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Adam Sharp: Desperate in Deutschland to secure the country's gold
By Adam Sharp
The Daily Reckoning, Baltimore
Tuesday, April 1, 2025
Germany has the second-largest gold reserves in the world (on paper, at least). The country's official holdings clock in at 3,352 tons, behind only the United States' 8,133 tons.
About 37% of Germany's gold, 1,236 tons, is held at the New York Federal Reserve. The gold was moved to the U.S. for safekeeping in the aftermath of World War 2, when the threat of Soviet tanks charging through the Fulda Gap loomed large.
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Back in 2013, German politicians first raised a stink about bringing their gold back home. By 2017 a decent chunk the nation's gold had been returned to Germany's central bank, mostly from France and England.
Only about 300 tons of that came from the New York Fed, which brings us to today, when more than a third of German gold still sits in New York Fed vaults beneath Manhattan.
Today German conservatives are once again lobbying to at least be able to inspect their reserves at the New York Fed, which they still haven't been able to do. ...
... For the remainder of the commentary:
https://dailyreckoning.com/desperate-in-deutschland/
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