Germany’s Gold Repatriation: What They’re Not Telling You About the U.S. Vaults

Why Is Germany’s Gold Still in New York? Germany’s central bank—the Bundesbank—owns the second-largest gold reserves in the world at 3,350 tons. Yet more than a third of that, valued at $170 billion, is still sitting in the vaults of the Federal Reserve Bank of New York. Originally, this arrangement made Cold War sense. In the 1970s, West Germany faced the constant specter of a Soviet invasion. Gold stored abroad—especially in the U.S.—was insurance. But that war ended long ago. The tanks never rolled through the Fulda Gap. So why is 37% of Germany’s wealth still offshore, under someone else’s lock and key? Attempts to Reclaim Gold Met With Resistance and Secrecy Since at least 2007, German officials have attempted…