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

Kate Connolly   The Guardian24 January 2026
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, making it ‘risky to store so much gold in the US’, say experts

Approximately €164bn worth of Germany’s gold is stored in New York.