this post was submitted on 24 Jan 2026
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Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts

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 (£122bn) worth – 1,236 tonnes – is stored in New York.

Emanuel Mönch, a leading economist and former head of research at Germany’s federal bank, the Bundesbank, called for the gold to be brought home, saying it was too “risky” for it to be kept in the US under the current administration.

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[–] Greddan@feddit.org 85 points 1 day ago (3 children)

The U.S is definitely gonna steal that gold

[–] notso@feddit.org 96 points 1 day ago* (last edited 1 day ago) (1 children)

Dear Friedrich:

Considering your Country decided not to join my Great Board of Peace, the greatest Global institition for Peace ever, I no longer feel any obligation to hand over your gold reserves, which by the way would look much better in my Ballroom anyway, which will be the most prestigious and BIGGEST Ballroom there ever was in History.

Germany cannot protect that Gold from Russia or China and there are no written documents, it's only that some guy with a funny accent delivered some gold a while ago and we kept it so why do you have a "right of ownership" anyway?

I have done more for Gold than any other person since it was invented, like thousands of years ago, and now, GOLD should do something for me.

Thank you for your attention to this matter!

President DJT

[–] BlindPenguin@lemmy.world 55 points 1 day ago (1 children)

I hate how realistic that sounds

[–] zergtoshi@lemmy.world 18 points 1 day ago (1 children)

Way too coherent and too little self-sidetracking to originate from Don Cheeto.

[–] MonkeMischief@lemmy.today 6 points 1 day ago (1 children)

"THANK YOU FOR YOUR ATTENTION TO THIS IMPORTANT MATTER. Covfefe."

Covfefe? I haven’t heard that name in a long time.

[–] AbsolutelyNotAVelociraptor@sh.itjust.works 35 points 1 day ago (4 children)

I want to see him try that. The moment he puts his filthy hands on someone else's gold, the dollar will collapse. No ifs, no buts, the moment he tries to steal part of the gold he has stored there, everyone will want their gold back and, while at it, they'll cash any bonds they have.

If you can't trust that country to mantain such important agreements, you can't trust it with anything. He'll bankrupt the country in no time.

[–] Clent@lemmy.dbzer0.com 1 points 10 hours ago

You seem to be under the impression he care's about America or it's economy.

He only cares about appearances. If they have an opening where they can spin it to a positive, they will take all the gold.

[–] Auli@lemmy.ca 8 points 1 day ago (1 children)

it is hard to find now because of this storey but I swear there was a story about a decade ago that the US did not allow Germany to see their gold.

[–] palordrolap@fedia.io 5 points 1 day ago

They asked, and were refused, in 2012 according to this article: https://www.firstpost.com/explainers/germany-gold-reserves-us-storage-repatriation-concerns-13878824.html

Heck, it wasn't even a Republican government at the time. That gold is gone.

[–] Dragomus@lemmy.world 3 points 1 day ago

The regime's been hinting at wanting to change the gold price to try and help the freefalling debt crisis...

They can (legally) simply revalue the gold in stock by declaring it to have a new arbitrary value, but hold a provision for international customers and declare they did not deposit in weight value but in gold value at the date of entry... which will rob them of any of the current price increase... So trump will tell Germany "you deposited $30 million before 1970, you get $30 million back from us now."

[–] D_C@sh.itjust.works 3 points 1 day ago

Yes...but that obese child rapist is a narcissistic imbecile who can't understand the basics. Plus he is probably too far gone with dementia to understand even if he wanted to.

[–] fluffykittycat@slrpnk.net 17 points 1 day ago (1 children)

That would blow up the world financial system, like actually. Not to say he wouldn't do it but that the consequences of doing so would be World historical in nature. I think he already borked European alliance. Greenland was a step too far and now they're serious about decoupling, and not to slowly either

[–] balsoft@lemmy.ml 3 points 1 day ago (1 children)

EU itself has already done something similar to Russia, it's not some unthinkable act. I don't think it would be any more "world historical" from Trump then threatening to annex Greenland. It would be a shitshow for sure, though.

[–] coredev@programming.dev 1 points 10 hours ago* (last edited 10 hours ago) (1 children)

Can you please provide clarification and souce of your claims around EU and Russia.

[–] balsoft@lemmy.ml 1 points 9 hours ago

EU froze (i.e. refuses to return) over 200 billion euro of various russian assets. They are also considering "appropriating" it (i.e. spend it however they wish). Wiki article has some details about this: https://en.wikipedia.org/wiki/Confiscation_of_Russian_central_bank_funds