European Nations Urged to Repatriate Gold Reserves Amid Geopolitical Tensions
Germany and Italy face mounting pressure to relocate their gold reserves from the New York Federal Reserve as geopolitical tensions escalate. The two nations hold the second and third largest gold reserves globally, valued at over $245 billion combined. Concerns over U.S. monetary policy under President Donald TRUMP have intensified calls for repatriation.
Former politicians and financial experts argue that holding Gold offshore exposes nations to geopolitical risks. The debate highlights growing distrust in traditional financial systems, a sentiment that has historically buoyed interest in decentralized assets like Bitcoin. While the news doesn't directly mention cryptocurrencies, such movements often correlate with increased institutional interest in alternative stores of value.