Germany’s overseas gold holdings have sparked a broader debate about economic independence. Experts are questioning whether storing gold abroad still serves the nation’s best interests.
About €164 billion worth of German gold is held in the United States, while the rest is stored in Europe. This distribution was designed to balance security and liquidity.
Economists advocating for repatriation argue that national wealth should not be exposed to foreign political risks. They see gold as a symbol of sovereignty.
Opponents warn that moving the reserves could create unnecessary tensions and market uncertainty. They emphasize that Germany has secure access to its gold.
The discussion reflects wider concerns about global instability. For now, authorities say Germany’s gold strategy remains sound.