## Germany may look to withdraw its gold from US

Authored by mining.com

Germany may look to repatriate the vast amount of gold it currently stores in New York amid concerns over US President Donald Trump’s unpredictable tariff policies, the Telegraph reported on Friday.

Currently, Germany has the world’s second-largest gold reserves at about 3,350 tonnes, behind only the US and its 8,100 tonnes.

Germany’s appetite for gold has been well documented due to its turbulent history.

By the 1960s, Germany had become one of the world’s largest gold holders, with much of its reserves stored abroad — in New York, London and Paris — to ensure accessibility in case of conflict.

Behind the decision to store that gold aboard is the amount of trust it had built with its Western allies, particularly the US.

The New York Fed, as the world’s largest gold custodian, stores about 6,300 tonnes of gold on behalf of more than 30 foreign central banks.

In addition to Germany, other prominent European economies storing their gold with the New York Fed include Italy and Switzerland. »

### This is the stock market’s worst start to a presidential term in modern history

Authored by edition.cnn.com

Weeks earlier, Trump confidently predicted that if he lost, “the result will be a Kamala economic crash, a 1929-style depression.”.

Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history.

The only similar drop for an elected president so quickly into his presidency was under George W. Bush in 2001. »

### Trump Plans $92 Million Military Parade—Honoring Himself

Authored by newrepublic.com

But the idea got a lot of pushback from military leaders as well the D.C. government, who estimated that it would cost the military $92 million and the district over $21 million in public safety costs.

Trump angrily abandoned the idea, accusing D.C. politicians of wanting “a number so ridiculously high that I canceled it.

The legal firings presumably give Trump loyalists who would defend his parade if it is challenged in the courts. »

### Elon Musk's X to clamp down on parody accounts

Authored by bbc.com

Elon Musk's X to clamp down on parody accounts.

Some users have complained about confusion caused by parody accounts on the platform, such as those impersonating its owner Elon Musk.

Many parody accounts on X identify their parody nature in brackets at the end of user names, but this is not a fool-proof measure. »

### Trump Orders Four Mile Military Parade for His 79th Birthday

Authored by thedailybeast.com

President Donald Trump is making plans for a military parade in Washington, D.C., on his 79th birthday, according to a report.

The White House told Fox that “no military parade has been scheduled” for Trump’s birthday, but stopped short of saying outright there would not be one.

President Donald Trump and first lady Melania Trump watch a U.S. military aircraft flyover at the "2020 Salute to America." »

## In pictures

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