German economists advise withdrawing gold from the U.S. treasury to reduce risk

Media in the UK: German economists suggest withdrawing gold from the US treasury.

Germany is the second-largest holder of gold reserves in the world, with about 16.4 billion euros (12.2 billion pounds) worth of 1,236 tonnes of gold stored in New York. Given the current geopolitical situation and the uncertainty of Trump, experts believe it is too risky to keep gold in the United States.

Manfred, former head of research at the German Federal Bank, called for withdrawing gold for strategic independence. Nevertheless, the president of the German Federal Bank, Nagel, said in October last year at an International Monetary Fund meeting that the German gold in the US Federal Reserve "need not be worried about."

Germany's total gold reserves are nearly 45 billion euros, with half stored in Frankfurt, 37% in the US Federal Reserve, and 12% in the Bank of London.

Original article: toutiao.com/article/1855215684424835/

Statement: The article represents the views of the author himself.