▲ 337 ▼ Netherlands moves 86 tonnes of gold from US and Canada to UK (www.euronews.com) submitted 15 hours ago by Tango@piefed.ca to c/world@lemmy.world 34 comments fedilink hide all child comments The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
[–] codydodd@lemmy.ca 131 points 14 hours ago (3 children) As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour. permalink fedilink source hideshow 6 child comments replies: [–] YouTalkinToMe@lemmy.world 12 points 4 hours ago The Dutch love Canadians, don't worry, permalink fedilink source parent [–] Malica@lemmy.zip 8 points 8 hours ago This is what it is permalink fedilink source parent [–] Humanius@lemmy.world 78 points 14 hours ago* (3 children) 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. permalink fedilink source parent hideshow 6 child comments replies: [–] Hugh@programming.dev 7 points 2 hours ago The UK famously stole Venezuela's gold, so I wouldn't trust them much more... permalink fedilink source parent [–] YouTalkinToMe@lemmy.world 2 points 4 hours ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] nibbler@discuss.tchncs.de 2 points 1 hour ago The first ones to run the bank are the ones who get their gold, right? permalink fedilink source parent [–] Eheran@lemmy.world 28 points 14 hours ago (1 child) But isn't that exactly being prepared for the crisis? permalink fedilink source parent hideshow 2 child comments replies: [–] marcos@lemmy.world 37 points 13 hours ago* 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. permalink fedilink source parent
[–] YouTalkinToMe@lemmy.world 12 points 4 hours ago The Dutch love Canadians, don't worry, permalink fedilink source parent
[–] Humanius@lemmy.world 78 points 14 hours ago* (3 children) 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. permalink fedilink source parent hideshow 6 child comments replies: [–] Hugh@programming.dev 7 points 2 hours ago The UK famously stole Venezuela's gold, so I wouldn't trust them much more... permalink fedilink source parent [–] YouTalkinToMe@lemmy.world 2 points 4 hours ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] nibbler@discuss.tchncs.de 2 points 1 hour ago The first ones to run the bank are the ones who get their gold, right? permalink fedilink source parent [–] Eheran@lemmy.world 28 points 14 hours ago (1 child) But isn't that exactly being prepared for the crisis? permalink fedilink source parent hideshow 2 child comments replies: [–] marcos@lemmy.world 37 points 13 hours ago* 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. permalink fedilink source parent
[–] Hugh@programming.dev 7 points 2 hours ago The UK famously stole Venezuela's gold, so I wouldn't trust them much more... permalink fedilink source parent
[–] YouTalkinToMe@lemmy.world 2 points 4 hours ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] nibbler@discuss.tchncs.de 2 points 1 hour ago The first ones to run the bank are the ones who get their gold, right? permalink fedilink source parent
[–] nibbler@discuss.tchncs.de 2 points 1 hour ago The first ones to run the bank are the ones who get their gold, right? permalink fedilink source parent
[–] Eheran@lemmy.world 28 points 14 hours ago (1 child) But isn't that exactly being prepared for the crisis? permalink fedilink source parent hideshow 2 child comments replies: [–] marcos@lemmy.world 37 points 13 hours ago* 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. permalink fedilink source parent
[–] marcos@lemmy.world 37 points 13 hours ago* 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. permalink fedilink source parent