Archive · 25 Jun 2025
EU Nations Urged to Repatriate Gold Reserves from US Vaults
Some countries in Europe keep their gold in the United States, like a safe deposit box.
Now, people are wondering if they should bring that gold back home or at least check to make sure it's still there.
They're worried because the US President has been saying things that make them question if the US would let them get their gold if they wanted it.
Also, because of things like the war in Ukraine, more and more countries are buying gold because it's seen as a safe place to keep money.
They want to make sure they can access their gold anytime.
Some big gold owners store their gold in the US and UK.
EU countries are urged to repatriate their gold reserves from the US or ensure audits.
Concerns arise due to President Trump's criticism of the US Federal Reserve and geopolitical unrest.
Germany, Italy, and other EU nations store significant gold reserves in the US.
The Taxpayers Association of Europe (TAE) advocates for the return of EU gold reserves.
Central banks worldwide are increasing gold holdings due to inflation and geopolitical issues.
- Who
- EU countries like Germany and Italy, along with the Taxpayers Association of Europe (TAE).
- What
- EU countries are being urged to repatriate their gold reserves from the US.
- When
- The calls for repatriation have increased recently, likely due to geopolitical factors and President Trump's comments.
- Where
- The gold is stored in US vaults, including those in New York and Fort Knox.
- Why
- Concerns about US monetary policy independence and increasing global instability have prompted the calls.
Concerns for EU Nations
Current Gold Storing Practices
Control over Gold Reserves
Concerns for EU Nations
EU nations and the TAE want more control over their gold reserves and access.
Current Gold Storing Practices
The US and its allies have blocked Russian assets, which may cause some concern.
- Germany's Gold Reserve
- 3,351.53 tonnes
- Italy's Gold Holdings
- 2,451.84 tonnes
- US Gold Reserve
- 8,133.46 tonnes
- India's Gold Repatriation
- 200 metric tons from London in 2024
- Gold as Forex Reserve Asset
- Growing importance for central banks