3 ms·
Germany still has about 1200 t in the US. I wonder if they are going to move it too.
by niemandhier 1mo ago
Germany still has about 1200 t in the US. I wonder if they are going to move it too.
- neuronic 1mo agoWhile there have been calls from economists to consider such a move for months [1], there is currently no need to wonder. The German fed (Bundesbank) has already commented that they believe the US to remain a trusted store. Bundesbank has independent authority over German gold which is NOT legally hard-related to government activity. It could still be influenced by politics, of course [2]. [1, paid source] https://www.faz.net/aktuell/wirtschaft/mehr-wirtschaft/marcel-fratzscher-fuer-teilverkauf-deutscher-goldreserven-accg-200769183.html https://www.faz.net/aktuell/wirtschaft/mehr-wirtschaft/marce... [2, last section is relevant] https://www.t-online.de/nachrichten/ausland/usa/id_101419346/gold-reserven-niederlande-holen-86-tonnen-aus-den-usa-zurueck.html https://www.t-online.de/nachrichten/ausland/usa/id_101419346...