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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[–] Greddan@feddit.org 62 points 3 weeks ago (3 children)

The U.S is definitely gonna steal that gold

[–] notso@feddit.org 79 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

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

[–] BlindPenguin@lemmy.world 40 points 3 weeks ago (1 children)

I hate how realistic that sounds

[–] zergtoshi@lemmy.world 15 points 3 weeks ago (1 children)

Way too coherent and too little self-sidetracking to originate from Don Cheeto.

[–] MonkeMischief@lemmy.today 4 points 3 weeks ago (1 children)

"THANK YOU FOR YOUR ATTENTION TO THIS IMPORTANT MATTER. Covfefe."

[–] FreddiesLantern@leminal.space 5 points 3 weeks ago

Covfefe? I haven’t heard that name in a long time.

[–] AbsolutelyNotAVelociraptor@sh.itjust.works 26 points 3 weeks ago (4 children)

I want to see him try that. The moment he puts his filthy hands on someone else's gold, the dollar will collapse. No ifs, no buts, the moment he tries to steal part of the gold he has stored there, everyone will want their gold back and, while at it, they'll cash any bonds they have.

If you can't trust that country to mantain such important agreements, you can't trust it with anything. He'll bankrupt the country in no time.

[–] Auli@lemmy.ca 8 points 3 weeks ago (1 children)

it is hard to find now because of this storey but I swear there was a story about a decade ago that the US did not allow Germany to see their gold.

[–] palordrolap@fedia.io 3 points 3 weeks ago

They asked, and were refused, in 2012 according to this article: https://www.firstpost.com/explainers/germany-gold-reserves-us-storage-repatriation-concerns-13878824.html

Heck, it wasn't even a Republican government at the time. That gold is gone.

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[–] fluffykittycat@slrpnk.net 14 points 3 weeks ago (1 children)

That would blow up the world financial system, like actually. Not to say he wouldn't do it but that the consequences of doing so would be World historical in nature. I think he already borked European alliance. Greenland was a step too far and now they're serious about decoupling, and not to slowly either

[–] balsoft@lemmy.ml 4 points 3 weeks ago (1 children)

EU itself has already done something similar to Russia, it's not some unthinkable act. I don't think it would be any more "world historical" from Trump then threatening to annex Greenland. It would be a shitshow for sure, though.

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[–] fluffykittycat@slrpnk.net 60 points 3 weeks ago (8 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

[–] gnutrino@programming.dev 54 points 3 weeks ago

Pretty much, yes. But don't worry, it's not like Trump passed massive tax cuts in his last term that have left the US over leveraged with >100% of GDP in debt and a $1.6T deficit or anything that leaves the US particularly vulnerable to bond sell offs.

Sorry, hang on a second, just getting some news through... Oh. Oh dear. Oh well, it was nice while it lasted. Well, it was sort of OK for bits of it anyway.

[–] freebee@sh.itjust.works 21 points 3 weeks ago (1 children)

By the time it actually happens there might be a democrat in charge again who can get all the blame...

[–] Lemmyoutofhere@lemmy.ca 16 points 3 weeks ago (2 children)

Bold of you to assume there will be future elections.

[–] freebee@sh.itjust.works 6 points 3 weeks ago

That's why I wrote might

[–] brooke592@sh.itjust.works 11 points 3 weeks ago

Is the USA collapsing in real time?

Yes, the spiral has been going on for awhile now.

[–] partofthevoice@lemmy.zip 9 points 3 weeks ago

Don’t forget about China selling their US bonds off, not too long ago, in what was a “yippy” move from the market.

[–] leavemealone@sh.itjust.works 9 points 3 weeks ago (1 children)

That actually looks like a Speedrun to it honestly.

[–] entropicdrift@lemmy.sdf.org 9 points 3 weeks ago

Seriously. Took Rome over a hundred years to have their Republic fall from when it started tumbling. We'll be lucky if it takes us 2 decades

[–] Viking_Hippie@lemmy.dbzer0.com 9 points 3 weeks ago (1 children)

Swedish pension fun

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

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

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

[–] Viking_Hippie@lemmy.dbzer0.com 2 points 3 weeks ago* (last edited 3 weeks ago)

With a lot of attractive young people playing volleyball?

[–] perestroika@slrpnk.net 7 points 3 weeks ago* (last edited 3 weeks ago)

Denmark

Fortunately for the US, only a small Danish pension fund. Not the whole country. But one can guess that despite the event being small, people aren't clawing to have US treasury bonds.

[–] FlashMobOfOne@lemmy.world 2 points 3 weeks ago (2 children)

It's wild to consider it, but we may be.

The massive escalation in tactics over the last month tells me that the US' finances may be significantly worse than we know, with the desperation to seize mineral resources, even in the knowledge that diplomatic cooperation could achieve the same ends.

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[–] Auli@lemmy.ca 37 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

HAHAHA they still think its there. Wasn't it about a decade ago Germany wanted to see it and America said no.

[–] MonkeMischief@lemmy.today 23 points 3 weeks ago* (last edited 3 weeks ago)

"OUR GOLD, at this time of year, at this time of day, localized entirely to your vaults?"

"Yes!"

"Can I see it?"

"No."

[–] ogeist@lemmy.world 3 points 3 weeks ago

And now!?!!?! Of all times, they should have done it on Biden's presidency. Does anyone believe Trump will just agree like that. The guy is going to use it as hostage.

[–] manxu@piefed.social 31 points 3 weeks ago (1 children)

The gold was kept in New York because of fears it might be seized by the Soviet Union during the Cold War. I guess Russia is not as problematic now as the former ally.

[–] scintilla@piefed.zip 23 points 3 weeks ago (1 children)

I think its mostly that Russia has proved its just not a major threat. Yes Ukraine is getting weapons and funding from many other countries but the fact is if Russia had a fraction of the power we thought they did for a long time the qar would have been over before the aid even made it to the country.

[–] nickhammes@lemmy.world 11 points 3 weeks ago

Also the Soviet Union during the Cold War was much closer than Russia is today. Part of Germany was under Soviet control, and the Western capitol was Bonn, several hundred kilometers from the border. Modern Russia is a bit further than that, with a whole county between them.

[–] A_norny_mousse@feddit.org 24 points 3 weeks ago* (last edited 3 weeks ago)

Huh, TIL that Germany has such a big gold reserve - 75+% - and stores half of it abroad. Most of that half in the US 🤦

The Eurozone's gold reserves are much larger btw.

[–] herseycokguzelolacak@lemmy.ml 19 points 3 weeks ago

Friedrich Merz is too much of a coward to do anything remotely courageous like that.

[–] vane@lemmy.world 12 points 3 weeks ago (1 children)
[–] crystalmerchant@lemmy.world 11 points 3 weeks ago (1 children)

Not only have we never seen your gold, Dear Leader is now several billion dollars' worth of gold richer. Coincidentally

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[–] fort_burp@feddit.nl 11 points 3 weeks ago (1 children)

Good idea, but might have to come in like France did in 1971 (they rolled up to NY harbor in a destroyer). For some reason I don't think it'll work like it worked for de Gaulle.

[–] explodicle@sh.itjust.works 4 points 3 weeks ago (2 children)

WTF happened in 1971‽‽

[–] HK65@sopuli.xyz 5 points 3 weeks ago (1 children)

Nixon fucked the world through the dollar.

In short, the world is paying the US to fuck around, since Bretton Woods replaced gold with the the USD, meaning that the US gets unlimited money while they get to spread their inflationary pressure around the world.

Charles de Gaulle, president of France at the time wasn't as stupid as most world leaders, and ended up preserving at least some semblance of fiscal independence by smuggling the French gold back from the US.

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[–] k0e3@lemmy.ca 3 points 3 weeks ago

Damn. Not just one interrobang, but two?

[–] SabinStargem@lemmy.today 8 points 3 weeks ago (1 children)

Everyone should do this. Trump has sticky fingers, and it is inevitable for them to wander to places unwanted.

[–] stylusmobilus@aussie.zone 3 points 3 weeks ago

Trump has sticky fingers

The country has sticky fingers.

[–] 9point6@lemmy.world 8 points 3 weeks ago

Well I'm sure the dollop of fermented meat in charge won't try something as someone takes back his favourite coloured metal

[–] wonderingwanderer@sopuli.xyz 6 points 3 weeks ago
[–] Markie84@feddit.org 6 points 3 weeks ago

Trump hid it particularly well. He melted down the gold bars to hang them as picture frames and other knick-knacks in the new ballroom. Thank you, Donald, for hiding the German gold so safely.

[–] melsaskca@lemmy.ca 4 points 3 weeks ago

I hope there is some of Germany's gold left. If not, at least grab a wall sconce on your way out.

[–] Taleya@aussie.zone 4 points 3 weeks ago

Can't. Got melted down for gold crappers

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