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The Guardian - UK
The Guardian - UK
World
Kate Connolly in Berlin

‘Repatriate the gold’: German economists advise withdrawal from US vaults

Gold Donald Trump United States Bundesbank Michael Jäger Germany the US Federal Reserve US Federal Reserve
Piles of gold bars and coins
Michael Jäger, head of the European Taxpayers Association, said Donald Trump was ‘unpredictable’, and that this meant ‘our gold is no longer safe in the Fed’s vaults’. Photograph: Michael Dalder/Reuters

Germany is facing calls to withdraw its billions of euros’ worth of gold from US vaults, spurred on by the shift in transatlantic relations and the unpredictability of Donald Trump.

Germany holds the world’s second biggest national gold reserves after the US, of which approximately €164bn (£142bn) worth – 1,236 tonnes – is stored in New York.

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