---
title: "Trump: He who has the gold makes the rules"
description: "European gold in US custody:\n- Germany: ~40% of gold holdings\n- Italy: ~50%\n- Netherlands: ~30%\n \nNot your vault, not your gold ???\n\nSource: Lukas Ekwueme\n@ekwufinance"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Trump: He who has the gold makes the rules](https://blog.syzgroup.com/syz-the-moment/trump-he-who-has-the-gold-makes-the-rules)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 28, 2026, 4:44:34 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/trump-he-who-has-the-gold-makes-the-rules)

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