Germany’s Overseas Gold Holdings Under Fresh Review

Germany’s overseas gold holdings are under fresh review as economists voice concerns about political risk. The debate reflects broader uncertainty in global relations.
Germany holds nearly €450 billion worth of gold, with a large share stored in New York. This approach has been standard practice for decades.
Experts pushing for repatriation argue that global trust cannot be assumed indefinitely. They want stronger national control over reserves.
Others argue that the benefits of overseas storage outweigh the risks. They say Germany’s diversified approach remains effective.
For now, officials see no reason to change course. The issue, however, continues to attract public attention.