Live data from Hacker News

Dutch central bank moves share of gold from U.S., Canada to London

nltimes.nl

141–150 of 273 posts

Re: Dutch central bank moves share of gold from U.S., Canada to London

#141
post #10

Earlier quoted context omitted.

Unironically true. The average person could care less about following politics, but Europeans live football.

> The average person could care less about following politics Could they?

If they isolated themselves from all news, social media, and lived as a hermit, yes. They could care less, but it'd be difficult.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#142

Earlier quoted context omitted.

There is a big difference between some sports association being greedy/unethical and elected officials abusing their position of power (especially when they sit in the highest positions and there are zero consequences).

Right, its just we all lose respect and we're real mad when Donald Trump makes a phone call about something that, well you know frankly the American public agreed with, and we don't lose respect or whatever and we're not outraged when that same extremely corrupt organization continues to do greedy, unethical, and corrupt things. It's astounding that European governments would never do corrupt things. Totally never. A…

Who exactly is talking about goverments? This was a random citizen having the "oh, so this is that rupture they talk about" moment.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#143
post #137
post #71

Earlier quoted context omitted.

> Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted.... was when Trump phoned Infantino to drop a red card during the world cup. FIFA, a largely European organization created by Europeans for a sport that Americans barely care about and in the center of multiple corruption scandals and controversies over the last few decades and you're really going to sit here and try to tell oth…

Yes, exactly that. And precisedly for that reason. FIFA was corrupt. Infantino took it on another level, making it massively more corrupt then before. Then he created a peace price which combined corruption with astonishing lack of self respect and mockery. And then Trump called over the red card, which contrasted with everything before as yes another never seen before level of corruption. But second, FIFA is not an…

A better way to think about it is imagine that FIFA is a massive, roaring inferno of corruption and Europeans are ignoring it and then Donald Trump walks by and tosses a Mcdonalds wrapper on the inferno and it grows every so slightly and now all of a sudden everyone is concerned. Sorry don't care. Most Americans agreed with him doing that as well since the foul was stupid.

There are things worthwhile criticizing folks for. Donald Trump is corrupt. So is FIFA. So are numerous European countries and organizations. But equating Trump making this phone call to "some unheard level that Xi Jingping and Vladimir Putin wouldn't dream of attempting" is absolutely absurd sensationalism that is, frankly, anti-intellectual, dishonest, and only serves to instigate flame wars and other such nonsense.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#144
post #101

Earlier quoted context omitted.

Not half the country. Almost half of the people who voted.

IMO if you don't vote, you're tacitly agreeing with whoever gets voted into office. (Although US voter suppression weakens this argument)

That's reasonable enough, but you have to consider it in the context that we don't vote for president, we vote for state electors to vote for president.

If you live in a 'safe' state, tacitly agreeing with your state's electors doesn't mean tacitly agreeing with the electoral college result.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#145
post #20

Earlier quoted context omitted.

No, but "removing" around half of it from one place is quite a bit. Though I doubt any single physical kg ever moved more than a few meters to the buying countries vault. edit: They physically moved 27 tons, the rest was traded away and bought again in London.

That's the fun thing about gold. It's literal gold, not numbers on a spreadsheet. Moving it really means moving it: bars are stamped and owned, and if the owner wants to move them, those bars need to get transported to wherever the owner says they should be. It's also the idiotic thing about gold, a metal that has no more or less inherent monetary value than a fiat currency =)

That is the non idiotic thing about gold, since it is not fiat, is not easy to produce, and it is easy to verify, it can be used as a currency in less stable times/places. It’s a redundancy. Perhaps bitcoin satisfies many of these properties without the high costs to secure and move gold, but it needs electricity and a network?

https://www.macrotrends.net/1335/dollar-vs-gold-comparison-l...

Re: Dutch central bank moves share of gold from U.S., Canada to London

#146

> “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.” They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.

The US being that 'geopolitical risk'.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#147

Fun fact, France did exactly the same earlier this year (though the trend has been there for decades). [1] https://en.wikipedia.org/wiki/Gold_repatriation#France

There were discussions in Germany to do the same, but I don’t think they followed up on it

Re: Dutch central bank moves share of gold from U.S., Canada to London

#148
post #126

Earlier quoted context omitted.

Wow. This post serves as a great example on how propaganda can brainwash people brain. Sure , Ukraine whose survival solely depends on EU, plans a false flag attempt . To achieve what ? Russia openly attacked territory of eu with drones , infiltration, poison operations , not to mention Slovakia , Orban etc . What is there to prove for Ukraine ???

Ukraine is, in the most positive framing - in a war of attrition that isn't going well. They want greater involvement, ideally much more directly, from NATO countries. And Germany is certainly going to be happy to play along because the AfD is quickly becoming the largest single party in that country. They are Euroskeptical and against continuing the war with Russia. A direct Russian attack on Germany would likely un…

After observing the talk as opposed to the actions of Meloni and Trump, I would bet that the AfD would continue the war as is.

Weidel would make a "Notwendige Politikwende" speech and that's it. They'll then cut social services and enact pro-business laws and make some noise about immigration until ordered by the industry to allow it.

Re: Dutch central bank moves share of gold from U.S., Canada to London

#149
post #17

Earlier quoted context omitted.

He’s doing exactly what he said he would do when he ran. People who voted for him can very much be held accountable.

> People who voted for him can very much be held accountable. Can you give an example of how, in practice, it would work to hold millions of voters accountable for what their elected representative does? Worth picking not just Trump, but let's say a few other Presidents around the world, including someone you voted for.

[dead]

Re: Dutch central bank moves share of gold from U.S., Canada to London

#150

Everyone now has to hedge against the dollar because Elon, bank run Thiel, and Trump have taken over the system. I will not get better until they are removed. It is not in their interest to save the federal government, US dollar, or the economy. They are all BRIICS backed and want the dollar and trans atlanticism, backed by the US military, to fail.

> It is not in their interest to save the federal government, US dollar, or the economy.

I think "save" is not even in the room with us; they seem to be actively harming every industry: farming, food, oil, electronics, manufacturing, healthcare, etc. It's a full on assault.

"Never attribute to malice that which is adequately explained by stupidity", but in this case we're dealing with malicious actors and it's apparent these are malicious actions. DOGE was just the first step.

At first I thought they were trying to establish something that looked closer to Russia, where they can make life just hard enough for them to keep accumulating wealth indefinitely. Now I'm worried they're going for something that resembles Africa's poorest nations, where we fight amongst ourselves over resources that are increasingly constrained.

Post reply on HN