The Aporia
The Aporia
Rampell, C. (2026, September 4). Europe’s Gold Fled the Nazis. Now It’s Fleeing Trump. The Bulwark. https://www.thebulwark.com/p/europe-gold-fled-the-nazis-now-its-fleeing-trump
Rampell, Catherine. “Europe’s Gold Fled the Nazis. Now It’s Fleeing Trump.” The Bulwark, 4 Sept. 2026, https://www.thebulwark.com/p/europe-gold-fled-the-nazis-now-its-fleeing-trump.
Rampell, Catherine. “Europe’s Gold Fled the Nazis. Now It’s Fleeing Trump.” The Bulwark, September 4, 2026. https://www.thebulwark.com/p/europe-gold-fled-the-nazis-now-its-fleeing-trump.
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European countries are moving their gold reserves out of the United States, with $12 billion being shifted by the Dutch central bank from New York to London, and $15 billion by France's central bank from New York to Paris. This follows a similar trend, as Germany and Italy have been considering pulling their gold reserves from US vaults. The main reason for this move is not economic instability, but rather a loss of trust in the United States under President Trump's administration. European countries are taking back control over their gold reserves to protect them from potential seizures or restrictions imposed by the US government. This shift reflects a growing distrust between the US and its allies, echoing a similar event nearly a century ago when Europe evacuated its gold to America to safeguard it from the Nazis.
