Germany’s decision to store a large share of its gold reserves in the United States is being questioned by leading economists. The debate comes amid concerns about political uncertainty and shifting global alliances.
Germany holds nearly €450 billion worth of gold, making it one of the largest holders worldwide. About 37% of this gold is currently stored in New York, while the rest is kept in Europe.
Critics argue that storing gold overseas could expose Germany to risks beyond its control. They believe political tensions could one day affect access to these valuable reserves.
Supporters of repatriation say gold is more than a financial asset—it is a symbol of national security. Keeping it closer to home, they argue, would ensure full sovereignty.
Government representatives insist the gold remains safe and accessible. They emphasize that Germany’s reserves are diversified and regularly audited.