国际金价新高叠加“特朗普变数”，德国各界呼吁从美国撤出黄金储备

Core Viewpoint - The call for Germany to repatriate its gold reserves from the United States has intensified due to changing transatlantic relations and the unpredictability of the Trump administration, with prominent economists and politicians advocating for this move as a means to enhance Germany's strategic independence [1][3][4]. Group 1: Economic and Political Context - Germany holds the world's second-largest gold reserves, approximately €164 billion (1,236 tons), with about 37% stored in New York [1][4]. - The current geopolitical climate and the unpredictability of U.S. policies have led to concerns about the safety of Germany's gold stored in the U.S. [3][4]. - Prominent figures, including Emanuel Mönch and Michael Jäger, argue that the risks associated with keeping gold in the U.S. outweigh the benefits, especially in light of recent U.S. actions [3][4]. Group 2: Public and Political Support - The issue of repatriating gold has transitioned from being a fringe topic associated with far-right parties to a mainstream discussion among various political factions in Germany [4][5]. - Politicians like Katharina Beck have publicly supported the repatriation, emphasizing the importance of national sovereignty in economic and security policies [4]. - The German government, while facing increasing internal pressure, has not yet made a definitive move to withdraw its gold reserves [5]. Group 3: Market Implications - The recent surge in gold prices, surpassing $5,000 per ounce, reflects growing investor interest and concerns over geopolitical stability [1]. - There is a broader reflection within Germany regarding its financial assets in the U.S., including potential discussions about selling U.S. dollar assets amid rising tensions [6][7]. - Analysts have noted that Europe holds approximately $8 trillion in U.S. bonds and stocks, raising questions about the sustainability of this investment given the current geopolitical landscape [7][8].