Amidst rising global economic uncertainty, the German government is intensifying calls to repatriate its gold reserves held in the U.S. This comes amid a growing need for increased transparency and control over these assets. Experts are urging Germany to reclaim physical access to its gold reserves in times of national emergency. ‘,
Michael Jäger, a member of the European Taxpayers Association, emphasizes the importance of bringing gold reserves back to Germany, citing benefits in emergencies. He argues that having direct access to gold could be vital during such situations.
Markus Ferber, a member of the European Parliament, echoes this sentiment, stressing the necessity for regular audits and counts of gold reserves by authorized representatives. He believes consistent control over gold is crucial given the current economic climate.
Adding to the debate, entrepreneur Elon Musk recently suggested live-streaming the audit of Fort Knox in Kentucky, a practice not seen since 1974, further highlighting the significance of this issue. Germany’s central bank maintains that their storage system in the U.S. is reliable and secure. They also note that the need for auditing the reserves could be revisited in the future.
The discussion on gold reserve repatriation remains a key topic within economic strategy discussions and international cooperation, with calls for enhanced control over these assets likely to continue.