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Germany, Italy Urged to Repatriate $245 Billion in Gold

6/28/2025

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Summary

Story summary

Germany and Italy are facing pressure to bring home a staggering $245 billion in gold from the New York Federal Reserve, as fears grow over financial independence. Advocates like Fabio De Masi and the Taxpayers Association of Europe warn of the dangers of US control, especially in light of Trump's recent critiques of the Federal Reserve. Germany's gold stash stands at 3,352 tonnes, while Italy holds 2,452 tonnes.

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Story summary

Germany and Italy are facing pressure to bring home a staggering $245 billion in gold from the New York Federal Reserve, as fears grow over financial independence. Advocates like Fabio De Masi and the Taxpayers Association of Europe warn of the dangers of US control, especially in light of Trump's recent critiques of the Federal Reserve. Germany's gold stash stands at 3,352 tonnes, while Italy holds 2,452 tonnes.