US EditionBerlin’s Gold Alarm: Demands to Pull National Reserves from US
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5 Articles
Germany, through its central bank, takes the second place in the world for the gold reserve after the United States. Even before the gold summit on international markets ended last month, the Bundesbank's precious metal reserves were worth about EUR 500 billion. It is an equivalent amount of 19% of the country's debt.
Gold and especially silver prices have fallen in recent days, and fears are growing in Germany that the unpredictable Donald Trump will confiscate German gold that Berlin is storing in the US. The common thread between both developments is the US central bank, the Federal Reserve (Fed).
It is not the first time, and probably not the last, that the idea of repatriating the gold reserves stored in the United States to Germany has been raised. It is a modest 1,200 tons. It is not a small amount, 1,236 tons ... ...
Those who buy precious metal these weeks also have a verdict on their currency. It can be a deliberate decision by Portfolio or the unspecified desire to have a monetary insurance policy at hand.You never know what will come.The contribution Gold-Giant Bundesbank: The open vote of distrust appeared first on Tichy's insight.
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