The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.

  • codydodd@lemmy.ca
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    9 hours ago

    As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.

    • Humanius@lemmy.world
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      9 hours ago

      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.

        • marcos@lemmy.world
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          8 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.

  • SGGeorwell@lemmy.world
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    9 hours ago

    This is the second story/country like this I’ve read about recently doing this same thing. I can’t tell if it’s supposed to be a political signal or if these countries are anticipating some kind of breakdown in their ability to access the gold if it remains in the US. Do they think we wouldn’t give it up? Do they expect there will be war on this continent? Do they fear Trump will plunder it? It’s a somewhat unsettling consideration.