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- Hacker News
- A sad day for orange solidarity.by Ysx
- Omitting Canada from the title feels deliberate.by 0xy
- The amount they took out of Canada is just a lot less.
https://images.cdn.nos.nl/1/4/H/9/t/9/6kexFuRByv6prhDGJSyWt3...
by athrowaway3z - On the grand scheme of things this is 12bil usd worth of gold. The GDP of Netherlands is 1.4 trillion USD. So, this is honestly a foot note.by RandomWorker
- GDP is just a number in a spreadsheet. This is a physical asset.by SanjayMehta
- To put in human terms, it's roughly three day's labor of every worker in the Netherlands.
- The sum of 12 billion USD would be correct for paper gold probably. But in practice, the supply of paper gold exceeds that of physical gold.by radiator
- Not the right comparison to make when comparing gold vs paper currency that can be printed at a whim. The comparison would hold if they pulled out physical fiat currency reserves.by fbrncci
- 86 tonnes worth of gold is about $12.25 billion, or approximately what Nvidia paid for HuggingFace.
- Nvidia is worth many times more than the central-bank holdings of a number of sovereign countries. It's a staggering comparison.by emchammer
- There has been voices in Germany to do the same. I assume they just need longer for the planning and/or coordinate their effort so not not everybody does it the same time, to avoid another tantrum from that orange grumpy man.
That's of course also why a little bit was taken out of Canada.
by bulbar - Why did you modify the title to not include Canada?
According to the HN guidelines:
"Otherwise please use the original title, unless it is misleading or linkbait; don't editorialize."
by inventor7777 - 10 characters had to be removed to fit under the title length limit. “and Canada” was the only real option that maintained coherence. There were no editorial motives behind that selection.by Jimmc414
- good luck with HN title length limit, I dont understand why is length limit so low, I have to edit almost all my submissionsby Markoff
- Not OP but the amount from Canada was next to nothing, which could make the title sound misleading. Just guessing.by rollulus
- Location Before After Change
New York 31.3% 18.5% −12.8 pp
Ottawa 19.7% 18.5% −1.2 pp
London 18.1% 32.1% +14.0 pp
Zeist 30.8% 30.8% 0 pp
Seems it is mostly because there was less trust in the USA, and added a little bit from Canada to make it less obvious.
by jurmous - Is it a coincidence that USA and Canada now have the same amount, but they equalised without transferring any to Canada, and they can say they reduced in both?by wood_spirit
- Earlier this year France has pull out their last remaining gold held in US amounting to 129 tonnes moved to Paris [1].
[1] France pulls last gold held in US (361 comments):
by teleforce - The American Service-Members' Protection Act of 2002, also known as the "Hague Invasion Act", gives the President of the U.S. legal authority to invade the Netherlands to free detained U.S. service members imprisoned by the International Criminal Court.
https://en.wikipedia.org/wiki/American_Service-Members%27_Pr...
by tristanj - So America thinks its above the ICC then?
Explains a lot, lmao.
by fennecfoxy - I feel dumb but how is this related?by leoh
- If you’re inclined to wear a tinfoil hat: Germany had a really hard time repatriating their own gold (hmm) from the US, with the Americans reportedly putting every possible obstacle in their way to slow them down.
Even inspecting the gold to see it was there was apparently too much: https://www.spiegel.de/international/germany/german-politici... with inspections first being refused, then being allowed only to see the entrance to the safe, then only allowed to see one of nine rooms containing the gold, and to look at a small few, but not all gold bars.
I’m sure there’s a perfectly innocent explanation.
by rich_sasha - When you think about it, it's really quite a remarkable state of affairs for a nation to trust another nation so implicitly they give it physical control of (a non-trivial portion of) their treasury, in a sense. And now that is coming unravelled. Another marker of human civilization's slow deteroriation. I remember a time when I thought things would only keep getting better and better with advances in technology and information sharing.... how naive I was.
- not human civilization, just the United States.
- all of human civilisation =/= the USAby c23gooey
- They’re not moving it to the Netherlands. There’s still plenty of countries that the Dutch trust, but the US no longer seems to be on that list.by bspammer