Germany has reopened debate over the safety of storing a large portion of its gold reserves overseas. Economists are raising concerns tied to global political uncertainty.
The country holds nearly €450 billion worth of gold, making it one of the largest reserve holders worldwide. Over one-third of this gold is currently stored in the United States.
Supporters of repatriation argue that gold is a strategic asset that should remain under national control. They believe domestic storage reduces exposure to foreign political risks.
Others maintain that overseas storage strengthens Germany’s position in global markets. They argue that diversification improves liquidity and security.
Government officials continue to stress that the reserves are safe and closely monitored. No immediate changes have been announced.