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Germany is weighing the merits of repatriating gold reserves from the United States as global risks rise. Economists are divided over the best course of action.
About 37% of Germany’s gold is stored in New York, while more than half remains in Frankfurt. This distribution has long been viewed as a balanced approach.
Critics argue that political uncertainty could undermine confidence in overseas storage. They say Germany should prepare for worst-case scenarios.
Supporters of the current strategy believe that international storage enhances liquidity and trust. They warn against reacting to short-term political developments.
Officials maintain that Germany’s gold is secure and well managed. The discussion continues without a clear consensus.