Where has our gold gone? NATO allies demand $245 billion worth of gold back from US

Dollar is under major threat, NATO allies recently asked the US “Where has our gold gone?” Germany-France-Netherlands NATO group requests $245 billion worth of gold back from the US amid Trump’s threat to “force the Fed” to do as it pleases, warning that history may repeat itself, Iraq-Libya-Venezuela challenge the financial system, may not end well.

The first attack on the US dollar’s power has begun.

It was inevitable that the first assault on the US dollar’s power would begin, not with bombs or sanctions, but with a simple question: “Where has our gold gone?” as Germany, France and the Netherlands press the US to recall its gold reserves amid rising financial tensions.

Germany, Italy, France and the Netherlands are demanding that the United States return its gold reserves held at the Federal Reserve Bank. We are talking about hundreds of billions of dollars worth of gold. This is a silent but clear move away from relying on the United States to handle key assets. Germany holds over 1,200 tons of gold in New York. Italy has a similar amount. Together, they are worth over $245 billion.

The ask the gold back is a symbolic act?

It is clear that this recall is not just a symbolic gesture, but a declaration of “strategic independence” and a warning in the form of logistical processes. The reason why it is happening now is because Donald Trump is back, and this time he is openly threatening to take political control of the US Federal Reserve. If the Fed does not cut interest rates, he will “force it to do something”. Europe clearly understands this message.

The Fed can delay, obstruct or deny, as it did in 2012 when Germany asked for its gold back. That year, Germany asked for 300 tons of its gold back. The Fed said it would take seven years, not because of logistical problems, but because “what’s in the fortress, the U.S. doesn’t give back easily.”

History shows that any country that dares to demand the return of its gold, or to assert its monetary independence, is unlikely to escape disastrous consequences. Saddam sold his oil in euros. He was overthrown. Gaddafi proposed the idea of ​​a “golden dinar” for Africa. NATO launched missiles. Maduro demanded his gold back. London refused, and sanctions followed.

The inclusion of France and the Netherlands in the gold recovery plan is a turning point. They are NATO allies, not pariahs. If they still feel the need to protect themselves from the Fed, the old trust has broken down. Reclaiming gold is not just about image, it is about protecting national assets from the temperament and power of unstable empires. The dollar may still be the dominant currency, but it is no longer an unquestionable power.

Why do many countries have to deposit their gold with the United States?

Many countries choose to park their gold in the United States, particularly the Federal Reserve Bank of New York (FED), for the following important reasons:

1. High level of security
   The FED has one of the tightest security systems in the world.
   Depositing gold here is equivalent to storing it in a “global safe”, making many countries feel confident.
2. Financial Status of the United States
   The United States is the world’s leading economy (largest economy)
   The US dollar is the “Global Reserve Currency”
   Holding gold in America facilitates international transactions
3. Convenient for international gold transactions
   If the gold is in the same place, such as the New York FED, countries can “transfer gold” between each other without actually transporting it (just changing the owner’s name in the system).
   Reduce transportation costs and risks
4. Logistical constraints in some countries
   Some countries do not have enough safe storage of gold (especially during times of war or economic crisis)
   such as during the Cold War or the crises in Venezuela and Germany, making it uncertain whether gold is safe in their country.
5. History and Trust in the United States
   After World War II, many countries deposited gold with the United States to protect against aggression.
   The Bretton Woods system laid the foundation for the dollar to be backed by gold, and much of the gold has been in the United States ever since.

Is it necessary to deposit gold in the United States?

Keeping gold in the United States is not a necessity, but an option that many countries use for economic stability and ease of international transactions, as the United States has a secure gold storage system and is a trusted financial center worldwide. However, in an era of changing political and economic stability, many countries are beginning to consider bringing more gold back to store domestically in order to maintain financial sovereignty and reduce the risk of foreign dependence.

Summary Requesting the return of gold creates a silent war

Several European countries, such as Germany, France and the Netherlands, have begun withdrawing more than $245 billion in gold reserves from the United States, silently challenging the power of the dollar and the Fed to protect financial sovereignty. The turning point is the concern over Donald Trump’s stance that may use political power to intervene in the financial system. If gold remains in New York, countries are at risk of being controlled. This move reflects a clear erosion of faith in the role of the United States as the “global financial guardian”.

Reference: IMCT News Thai Perspectives on Global News

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