American Gold is German Gold

Why Is Gold Being Repatriated to the U.S.?

Housekeeping:. Slated for Monday, but up or down it’s going to be a busy week.. so enjoy a little conspiracy theory early today.

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Contents (1400 words)

1. The Central Question: Why Is Gold Being Repatriated to the U.S.?

2. Alternative Theories: Fort Knox, Remonetization, and Digital Gold

3. Germany’s History with U.S.-Held Gold

4. The Case for Germany Wanting Its Gold Back—Again

5. The Core Thesis: Reshoring Payment Chains

6. Addendum on Payment Chains

The Central Question: Why Is Gold Being Repatriated to the U.S.?

So here’s our core argument: one of the most likely candidates driving the gold repatriation to the U.S. is Germany’s desire and potential recalling to get it back onshore. Bringing it back in advance means no delays when/if Germany asks. To be honest, all these reasons fall under the same umbrella of Payment Chain Onshoring anyway…

One of the questions frequently asked in the gold space surrounds the massive repatriation of gold to the U.S.—a topic clouded with much misinformation.

There are several potential reasons for this move being discussed—many of which were covered in this space first. The leading candidate is this: gold is being brought back to the U.S. in response to Basel III going into implementation, with rollout scheduled for July 1, 2025.

That, in our opinion, is the most likely explanation—or at least the trigger—for the repatriation. Whether it’s our gold or someone else’s remains to be seen, but we’ll come to that in a second.