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Why central banks are pulling gold from the U.S., and why it started in Germany
By Jeremy Szafron
Kitco News, Montreal
Friday, June 27, 2025
A quiet repatriation campaign launched by Germany more than a decade ago has now evolved into a global rethink of who controls sovereign wealth.
Peter Boehringer, the architect of Germany's gold repatriation program, says what started as a debate in one Parliament is now playing out in central banks around the world.
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"I started this in 2007. For many years, I was the only one asking these questions in Parliament," Boehringer told Kitco News. "It took six years to get an answer, and we only got moving in 2013. We brought back 674 tonnes -- that was a success. But I wanted all of it back." ...
... For the remainder of the report:
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