debut: 12/26/07
34,522 runs
Another Tariffs dividend: Now Germany wants to be their own Gold-keepers.
Germany plans to bring back 1,200 tons of gold from US vaults: Why now?
Germany is considering the possibility of repatriating its vast gold reserves from a vault in New York. The initiative is linked to concerns over the policies of Donald Trump, the Telegraph states.
For decades, Berlin has kept 1,200 tons of its gold reserves — the second-largest in the world, after the United States’ reserves — stored deep underground at the Federal Reserve in Manhattan.
Now, senior members of the conservative Christian Democratic Union (CDU), which is set to lead Germany's next government, are discussing the possibility of moving the gold out of New York due to concerns that Washington may no longer be a reliable partner.
Who next?