Summary
Several countries continue to store their gold reserves in the U.S. Federal Reserve, despite recent actions by France, which withdrew its gold for financial reasons. Countries like Germany, Lebanon, India, and Italy have gold stored in the Federal Reserve, primarily in New York.
Key Facts
- France recently removed all its gold from the U.S. Federal Reserve.
- The U.S. Federal Reserve holds gold for various countries and international organizations.
- Germany stores some of its gold in the New York Federal Reserve.
- Lebanon also keeps about 40% of its gold reserves in New York.
- India uses foreign vaults, including the Federal Reserve in New York, to store gold.
- Italy houses over a third of its gold reserves in the New York Federal Reserve.
- The Netherlands has gold in New York, Ottawa, and London.
- Calls were made to Germany and Italy to move their gold out of the U.S. due to geopolitical concerns.
