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Non-Tech : The Woodshed
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To: Old_Sparky who wrote (60871)6/24/2025 11:48:44 AM
From: dara   of 60897
 
The article is in the FT behind a paywall. GATA reproduced it on their website:

Germany and Italy are facing calls to move their gold out of New York following President Donald Trump's repeated attacks on the U.S. Federal Reserve and increasing geopolitical turbulence.

Fabio De Masi, a former Die Linke member of the European Parliament who joined the left-wing populist BSW party, told the Financial Times that there were "strong arguments" for relocating more gold to Europe or Germany "in turbulent times."

Germany and Italy hold the world's second- and third-largest national gold reserves after the United States, with reserves of 3,352 tonnes and 2,452 tonnes, respectively, according to World Gold Council data.

Both nations rely heavily on the New York Federal Reserve in Manhattan as a custodian, each storing more than a third of their bullion in the U.S. Between them the gold stored in the U.S. has a market value of more than $245bn, according to FT calculations.
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