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Germany is considering withdrawing approximately 1,200 tons of gold, valued at around $124 billion, from a U.S. Federal Reserve vault in New York due to concerns over Trump’s unpredictable policies.
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And now the gold
- Thread starter alphaecho
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And what would they do if they found it wasn't there?
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Well I’m sure it’s would be a problem for the federal reserve, you know that pseudo govt entity. And the dollar.
Maybe go back and ask dead presidents and fed chairman’s.
It’s amazing to watch these governments kicking and screaming over the US implementing mirrored tariffs.
These asshats are actually complaining that they can’t rip us off anymore.
These asshats are actually complaining that they can’t rip us off anymore.
That’s just not true. They’re not mirrored, well, they are now, thanks to nations copying Trump’s policies back at us. Because, clearly, prices weren’t high enough already. Let’s not forget the hit to our GDP. But hey, I guess this is what some people voted for. Talk about sabotaging your own interests.
Just keep tanking the economy, piling on debt, and gutting programs for the poor all to hand out tax breaks to the rich. A real winning strategy for America... and re-election. Maybe we’ll be just as “great” as Russia someday. (Sarcasm.)
Imagine having a recession named after you: The Trump Recession. What a legacy. So much for American excellence, the ship has sailed.
#TrumpRecession really does have a ring to it. But don’t worry Trump and his friends will probably leave office wealthier than they came in, and the rest of us? Forgotten, once they’re done playing President.
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Great interpretation of the unfolding Trump Recession. I bet a lot of people do feel like their heads are on fire with all the losses Trump is managing to self-inflict on every American’s wallet, bank account, and portfolio.
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Actually I hope they do and they do find it. It might actually give Russia a reason to invade Germany over
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- That's classified.
Why would a country allow another country to hold their gold? Its like me handing over my wallet to a stranger.
1. Security & Stability: After WWII, many countries (especially in Europe) began storing their gold in the U.S., particularly at the Federal Reserve Bank of New York, because the U.S. was considered politically and economically stable. During the Cold War, West Germany feared a Soviet invasion so storing gold abroad was a hedge against losing it to occupation.
2. Dollar-Based Global System: The U.S. dollar became the global reserve currency post-WWII (thanks to Bretton Woods), and the U.S. became the hub for global financial transactions. Having gold in the U.S. made international settlements quicker and easier, especially before digital banking.
3. Trust & Access to Markets: Holding gold in places like New York or London also allows quicker access to global gold markets for liquidity, trade, or currency stabilization purposes.
4. No, gold doesn't earn "interest" like money in a bank, but having it easily tradable and secure is often more valuable than trying to store and protect it yourself especially during periods of global instability.
Rising global tensions, reduced trust in U.S. hegemony, and a shift toward multipolar geopolitics. Many countries want to physically control their assets just in case things get ugly.So, storing gold abroad was never about interest or profit. It was about security, trust, and access. Now, those same countries are realizing they may no longer trust that arrangement as much as they used to.
You should be happy if all this is true. It will really hurt Trump.
This is exactly what I voted for. I think of it as chemo to kill the cancer. It almost never works but it will buy you a substantial remission and recovery time.
Almost all Politicians (who are mostly scum) leave wealthier. Republicans usually start rich though.
My 2¢ YMMV
Huh. That. That uh. You didn't leave me any room to come back at yea. Congrats, you win the internet today!
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Now is not the time to go all "wobbly kneed". Let's see what the markets do by Memorial Day.
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Trump’s plan is a growth plan, says Mark Levin | Fox News Video
Fox News host Mark Levin gives his take on President Donald Trump's sweeping tariffs on more than 180 countries and territories on 'Life, Liberty & Levin.'www.foxnews.com