Germany is once again under political and public pressure to reconsider the location of its gold reserves, as shifting transatlantic relations and geopolitical uncertainty revive concerns over assets held in the United States
The country holds the world’s second-largest official gold reserves and keeps roughly one-third of them, about 1,200 tonnes, in the vaults of the New York Federal Reserve This storage strategy dates back to the Cold War, when placing bullion abroad was intended to guarantee rapid access in the event of a major global conflict
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Source and Credit: mining.com
