Germany may demand that the United States return 1,200 tons of gold

Germany is considering the possibility of withdrawing 1,200 tons of gold from the vault of the US Federal Reserve System due to concerns about the unpredictable policies of Donald Trump.

According to Bild, the impetus for discussing this issue was the new foreign economic policy of the United States after the introduction of protective tariffs.

Currently, senior officials from the Christian Democratic Union (CDU), which is likely to lead the next German government, are discussing the possibility of exporting this gold from New York.

At the same time, there is a serious discussion in Germany about the consequences of such a step not only for the country, but also for the global financial landscape.

Gold reserves are an essential component of national wealth and financial security. States often consider gold as a hedging tool against inflation and currency fluctuations.

Germany accumulated gold after the Second World War due to the growth of exports, which led to a large trade surplus. It was converted into gold under the Bretton Woods monetary system.

It is estimated that the value of stored in In New York, the German gold reserve amounts to 113 billion euros — about 30% of the country's total gold reserves.

Experts interviewed by the publication expressed doubt that Washington would agree to give German gold. And not only German, but in general — any other. And German politicians should keep this in mind before demanding the return of the precious metal.

Earlier, EADaily reported that the price of gold broke a record, exceeding $ 3,150 per ounce. This happened after Donald Trump's statement that he was imposing very high duties.