β² 141 βΌ Dutch central bank shifts billions in gold to London in 'crisis preparedness' move (apnews.com) submitted 3 days ago by CAVOK@lemmy.world to c/europe@feddit.org 25 comments fedilink hide all child comments
[β] Mouselemming@sh.itjust.works 9 points 3 days ago (1 child) That must've been one heavy shipping container. (Well, probably more than one, but I'm keeping it because of the expression.) permalink fedilink source hideshow 2 child comments replies: [β] StupidBrotherInLaw@lemmy.world 17 points 3 days ago* (last edited 3 days ago) (2 children) They just sold most of it and purchased gold in London. The remaining 27 metric tonnes they did ship would only take up 1.4 cubic meters as a solid block, so probably 2-3 cubic meters as bars. A large shipping container can hold about 68 cubic meters, though they'd likely have to spread the gold out to better distribute its weight no matter the shipping method. permalink fedilink source parent hideshow 4 child comments replies: [β] Mouselemming@sh.itjust.works 6 points 3 days ago (1 child) Thanks for the facts! permalink fedilink source parent hideshow 2 child comments replies: [β] StupidBrotherInLaw@lemmy.world 6 points 3 days ago My pleasure! I was curious myself and thought you might appreciate what I found. permalink fedilink source parent [β] kingofras@lemmy.world 4 points 3 days ago (1 child) People forget that gold is nearly twice as dense as lead. Itβs is extraordinarily impractical to transport in large quantities. Conversely you can transport a significant value of gold almost unnoticed - an average us salary weighs under half a kilo in gold today. permalink fedilink source parent hideshow 2 child comments replies: [β] muelltonne@feddit.org 2 points 2 days ago It is also not reacting to anything - you can bury your gold somewhere and it will be fine after several thousand years. If you try this with bank notes, chances are that they have rotten away or that the central bank has introduced new notes. That makes gold the perfect thing for criminal enterprises. permalink fedilink source parent
[β] StupidBrotherInLaw@lemmy.world 17 points 3 days ago* (last edited 3 days ago) (2 children) They just sold most of it and purchased gold in London. The remaining 27 metric tonnes they did ship would only take up 1.4 cubic meters as a solid block, so probably 2-3 cubic meters as bars. A large shipping container can hold about 68 cubic meters, though they'd likely have to spread the gold out to better distribute its weight no matter the shipping method. permalink fedilink source parent hideshow 4 child comments replies: [β] Mouselemming@sh.itjust.works 6 points 3 days ago (1 child) Thanks for the facts! permalink fedilink source parent hideshow 2 child comments replies: [β] StupidBrotherInLaw@lemmy.world 6 points 3 days ago My pleasure! I was curious myself and thought you might appreciate what I found. permalink fedilink source parent [β] kingofras@lemmy.world 4 points 3 days ago (1 child) People forget that gold is nearly twice as dense as lead. Itβs is extraordinarily impractical to transport in large quantities. Conversely you can transport a significant value of gold almost unnoticed - an average us salary weighs under half a kilo in gold today. permalink fedilink source parent hideshow 2 child comments replies: [β] muelltonne@feddit.org 2 points 2 days ago It is also not reacting to anything - you can bury your gold somewhere and it will be fine after several thousand years. If you try this with bank notes, chances are that they have rotten away or that the central bank has introduced new notes. That makes gold the perfect thing for criminal enterprises. permalink fedilink source parent
[β] Mouselemming@sh.itjust.works 6 points 3 days ago (1 child) Thanks for the facts! permalink fedilink source parent hideshow 2 child comments replies: [β] StupidBrotherInLaw@lemmy.world 6 points 3 days ago My pleasure! I was curious myself and thought you might appreciate what I found. permalink fedilink source parent
[β] StupidBrotherInLaw@lemmy.world 6 points 3 days ago My pleasure! I was curious myself and thought you might appreciate what I found. permalink fedilink source parent
[β] kingofras@lemmy.world 4 points 3 days ago (1 child) People forget that gold is nearly twice as dense as lead. Itβs is extraordinarily impractical to transport in large quantities. Conversely you can transport a significant value of gold almost unnoticed - an average us salary weighs under half a kilo in gold today. permalink fedilink source parent hideshow 2 child comments replies: [β] muelltonne@feddit.org 2 points 2 days ago It is also not reacting to anything - you can bury your gold somewhere and it will be fine after several thousand years. If you try this with bank notes, chances are that they have rotten away or that the central bank has introduced new notes. That makes gold the perfect thing for criminal enterprises. permalink fedilink source parent
[β] muelltonne@feddit.org 2 points 2 days ago It is also not reacting to anything - you can bury your gold somewhere and it will be fine after several thousand years. If you try this with bank notes, chances are that they have rotten away or that the central bank has introduced new notes. That makes gold the perfect thing for criminal enterprises. permalink fedilink source parent