German MP Calls for Repatriation of Gold Reserves Held Abroad

MP Calls for Review of Gold Storage Policies

German MP Strack-Zimmermann has recently called for a reassessment of where national gold reserves are stored. She argued that, in the face of global instability and unpredictable U.S. policies, keeping large quantities of gold abroad is no longer prudent.

Current Status of German Gold Reserves

Currently, around one-third of Germany's gold reserves are stored in New York, amounting to over 1,200 tons. In addition, around 13% is held in London. The remaining half is stored domestically in Frankfurt by the German central bank.

Gold Reserves Spark Debate on National Security

• The MP emphasized that gold is a symbol of economic sovereignty;
• Some experts suggest reserves should be stored closer to home;
• Public concern is rising over the safety of national financial assets.

This proposal has sparked wide discussions on asset security, financial independence, and international trust. Whether this will lead to policy changes remains to be seen.