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‘Our gold is no longer safe in the Fed’s vaults’ - German lawmakers and economists renew calls to repatriate sovereign gold

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Published
Jan 27, 2026 - 1:32 AM
Updated
Jan 27, 2026 - 1:38 AM
Kitco News
Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.
(Kitco News) – In the wake of Trump’s Davos showdown with Europe over Greenland, German lawmakers and leading economists are once again calling for the country to get its billions in gold reserves out of the United States, citing the recent rupture in transatlantic relations and the risky behavior of the U.S. administration.
“Given the current geopolitical situation, it seems risky to store so much gold in the US,” leading economist and former Bundesbank head of research Emanuel Mönch told the German press on Friday. “In the interest of greater strategic independence from the US, the Bundesbank would therefore be well advised to consider repatriating the gold.”
Germany’s 3,350.25 tonnes in total sovereign gold reserves are second only to the 8,133.46 tonnes held by the U.S. – but about 37% of the German reserve – 1,236 tonnes – is stored with the Federal Reserve in New York.