Lena Petrova: Germany Plans to Withdraw $450 Billion in Gold Reserves from the US

A growing debate has been unfolding in Germany regarding the repatriation of its gold reserves, currently stored in the United States, London, and Paris. As the second-largest holder of gold reserves globally, Germany’s decision to reexamine the storage of its national wealth has significant implications not only for its own economic sovereignty but also for the broader geopolitical landscape. Germany’s gold reserves have been stored abroad for decades, a practice rooted in the security and economic arrangements of the Cold War era. At the time, it made sense to diversify the storage of its wealth to ensure its safety and…