Nagel: Gold Reserves Remain in the USA - Gold Prices Surge 67% in 2025, Bundesbank Holds Reserves
Gold prices have been surging, with a 67 percent increase this year, making it a popular choice for investors seeking safety. Despite this, the Bundesbank has no plans to sell Germany's substantial gold reserves, which are worth around €375 billion.
The strong demand for gold is driven by speculation about further rate cuts in the US and high public debt. Many investors view gold as a safe haven during uncertain times. Bundesbank president Joachim Nagel has reassured the public that Germany's gold reserves, including those stored at the Federal Reserve Bank in New York, are genuine and match the records.
Germany holds approximately 3,350 tons of gold, with about half of it stored in the US. The Bundesbank regularly inspects and takes samples of its gold reserves stored abroad to ensure their authenticity and quality. Despite some calls to repatriate the gold, the Bundesbank sees diversifying its holdings across different locations as a matter of risk management.
With gold prices breaking records, the Bundesbank has no plans to sell Germany's gold reserves. Instead, it continues to manage its holdings as a risk mitigation strategy, conducting regular inspections to maintain the integrity of its reserves.
