Germany urged to pull €164B in gold from U.S. vaults

Germany is facing pressure to withdraw its gold reserves from American vaults over concerns about the unpredictability of the Trump administration, reports the Guardian. Marie-Agnes Strack-Zimmermann, chair of the European Parliament's Committee on Security and Defense, is calling for the return of Germany's gold: "In times of growing geopolitical uncertainty and amid the unpredictability of US President Trump's policies, there is no longer any basis for 37% of Germany's gold reserves, over 1,230 tons, to be stored in the vaults of the Federal Reserve in New York." — Read the rest

The post Germany urged to pull €164B in gold from U.S. vaults appeared first on Boing Boing.