A Golden Opportunity: Why Germany is Being Urged to Reclaim Its Overseas Reserves

The debate over Germany’s gold reserves is heating up, with many experts calling for the country to reclaim its treasure from the United States. As the global political climate becomes more unpredictable, the idea of having billions in gold stored overseas is becoming harder for some to swallow. This movement represents a broader desire for German strategic autonomy.
Germany’s gold reserves are a massive asset, valued at nearly €450 billion. A significant chunk of this wealth—1,236 tonnes worth approximately €164 billion—is currently stored in New York. This has led to a growing conversation about whether Germany should take physical possession of these assets to better protect its national interests.
Prominent economist Emanuel Mönch has been a vocal advocate for this change. He argues that the strategic landscape has shifted and that Germany would be better served by having its gold at home. Mönch believes that repatriation is a necessary step to ensure that the country remains prepared for any future global instability.
Other experts have echoed these concerns, noting that political shifts in the U.S. could potentially complicate Germany’s access to its reserves. These fears have moved from the fringe to the mainstream, as more people recognize the potential risks of the current arrangement. The debate is now a major point of interest for both the public and the media.
For now, the German government is holding its ground. Officials maintain that the gold is safe, well-audited, and part of a balanced global strategy. They argue that there is no immediate threat to the reserves and that the current system of diversified storage remains the most effective way to manage the nation’s gold.