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

  • 0x0@lemmy.zip
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    1 day ago

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

    • Tango@piefed.caOP
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      2 days ago

      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”.

  • SirLeToet@lemmy.world
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    1 day ago

    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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      18 hours ago

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

    • kreskin@lemmy.world
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      2 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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        1 day ago

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

        Don’t worry

        and

  • codydodd@lemmy.ca
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    3 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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      3 days ago

      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.

    • mcv@lemmy.zip
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      2 days ago

      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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        2 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.

  • Snowies@lemmy.zip
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    2 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.

  • SGGeorwell@lemmy.world
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    3 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.

  • Treczoks@lemmy.world
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    2 days ago

    I hope they tested the gold bars for e.g. tungsten rods.

    And i hope our national bank gets smart enough to follow that move.

      • Treczoks@lemmy.world
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        2 days ago

        They do have a nice and close weight, but their radioactivity gives them away.

        Tungsten has a density of 19.25g/cm3. Compared to Gold with 19.32g/cm3, they are rather close. Uranium is a little less dense at 19.16g/cm3.

              • Ann Archy@lemmy.world
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                2 days ago

                No but seriously how did you do that? Did you upload a .gif as an image? This will open up an ocean of… Good use for me!

                • Tango@piefed.caOP
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                  2 days ago

                  Bear in mind though, that your instance (in your case, lemmy.world) will bear the cost of storing your .gif, and lemmy.world doesn’t have ad revenue to pay for that like Reddit does. So use .gifs sparingly.

                • MinnesotaGoddam@lemmy.world
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                  2 days ago

                  there should be a button to view the source of my comments, but basically:

                  ![alt text](imagesourcehtmllink)

                  for those of y'all who would like to skip the tutorial, skip it

                  if you include the ! it renders the image or gif (the link needs to be a direct path to the image, not just the page it’s on. it might take a little experimenting. it did for me) and if you don’t it just has the text and a link to the image.

                  without the !

                  first image: I NEED TUNGSTEN TO LIVE

                  with the !

                  i have been told if we add “hovertext” after the link (but still in the parens) we can add hovertext, but i haven’t experimented with nor figured it out yet so i can’t really advise you on it, sorry. there’s always bigger fish.

  • Doorbook@lemmy.world
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    2 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.