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.
It is easier to buy and sell tons of gold if it is in one place. Then ut can be moved by moving paper.
The gold vaults are inventoried regularly.
Trump is a fool.
All great, until he decides those bits of paper are worthless. Would that be an insane move that would destabilise the whole world economy? Yes. Does that mean he wont do it? I see no reason to assume that.
Exactly, but given the current situation I am sure a lot of potential buyers would prefer the gold to be in a vault in Germany.