The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.

    • kreskin@lemmy.world
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      7 days ago

      If you are above the 1% in wealth in the US, these are the best times for you in American history. Measurably much better than the gilded age.

      We’re almost coming to parity with medieval pre revolution France.

      • A wildly unequal treatment by the justice system
      • The will of the public is not represented in what government does.
      • Massive national (public) debt
      • Disconnected leaders vs frustrated starving peasants who feel they have no future.
      • Profligate royal spending
      • A huge wealth gap across society
      • Increasingly poor treatment of the peasantry by the wealthy driving a breakdown of societal trust
      • regressive Taxation focussed on lower class paying for everything
      • Useless foreign wars that serve no national interest.

      Its all pretty much spot on. All we lack is someone with the formal title “king”, a few droughts and extreme weather, and a run of bankruptcies and we are all the way there, or even past the french situation.

      • Sunflier@lemmy.world
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        6 days ago

        All we lack is someone with the formal title “king”, a few droughts and extreme weather,

        Don’t worry

        and

  • Snowies@lemmy.zip
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    7 days ago

    Smart move.

    As an aside, this does not bode well for us hanging onto the dollar as the world reserve currency through 2028 and beyond.

  • 0x0@lemmy.zip
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    6 days ago

    IT would’ve made more sense to move to Canada… or the Netherlands.

  • SirLeToet@lemmy.world
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    That’s just about 1/3rd of the gold the Dutch have left in the US.

    Everyone likes to blame the orange turd, the Dutch started removing gold from the US prior to the orange turd and moved 122 tons in 2014. The administration at the time denied the Dutch from taking back more gold.

    • mirshafie@europe.pub
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      6 days ago

      America’s fall is not Trump’s fault. He’s just a very good poster boy for it, and a great accelerator.

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    8 days ago

    As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.

    • Humanius@lemmy.world
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      That is basically it yeah. The vast majority of gold was moved from the US (essentially 41% of Dutch gold reserves in the US were moved out), while we barely moved anything out of Canada.

      The official reason is “crisis preparedness”, but I believe the actual unofficial and unspoken reason is that the US is simply too unreliable to store our gold.

        • marcos@lemmy.world
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          Yes. Crisis preparedness is just polite talk for “we expect shit to hit the fan, so we are acting on it”.

          IMO, it’s way worse than just claiming the US is unreliable.

          • Echo Dot@feddit.uk
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            7 days ago

            The US has been unreliable for the entirety of its history. They relate to both world wars, and they’ve equipped numerous would be terrorists and dictators in various banana republics.

            Also they play Baseball which everybody knows is just Rounders which they renamed

        • Echo Dot@feddit.uk
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          7 days ago

          I think the implication is that the crisis could be anything and not to the result of any particular specific concern.

          Where as everybody knows that it’s because Trump is going to try and become a dictator in November when he inevitably will have a tantrum about losing the midterms.

          • Arctic_monkey@leminal.space
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            6 days ago

            Nah, you guys have two years until he makes his dictator play. Democrat wins in November will just serve as a justification.

      • YouTalkinToMe@lemmy.world
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        7 days ago

        I’m already relieved it was still there. But it is likely not the same gold that we put there - there recently was a story about that.

    • mcv@lemmy.zip
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      We’re afraid the US might attack Canada and then Canada conquers our gold and keeps it as spoils of war. Not that you don’t deserve it, but better it be someone else’s gold.

      • Smaile@lemmy.ca
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        7 days ago

        Idk if we could pull of anything other then a repel, if anything we’d encourage a splitting of the the USA, it’s clear a certain half of the country can’t be trusted and should never have been let back in without letting them fail on their own first.

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    8 days ago

    This is the second story/country like this I’ve read about recently doing this same thing. I can’t tell if it’s supposed to be a political signal or if these countries are anticipating some kind of breakdown in their ability to access the gold if it remains in the US. Do they think we wouldn’t give it up? Do they expect there will be war on this continent? Do they fear Trump will plunder it? It’s a somewhat unsettling consideration.

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    7 days ago

    Lol, they’re scared it won’t be there later if Trump gets desperate.

    • Tango@piefed.caOP
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      Desperate or vindictive. There was a recent debate over whether the EU should use the money in the Russian accounts it suspended to bankroll Ukraine, because Russia owes Ukraine reparations. One of the reasons that might not be a good idea is that a lot of EU money is in the USA, and with Trump it’s monkey see, monkey do. Except for “the EU should” read “the USA should”, for “Russian accounts” read “EU accounts”, for “bankroll Ukraine” read “line Trump’s pockets”, and for “because Russia owes Ukraine reparations” read “because Trump likes money”.

  • Doorbook@lemmy.world
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    7 days ago

    If they can kidnap another country leader, and the entire alliance says nothing, you know they will say nothing of the US did the same to Canada.