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Dutch central bank moves 86 tonnes of gold from US citing 'geopolitical unrest'

Posted by Jimmc414 |an hour ago |23 comments

teleforce 14 minutes ago

Earlier this year France has pull out their last remaining gold held in US amounting to 129 tonnes moved to Paris [1].

[1] France pulls last gold held in US (361 comments):

https://news.ycombinator.com/item?id=47658146

jurmous 20 minutes ago

Location Before After Change

New York 31.3% 18.5% −12.8 pp

Ottawa 19.7% 18.5% −1.2 pp

London 18.1% 32.1% +14.0 pp

Zeist 30.8% 30.8% 0 pp

Seems it is mostly because there was less trust in the USA, and added a little bit from Canada to make it less obvious.

inventor7777 11 minutes ago

Why did you modify the title to not include Canada?

According to the HN guidelines:

"Otherwise please use the original title, unless it is misleading or linkbait; don't editorialize."

RandomWorker 14 minutes ago[1 more]

On the grand scheme of things this is 12bil usd worth of gold. The GDP of Netherlands is 1.4 trillion USD. So, this is honestly a foot note.

tristanj an hour ago[1 more]

The American Service-Members' Protection Act of 2002, also known as the "Hague Invasion Act", gives the President of the U.S. legal authority to invade the Netherlands to free detained U.S. service members imprisoned by the International Criminal Court.

https://en.wikipedia.org/wiki/American_Service-Members%27_Pr...

0xy 18 minutes ago

Omitting Canada from the title feels deliberate.

matheusmoreira an hour ago[4 more]

It's honestly quite impressive that it took them this long to do this.

applfanboysbgon an hour ago[3 more]

When you think about it, it's really quite a remarkable state of affairs for a nation to trust another nation so implicitly they give it physical control of (a non-trivial portion of) their treasury, in a sense. And now that is coming unravelled. Another marker of human civilization's slow deteroriation. I remember a time when I thought things would only keep getting better and better with advances in technology and information sharing.... how naive I was.

lucasblake 8 minutes ago

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