"In view of the current geopolitical situation, the retention of specified a large amount of gold in The U.S. seems risky," he told the paper “Handelsblatt” on Wednesday Emanuel Mönch , erstwhile Head of investigation at the Bundesbank . Consequently, in order to "increase strategical independency from the US, the Bundesbank should consider repatriation of gold".
Katharina Beck, a Green organization spokesperson on finance in the Bundestag, besides suggested moving gold reserves. In an interview with the Handelsblatt newspaper, she said that gold reserves are “an crucial pillar of stableness and trust”. "They cannot become a pawn in geopolitical disputes," she added. As long as U.S. president Donald Trump is in power, this script is likely to be best prevented, “if the gold reserves are held in Germany. ” Bundesbank He keeps 1236 tons of gold in the U.S. national Reserve Regional Branch in fresh York City. president of the Bundesbank Joachim Nagel rejects, however, the anticipation of transfer.
Spokeswoman of the SPD Parliamentary Committee on Finance, Frauke Heiligenstadt, says she understands concerns about gold reserves, but advises against "panic": "German gold reserves are well diversified". Half of them are in Frankfurt, “so our ability to act is assured.” The choice of fresh York City seems justified due to the fact that "Germany, Europe and the US are closely linked in terms of financial policy".