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- Hacker News
- Dutch central bank moves share of gold from U.S., Canada to Londonby retired
- They want to see how much of it is gold plated tungsten, good for them!by le-mark
- Gotta prepare for the US vs Europe war over Greenland!
see:
>“Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace,” he wrote, adding that the US needed “complete and total control” of Greenland.
not quite sure what's up with this timeline.
by tim333 - https://news.ycombinator.com/item?id=49573455
Why are European countries moving their gold out of North America?
- I am dutch and read the news this week but I found it weird that a part of it went to England. I was expecting a European country.by ivolimmen
- Interestingly, 59 tonnes of gold was sold in USA and bought in London. So that means perhaps "Somebody" transferred 59 tonnes of their gold holdings to the USA.. who was that?
This is similar to what the French did last year.
The other thing I noticed, is that as the article chose to mention:
> Gold that is held with the Bank of England must meet modern international trade standards
with implication being that the gold it previously held in the USA was not meeting those standards, but is that just journalistic fluff? what are those standards? (could be exact weights in g rather than purity?)
NB the Netherlands still has >200 tonnes of gold held in the USA & Canada.
by clort - For those seeking a more level-headed view, the Fed reports on foreign-owned gold monthly. Going back a couple of decades:
The linked report is talking about a change of 1.5% from the latest-reported total amount in tonnes.Month Book value ($M) Tonnes July 2006 8,967 6,606 July 2011 8,412 6,197 July 2016 7,883 5,807 July 2021 7,794 5,742 July 2026 7,812 5,755by rsanek - The funny thing is that with $40T of public dept US is basically taking money from other countries (in exchange for a pice of paper saying IOU) and then using that money to force these countries to do what’s in US best interests (real or perceived). And the bigger that pile of debt is the more every government is invested in us not going bankrupt, hence the leverage just gets stronger. US is basically a private equity typo of global power - getting others to lend them a knife it stabs them in the back.by prymitive