Germany, which ranks second in the world in terms of gold and foreign currency reserves, does not rule out the possibility of withdrawing its gold reserves from the United States. This was reported by Politico.

Germany stores 37% of its total gold reserves at the Federal Reserve Bank located in New York. The value of 1,236 tons of gold amounts to 113 billion euros. There is growing concern in Germany over the unpredictable policies of Donald Trump, and many believe that the U.S. is no longer a reliable partner.

Germany had assumed that, if necessary, it would be able to exchange its gold held in the U.S. for dollars or another hard currency.

The publication notes that the idea of inspecting or repatriating gold reserves from the U.S. is periodically discussed in Germany’s political circles, but now the issue may be placed on the agenda with full seriousness.