this post was submitted on 05 Apr 2025
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chapotraphouse

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["megaheist movie plot" news] Germany is considering the withdrawal of approximately 1,200 tons of gold, valued at around $124 billion, from a US Federal Reserve vault in New York. (archive.ph)
submitted 3 months ago by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net
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[โ€“] 7bicycles@hexbear.net 26 points 3 months ago (3 children)

why does germany have $124 billion in gold in the US Federal Reserve in New York?

[โ€“] Kestrel@hexbear.net 5 points 3 months ago

Apparently it goes back to the early cold war with West Germany wanting a strategically safe storage location. They've been trying to repatriate for a while now.

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