The Alternative for Germany (AfD) party argues that citizens have the right to have national assets, including gold reserves, kept under German control. This discussion has been amplified by the influence of the Federation of Taxpayers in Germany, which has called for the repatriation of gold reserves from the Federal Reserve of the United States, citing concerns about the unpredictable policies of President Donald Trump.
Germany holds the second largest gold reserve in the world, approximately 3,350 tons, with over half stored in Frankfurt and the rest in the USA and the UK. The President of the Bundesbank, Joachim Nagel, states that the gold is safe at the Fed, but politicians like Marie-Agnes Strack-Zimmermann are calling for its return in light of global uncertainties. Recently, 300 tons were transferred back to Frankfurt, but the debate continues.
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