Germany Questions Security of Gold Reserves in US Vaults

German lawmakers are increasingly questioning the security of the country's gold reserves stored in the United States, specifically at the New York Federal Reserve, amid shifting political dynamics. Approximately 37% of Germany's gold, totaling 1,236 metric tons valued at around €113 billion, is held in U.S. vaults, a situation some politicians now deem risky. Marco Wanderwitz from the Christian Democratic Union (CDU) and fellow CDU member Markus Ferber are calling for greater transparency and inspections of the gold reserves, with suggestions to repatriate the bullion back to Germany. Concerns have been amplified by strained U.S.-EU relations and debates about global power shifts. While some officials, like Nagel, express confidence in the Federal Reserve, others argue that the Bundesbank should proactively verify the gold holdings. The debate reflects a broader skepticism towards institutions that traditionally underpinned Germany's financial security.