德国和意大利想要黄金回家！

Core Viewpoint - Germany and Italy are considering repatriating their gold reserves due to distrust in the U.S. as a custodian and rising geopolitical risks [1][4][10] Group 1: Gold Reserves and Custodianship - Germany and Italy hold the second and third largest gold reserves globally, with 3,352 tons and 2,452 tons respectively, relying heavily on the New York Federal Reserve for storage [4] - Approximately 37% of Germany's gold, around 1,236 tons, is stored in the U.S., reflecting historical reliance on the U.S. as a key gold trading hub [4][15] - Recent geopolitical uncertainties and U.S. policy unpredictability have sparked public debates in Europe about the safety of storing gold abroad [4][8] Group 2: Political Support for Repatriation - In Germany, there is growing political support across the spectrum for repatriating gold, with calls for a reassessment of the safety of storing gold overseas [8][10] - The European Taxpayers Association has urged German and Italian authorities to reconsider their dependence on the Federal Reserve for gold storage [10] Group 3: Central Bank Trends - A recent World Gold Council survey indicates that 95% of respondents expect an increase in global central bank gold reserves over the next 12 months, the highest level since the survey began in 2018 [1][13] - About 7% of central banks plan to increase domestic gold storage, the highest level since the pandemic began, driven by concerns over access to gold in crisis situations [13][14] - The trend of repatriating gold is gaining momentum, with countries like India and Nigeria also moving to store gold domestically [13][15] Group 4: Market Dynamics and Gold Demand - Gold has surpassed the euro to become the second-largest reserve asset globally, following the dollar, due to rising geopolitical risks and inflation concerns [15] - Since January, gold prices have increased by 30%, doubling over the past two years, as global uncertainty drives demand for gold as a safe-haven asset [15][16] - The sentiment among central banks is strong, with many viewing gold as a hedge against inflation and a reliable asset during crises [15][16]