] Viking_Hippie@lemmy.dbzer0.com 9 points 1 day ago (2 children)

Swedish pension fun

I was in a band by that name. Mostly ABBA covers and very angry punk.

[–] AnUnusualRelic@lemmy.world 3 points 1 day ago* (last edited 1 day ago) (1 children)

I think I saw a movie with that title a long time ago.

[–] Viking_Hippie@lemmy.dbzer0.com 2 points 1 day ago* (last edited 1 day ago)

With a lot of attractive young people playing volleyball?

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