News · 26 January 2026
Economists want Germany to move gold from US
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Amid shifting transatlantic relations and concerns about Donald Trump's unpredictability, some German economists are advocating for the repatriation of Germany's gold reserves from the United States. Germany possesses the world's second-largest national gold reserves, with approximately €164 billion worth stored in New York. Emanuel Mönch, among others, argues it's too risky to keep the gold in the US, suggesting greater strategic independence warrants bringing it home. However, Friedrich Merz’s coalition government is not currently considering this proposal.
Reported by Guardian · How we write briefs