Source: Foundation for Economic Education
by Mark Nayler
“For decades, the Federal Reserve Bank of New York has been seen by the world’s governments as a safe haven for a portion of their gold deposits. But under the mercurial reign of President Donald Trump, and in a general atmosphere of geopolitical turbulence, that is quickly changing. Several European countries have already relocated—or are under pressure to relocate—their gold from New York to domestic vaults, prompted by concerns about the stability of the regulatory environment under Trump. According to the World Gold Council, 59% of the world’s central banks now prefer to keep their gold at home, compared to 41% just two years ago.” (09/22/26)