Germany and Italy pressed to bring $245B of gold home from US
Hacker NewsMonday, June 23, 2025 at 11:21:47 AM
Germany and Italy are facing growing pressure to repatriate a staggering $245 billion worth of gold reserves currently stored in the U.S. Advocates argue that keeping their gold on home soil would bolster national sovereignty and financial security, especially amid global economic uncertainty. Critics, however, question the logistical risks and costs of moving such vast quantities of precious metal.
Editor’s Note: This isn’t just about moving shiny bars from one vault to another—it’s a high-stakes debate over trust, control, and preparedness. With economic tensions rising globally, where countries store their gold can signal how they view international alliances and their own readiness for a crisis. For everyday folks, it’s a reminder that even in a digital age, physical assets like gold still shape the world’s financial backstage.
— Curated via WP Now’s
