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Central banks around the world are accelerating a quiet but powerful shift — pulling their gold reserves out of U.S. and foreign custody. Germany led this move over a decade ago, repatriating 674 tonnes of gold from the Federal Reserve and Banque de France. Now others are following. Why? In this exclusive Kitco News interview, Jeremy Szafron speaks with Peter Boehringer, Member of the German Bundestag and former Chair of the Budget Committee, who spearheaded Germany’s gold repatriation. Boehringer breaks down why trust, control, and monetary sovereignty are pushing countries to rethink their reserve strategies — and why this trend is only gaining speed in 2025.