Can the United States be trusted with Germany’s gold?
Its leader is trying to cripple the country’s most important industry. His deputy thinks it’s a pathetic freeloader. The man who has their ear is throwing what look a lot like Nazi salutes and openly interfering in its elections to support a far-right party that its own intelligence service thinks is a threat to the constitution.
No wonder, then, that some politicians in Germany are worried that what was for decades seen as one of the world’s most reliable storehouses might not be so secure after all.
Are they serious ? The problem of non-existent US gold reserves is 70 years old. France cashed out in the sixties and the gold standard was abolished in 1971 because the US were defaulting on their own bills
This article is about the German gold reserves, Not the US ones. Germany have Had some gold stored in New York during the cold war, Most of IT transfered Back to Germany in the begining 2000s. But some Portion remained. Every Country has some Form of their reserves stored within other countries (be it gold, prciuos Metals, USD). It’s used as Backup or collateral for Trades between countries, in Case of a Default on either Side.
Why do you capitalize seemingly random words? Is this a translation artifact or something?
The gold is in your device.
That doesn’t really drive its current price though. It’s a fetish for some people who have a problem with current monetary systems in general.
The product of slavery is the device.