特朗普阴影之下，德国的海外黄金储备还安全吗？

Core Viewpoint - Concerns regarding the safety of Germany's €85 billion gold reserves stored at the New York Federal Reserve have intensified due to U.S. President Trump's unpredictable tariff policies and his conflicts with European allies [1][3]. Group 1: Political Context - German far-right party Alternative for Germany (AfD) member Stefan Keuter has publicly called for the repatriation of gold reserves stored in the U.S., suggesting that the U.S. could use these reserves as leverage [1]. - The German Taxpayers' Association has formally requested the central bank and the finance ministry to withdraw the gold reserves from the U.S., citing concerns over Trump's influence on the Federal Reserve [1]. Group 2: Historical Background - Germany's gold reserves, totaling 3,352 tons, are the second largest in the world, with approximately 36% (1,222 tons, valued at about €85 billion or $92.1 billion) stored at the New York Federal Reserve since the Cold War [1][2]. - The decision to store gold in the U.S. was initially made as a safety measure against potential Soviet threats during the Cold War [2]. Group 3: Current Developments - Germany initiated a partial repatriation of its gold reserves in 2013, successfully transferring 642 tons from New York and Paris back to Frankfurt by 2017, but still retains a significant amount in the U.S. [2]. - The German central bank is in a dilemma, as withdrawing gold could signal distrust towards the U.S., while Trump's rhetoric raises legitimate concerns about the safety of these reserves [3]. Group 4: Market Implications - The global central bank gold purchasing volume has reached a historical high of nearly 1,100 tons in 2023, indicating a trend of countries seeking to reduce their dependence on the U.S. dollar [4].