Global uncertainty has rekindled debate in Germany over where its gold should be stored. Economists are increasingly vocal about potential risks.
Germany’s gold reserves are worth almost €450 billion. Roughly 37% are currently held in the United States.
Advocates of repatriation say national assets should not depend on foreign political stability. They argue that gold is a safeguard in times of crisis.
Opponents believe the concerns are speculative. They emphasize that Germany’s gold has always remained accessible.
The government has adopted a measured response, urging patience and calm. The debate is expected to continue.
