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Germany Demands Gold Verification Amid U.S. Tensions

4/6/2025

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Summary

Story summary

Germany holds more than $109 billion in gold at the New York Federal Reserve.
Rising tensions with the U.S. prompt officials, including Michael Jäger, to seek verification and retrieval.
Jäger emphasizes the need for immediate access and physical inspections of gold bars.
European MP Markus Ferber advocates for regular checks of gold reserves.
Despite concerns, Bundesbank continues to trust the Fed for gold storage.

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Story summary

Germany holds more than $109 billion in gold at the New York Federal Reserve.
Rising tensions with the U.S. prompt officials, including Michael Jäger, to seek verification and retrieval.
Jäger emphasizes the need for immediate access and physical inspections of gold bars.
European MP Markus Ferber advocates for regular checks of gold reserves.
Despite concerns, Bundesbank continues to trust the Fed for gold storage.