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Is Germany's gold safe in New York?

02:27

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Miltiades Schmidt
February 2, 2026

Germany's gold reserves have been stored in the US for decades. Some think they should be brought back. With US President Trump breaking up the rules-based world order, they fear he could seize the gold.

Around one‑third of Germany’s gold — worth roughly 160 billion euros — remains in the vaults of the Federal Reserve Bank of New York. While Bundesbank officials insist the reserves enjoy special protection, some experts fear a shift in US leadership at the Federal Reserve could alter long‑trusted norms. The discussion highlights broader concerns about transatlantic financial stability and the future of global economic rules.

 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.

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