Is Germany's gold safe in New York ?
7 hours ago
- #Germany Gold Reserves
- #Transatlantic Finance
- #Federal Reserve
- Approximately one-third of Germany's gold, valued at around €160 billion, is stored at the Federal Reserve Bank of New York.
- Bundesbank officials claim the reserves have special protection, but experts worry that changes in U.S. Federal Reserve leadership could change established norms.
- The situation raises wider concerns about transatlantic financial stability and the future of global economic rules.