- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts
Germany is facing calls to withdraw its billions of euros’ worth of gold from US vaults, spurred on by the shift in transatlantic relations and the unpredictability of Donald Trump.
Germany holds the world’s second biggest national gold reserves after the US, of which approximately €164bn (£122bn) worth – 1,236 tonnes – is stored in New York.
Emanuel Mönch, a leading economist and former head of research at Germany’s federal bank, the Bundesbank, called for the gold to be brought home, saying it was too “risky” for it to be kept in the US under the current administration.
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Is the USA collapsing in real time? Serious question. Denmark dumped treasury bonds, and then a Swedish pension fun dumped a billion of them, now the former research head of Germany Central Bank is saying physically move the gold to Germany
By the time it actually happens there might be a democrat in charge again who can get all the blame…
Bold of you to assume there will be future elections.
That’s why I wrote might
Is the USA collapsing in real time?
Yes, the spiral has been going on for awhile now.
That actually looks like a Speedrun to it honestly.
Swedish pension fun
I was in a band by that name. Mostly ABBA covers and very angry punk.
I think I saw a movie with that title a long time ago.
With a lot of attractive young people playing volleyball?
Denmark
Fortunately for the US, only one small Danish pension fund. Not the whole country. But one can guess that despite the event being small, people aren’t currently clawing to have US treasury bonds anywhere.
It’s wild to consider it, but we may be.
The massive escalation in tactics over the last month tells me that the US’ finances may be significantly worse than we know, with the desperation to seize mineral resources, even in the knowledge that diplomatic cooperation could achieve the same ends.
I don’t know what there is that we wouldn’t know, unless smart economists have been quietly panicking over some academic reason to be afraid for the stability of the US and are confident in their predictions
The refusal of the Donald admin to release objective economic data seems to me to be a fairly strong indicator that things are worse than we know.
HAHAHA they still think its there. Wasn’t it about a decade ago Germany wanted to see it and America said no.
And now!?!!?! Of all times, they should have done it on Biden’s presidency. Does anyone believe Trump will just agree like that. The guy is going to use it as hostage.
Friedrich Merz is too much of a coward to do anything remotely courageous like that.
What gold ?
Not only have we never seen your gold, Dear Leader is now several billion dollars’ worth of gold richer. Coincidentally
Honestly wouldn’t be surprised if they attempted to steal it.
Well I’m sure the dollop of fermented meat in charge won’t try something as someone takes back his favourite coloured metal
Doo itt!!!
I hope there is some of Germany’s gold left. If not, at least grab a wall sconce on your way out.
Can’t. Got melted down for gold crappers
American Jew here… Toss your witcher some reparations coin? Or am I thinking of the Swiss?
