Posted on 04/02/2025 9:52:40 AM PDT by yesthatjallen
Can the U.S. be trusted with German gold?
That’s a question being asked by some German officials.
Germany ranks second in gold reserves behind the U.S. It officially holds 3,352 tonnes of gold with about 1,236 tonnes (37 percent) held in Federal Reserve vaults in the U.S.
Some are wondering whether holding over €100 billion in gold so far away is wise, given the geopolitical climate.
European Taxpayers’ Association spokesperson Michael Jäger told The Bild that Germany should bring that gold home.
“The Bundesbank and the federal government must show foresight in this phase of global political power shifts and immediately bring back German gold from the USA. Especially at a time when immense new debt is being discussed in Berlin and Brussels, we need immediate access to all gold reserves in an emergency.”
Jäger said at the very least, the German government should “conduct a review of the reserves” held in New York and run physical tests on the bars.
SNIP
(Excerpt) Read more at moneymetals.com ...
If you don’t hold it, you don’t own it.
If I was Germany I would pull it if my concern is sanctions of some sort.
The question is why is there German gold in the US?
I suspect loan security or something.
We loaned the Germans a huge sum prior to the Nazis taking power to shore up the economy.
I doubt they ever paid us back.
Hell, the UK made their final payment for what we loaned them around 06 or so.
Wasn’t Germany’s gold at the bottom of the World Trade Center? The reason the “memorial” is two holes in the ground…
We could just keep it and tell them we are accepting it as payment for what they owe for the underpayments for their NATO obligations. LOL
Nah, tell them to come get it and we will come get our troops and cancel NATO participation.
Geesh
Sure, minus reparations for 80 years of babysitting them.
47 and Musk went on about going to Ft. Knox to see if there was really any gold there. So far they are no-shows.
Nope. That gold is a result of the German trade surplus from around 1950 to around 1970. Apparently it was left in New York due to fear of a Soviet invasion.
They can’t pull their head out of their ass
Damn....
Germany asked for their gold back when OMuslim was in office and were told it would take 7 years to get it back to them. The obvious belief at the time was that we had leased it out.
If memory serves when they got it back it was not the same gold that they initially delivered for storage. I thought they finally got it back so I’m not sure why they are talking about wanting their gold back. Maybe they only got part of it?
The Germans are trying to steal Russia sovereign wealth so they know that it can happen to them as well. Germany’s big problem is that it is in Europe.
Fight you for it.
The joke’s on them, there is no gold.
Post of the day.
They did years ago.
Germany, like many other countries stored their gold in the Federal Reserve, as a protection from invasion.
“The question is why is there German gold in the US?”
Because of possible war with the USSR.
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