European Officials Demand Germany Retrieve $109B Gold Stash from New York!

EddieJayonCrypto

 7 Apr 25

tl;dr

Germany has over $109 billion worth of gold stored in the New York Federal Reserve's vaults. There are calls from officials, including Michael Jäger of the European Taxpayers' Association, for Germany to retrieve its gold from the USA and to have regular checks or physical inspections of the gold re...

Germany is facing calls to retrieve its over $109 billion worth of gold reserves from the New York Federal Reserve's vaults, with European officials and lawmakers demanding regular inspections amid global power shifts. The European Taxpayers' Association, represented by Michael Jäger, urges immediate retrieval of Germany's gold from the USA, emphasizing the need for transparency and verification.

European Member of Parliament Markus Ferber and lawmaker Marco Wanderwitz echo the demand for regular checks and physical inspections of the gold reserves. This push for increased scrutiny comes as Elon Musk suggests livestreaming an audit of Fort Knox, further fueling the debate on the transparency of gold reserves.

Despite the growing calls for retrieval and inspections, Germany's Bundesbank reiterates its trust in the New York Federal Reserve, stating that they have a reliable partner for the storage of their gold reserves. The tension between the White House and the US adds complexity to the situation, prompting a reevaluation of Germany's approach to safeguarding its vast gold holdings.