AfD Pushes for Full Repatriation of Germany's Gold Reserves to Strengthen Economic Sovereignty

The Alternative for Germany (AfD) party has submitted a proposal demanding the complete repatriation of Germany's gold reserves, currently totaling 3,350 tons and valued at approximately 460 billion euros. Presently, 51% of this gold is stored domestically, while 49%, worth about 225 billion euros, remains abroad primarily in New York and London. The AfD urges the federal government to collaborate with the Bundesbank to develop a timeline for bringing all reserves back to Germany, with the goal of storing future reserves domestically. This move is seen by the party as crucial for maintaining the option of a gold-backed national currency after the Euro, underscoring gold’s psychological and material importance to economic stability, given that its appreciation in the Bundesbank’s balance sheet exceeds 150 times the bank’s equity.

This call for repatriation comes amid broader political strategies by the AfD focusing on addressing citizens' rising fears about economic security and quality of life, which have contributed to increased support for extremist parties. The AfD plans to present comprehensive solutions at their December congress, focusing on renewing democracy and promoting sustainable economic growth. These proposals aim to restore confidence in political institutions and establish a more equitable, planet-conscious economic framework.

According to political analysts, the AfD’s gold repatriation demand symbolizes the party’s emphasis on economic sovereignty and monetary stability. This aligns with their larger strategy to respond to voter insecurities about job security and living standards, advocating for concrete measures to enhance Germany’s autonomy in economic affairs.