Germany repatriates gold reserves from US

Reference TimelineLast updated MAR 11
SUMMARY

The German central bank, Bundesbank, successfully completed the repatriation of 300 metric tons of gold from the Federal Reserve in New York in September 2026, with 111 tons returned in the past year. As of March 11, 2026: The repatriation effort, part of a Cold War-era strategy, is complete. Bundesbank board member Carl-Ludwig Thiele confirmed the completion, despite earlier statements from Bundesbank chief Joachim Nagel on January 27, 2026, that German gold reserves in New York remained safe. Germany's total gold reserves are valued at approximately €164 billion, totaling 3,352 tonnes.

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March 2026 — 1 developments

  1. The German central bank, Bundesbank, has successfully completed its plan to bring home 300 metric tons of gold from the Federal Reserve in New York.

    The German central bank, Bundesbank, has successfully completed its plan to bring home 300 metric tons of gold from the Federal Reserve in New York. This repatriation effort concluded in September, with 111 tons returned in the past year. Bundesbank board member Carl-Ludwig Thiele stated that the gold was returned as part of a larger Cold War-era strategy.

February 2026 — 1 developments

  1. The Bundesbank has stated it currently has no plans to relocate German gold holdings from the USA, prioritizing security and tradability.

    The Bundesbank has stated it currently has no plans to relocate German gold holdings from the USA, prioritizing security and tradability.

January 2026 — 12 developments

  1. Bundesbank chief Joachim Nagel stated that German gold reserves kept at the Federal Reserve Bank of New York remain safe, in response to public debate on repatriation.

    Bundesbank chief Joachim Nagel stated that German gold reserves kept at the Federal Reserve Bank of New York remain safe, in response to public debate on repatriation.

  2. Renewed political demands for the Bundesbank to repatriate gold reserves are linked to a noticeable …

    Renewed political demands for the Bundesbank to repatriate gold reserves are linked to a noticeable tightening of transatlantic relations, specifically citing a recent dispute between Washington and European partners over Greenland.

  3. German officials are now advocating for the repatriation of the country's gold reserves held in London, in addition to those in the United States.

    German officials are now advocating for the repatriation of the country's gold reserves held in London, in addition to those in the United States.

  4. Germany's gold reserves are valued at approximately €164 billion, totaling 3,352 tonnes, with about 1,200 tonnes currently stored at the Federal Reserve Bank of New York.

    Germany's gold reserves are valued at approximately €164 billion, totaling 3,352 tonnes, with about 1,200 tonnes currently stored at the Federal Reserve Bank of New York.

  5. Michael Jäger, head of the European Taxpayers Association, has joined the renewed calls from German …

    Michael Jäger, head of the European Taxpayers Association, has joined the renewed calls from German lawmakers and economists for the repatriation of the nation's gold reserves from the United States.

  6. Katrin Göring-Eckardt, the finance spokesperson for the opposition Greens, has joined calls for gold…

    Katrin Göring-Eckardt, the finance spokesperson for the opposition Greens, has joined calls for gold repatriation, indicating the issue has entered mainstream political discourse beyond the far-right.

  7. Emanuel Mönch, a prominent economist and former Bundesbank research head, explicitly stated that storing Germany's gold reserves in the US is "too risky.

    Emanuel Mönch, a prominent economist and former Bundesbank research head, explicitly stated that storing Germany's gold reserves in the US is "too risky." This adds a specific, named expert's opinion to the ongoing calls for repatriation.

  8. Germany is reportedly considering withdrawing its gold reserves from the United States, indicating a…

    Germany is reportedly considering withdrawing its gold reserves from the United States, indicating a potential shift from mere calls for repatriation to actual official examination of the possibility.

  9. German MEP Marie-Agnes Strack-Zimmermann has publicly called for the repatriation of Germany's gold reserves from the US, citing unpredictable US policies.

    German MEP Marie-Agnes Strack-Zimmermann has publicly called for the repatriation of Germany's gold reserves from the US, citing unpredictable US policies. The leading German tabloid BILD has also launched a campaign, urging 'Bring back our gold — it's not safe next to Trump'.

  10. Experts are increasingly concerned about Germany's gold reserves stored in the US, which are valued at approximately €154 billion.

    Experts are increasingly concerned about Germany's gold reserves stored in the US, which are valued at approximately €154 billion.

  11. German economists and politicians call for further repatriation of Germany's gold reserves from the US, citing geopolitical uncertainty and concerns over dependence on Washington.

    German economists and politicians call for further repatriation of Germany's gold reserves from the US, citing geopolitical uncertainty and concerns over dependence on Washington. The Bundesbank still holds around 1,236 tonnes of gold at the US Federal Reserve in New York.

  12. Reports indicate that gold repatriation has become a political flashpoint in Germany, with leaders f…

    Reports indicate that gold repatriation has become a political flashpoint in Germany, with leaders from various political spectrums advocating for bringing bullion home amid global instability.

August 2025 — 1 developments

  1. Discussions within Germany's conservative Christian Democratic Union (CDU) party are reported regard…

    Discussions within Germany's conservative Christian Democratic Union (CDU) party are reported regarding repatriating the remaining gold due to geopolitical tensions and the unpredictability of US politics.

July 2025 — 1 developments

  1. Italian politicians are advocating for the repatriation of their gold reserves held in the United States, joining Germany in this push.

    Italian politicians are advocating for the repatriation of their gold reserves held in the United States, joining Germany in this push.

May 2025 — 1 developments

  1. The German Taxpayers Federation has formally requested that the Bundesbank and the Finance Ministry repatriate Germany's gold reserves from the United States.

    The German Taxpayers Federation has formally requested that the Bundesbank and the Finance Ministry repatriate Germany's gold reserves from the United States.

January 2017 — 1 developments

  1. The Bundesbank completes the transfer of all gold reserves held in Paris to Frankfurt, ahead of the 2020 schedule.

    The Bundesbank completes the transfer of all gold reserves held in Paris to Frankfurt, ahead of the 2020 schedule. By the end of 2016, 47.9% of Germany's gold was in Frankfurt, 36.6% in New York, and 12.8% in London.

January 2015 — 1 developments

January 2014 — 1 developments

  1. The Bundesbank repatriates 120 tons of gold, with 85 tons coming from New York and 35 tons from Paris.

    The Bundesbank repatriates 120 tons of gold, with 85 tons coming from New York and 35 tons from Paris.

January 2013 — 1 developments

  1. The Deutsche Bundesbank announces a plan to repatriate 674 metric tons of gold by 2020.

    The Deutsche Bundesbank announces a plan to repatriate 674 metric tons of gold by 2020. This includes 300 tons from the US and 374 tons from France, aiming to store half of Germany's total gold reserves in Frankfurt.