Germany’s Gold Abroad Triggers Fresh Economic Debate

Germany’s decision to store a large portion of its gold reserves abroad has triggered fresh debate among economists and policymakers. Concerns are centered on geopolitical uncertainty and long-term financial security.
Germany owns the world’s second-largest gold reserves, valued at nearly €450 billion. More than one-third of this gold is stored in the United States, with the rest held in Europe.
Economists calling for repatriation argue that global conditions have changed significantly. They believe reliance on overseas storage could expose Germany to unnecessary risks.
Others argue that the current system provides balance and flexibility. They say international storage supports liquidity and financial cooperation.
Government officials maintain that Germany’s gold remains secure and well diversified. No immediate changes have been announced.