The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
Germany should do the same.
Take me with
smart.
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.
Trump doesn’t WANT the dollar to be a reserve currency. Not exactly, anyway.
Lol, they’re scared it won’t be there later if Trump gets desperate.
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”.
As an American, I always thought winning would look different.
are you tired of the winning yet?
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.
OPEN UP AND ACCEPT YOUR WINNING!
“Shit. That gold was earmarked for the ballroom plumbing! We can never have a nice ballroom now!” /s
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.
Here are your 50 tons of depleted uranium bars.
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.
idk, i’d rather have the tungsten than the gold
WTF! We can do that? Just post gifs on the internet?!
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!
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.
there should be a button to view the source of my comments, but basically:
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.
Fuck it, this is too modern for me.
D’oh!
Does this count as an import to the UK and do/can they tariff it?
The gold is a financial instrument and not a purchased commercial product being imported for consumption, so it is not subject to import duties or tax.
They’re banks, ofc they have some convoluted financial trick not to pay.
Good move, I wouldn’t be surprised if the tangerine douchebag is using gold from the vault to play Scrooge Mcduck.
You flipped his initials - TD
I wish he did. Let him dive from a high board onto a pile of gold coins. It would be like diving onto concrete. No way he’d survive.
"People say I dive like no one has dived in the history of diving. Right into a tremendous pile of golden…👐gold. I’ll be surrounded by the gold. Amazing if I say so myself. It’s like a bath. A large gigantic bath of gold.
A golden shower is what I’m getting at. 👐"
We’re not lucky enough
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.
But they wouldn’t, because of the implication.
Are you going to hurt those countries?
They actually had the gold? “Partially by selling” aha.
I wonder who will end up holding that particular bag.
Yeah gee I wonder. Let’s check the archives for similar situations and oh god. Oh God. OH GOD.
Some few will end up with paper ̶g̶o̶l̶d̶ de toilette.
Look up who kept their gold there the last time when the country’s citizens asked for local storage.
As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.
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.
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.
You’ve burned down the White House before. I have faith in you.
I think we’d wanna go after maralogo first but that’s far away.
The Dutch love Canadians, don’t worry,
Tulips
Tulips that meet as one
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.
The UK famously stole Venezuela’s gold, so I wouldn’t trust them much more…
But isn’t that exactly being prepared for the crisis?
I think the implication is that the crisis could be anything and not to the result of any particular specific concern.
Where as everybody knows that it’s because Trump is going to try and become a dictator in November when he inevitably will have a tantrum about losing the midterms.
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.
The US has been unreliable for the entirety of its history. They relate to both world wars, and they’ve equipped numerous would be terrorists and dictators in various banana republics.
Also they play Baseball which everybody knows is just Rounders which they renamed
and have you listened to that jazz “music”? polyrhythmic nonsense!
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.
The first ones to run the bank are the ones who get their gold, right?
No, they get a gold painted commemorative coin for their donation.
This is what it is
Didn’t a country make a tidy profit by doing the selling and buying?
“Of course we have your gold!! We just perform a very complex set of financial operations on it so you can’t actually get the gold but we can give you a paper receipt to show that you own it!”
