Why are European countries withdrawing their gold reserves from North America?Photo by mel_88 on Pexels
Business
Военный конфликт

Why are European countries withdrawing their gold reserves from North America?

BBC News Brasil6 September 2026 at 01:52

European countries are withdrawing their gold reserves from North America, in a movement that has been intensifying in recent years. This trend represents a significant shift in how nations store their precious assets, traditionally held in vaults in the United States and other North American countries.

The phenomenon appears to be a direct response to the unstable global scenario that has characterized the recent period. Geopolitical tensions and international economic uncertainty have led several countries to reassess their reserve storage strategies.

Trade and military wars around the world are cited as factors contributing to this change in behavior. Countries are increasingly concerned about the security of their assets in a volatile and unpredictable international environment.

This decision to keep gold reserves closer to home reflects a search for greater control and security over national assets. The trend indicates that nations are prioritizing autonomy and the protection of their resources over the historical practicality of storing gold in traditional financial centers.

Related articles

Business

September 5th, Security Guard Day in Portugal!

In an opinion post published on Security Guard Day in Portugal (September 5th), Paulo Brito publicly thanked private security guards and criticized the lack of recognition for the profession. The author warned of the existence of professionals who underestimate the field, supervisors with no knowledge of labor laws, and unions that, in his view, promote divisions among security guards of different specialties and negotiate salary increases below the National Minimum Wage. Brito defended the unity of approximately 40,000 security guards as a means of pressure for better working conditions and warned that the fragmentation of the sector only benefits employers.

Madeira Opina06/09/26, 02:52
Business

Swiss watchmaking seeks innovation to attract young consumers

The Swiss luxury watch industry faces significant challenges in attracting younger consumers, with exports falling from 25.4 million units in 2016 to 14.6 million last year. The strategy of offsetting declining sales with higher prices has benefited premium brands such as Rolex, Patek Philippe, and Cartier, but has penalized mid-range manufacturers. The president of Geneva Watch Days and chairman of Bulgari, Jean-Christophe Babin, warns that the sector has prioritized technical improvements over bolder innovations, and that Chinese movements already present quality comparable to Swiss suppliers in the most common complications.

Eco06/09/26, 02:44
Business

Brazilian inequality in 6 graphs: Oxfam study data

An Oxfam study on Brazilian inequality shows that the richest 1% of the population concentrates 24.3% of all national income and 37.3% of the country's wealth, highlighting the extreme concentration of wealth in Brazil. The analysis, presented in six graphs, details how this inequality manifests in different economic and social dimensions of the country.

Pt Noticias06/09/26, 01:55
Business

BPI in Angola. More than three decades of a "beautiful story" that yielded many profits

BPI is about to leave the Angolan market after more than three decades, selling the 33.35% it held in Banco de Fomento Angola (BFA) to Grupo Carrinho for approximately 388.5 million euros. The exit was forced by the European Central Bank in 2014, which required the reduction of exposure to Angola. The initial investment of three million euros generated returns exceeding one billion, including dividends, sales of stakes to Unitel and capital gains. The stake was progressively reduced to the current 33.35%, with the now agreed sale marking the end of a presence that was profitable but conditioned by regulatory obligations.

Eco06/09/26, 01:53