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.
When he ran, did he say that he'd make tariff rates bounce around like a kangaroo on speed? No, I don't think he did. Did he say that he'd threaten to annex Canada and Greenland? Not that I recall. Did he say that he'd start a war with Iran? No, I'm pretty sure he said "No new wars." Look, he's a loose cannon. Everyone who voted for him should have known that . But no, he's not doing "exactly what he said he would do…
Dutch central bank moves share of gold from U.S., Canada to London
171–180 of 273 posts
Re: Dutch central bank moves share of gold from U.S., Canada to London
#172Re: Dutch central bank moves share of gold from U.S., Canada to London
#173> “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.
Yes, but it’s a very specific geopolitical risk. European countries aren’t worried that China will conquer the U.S. and they’d lose access to their gold because a hostile Chinese government controls it. The increased risk is that the U.S. was considered basically risk free for allies, and now the U.S. isn’t considered risk free anymore and allied status is also at risk.
To the extent this is the justification, why is Canada included?
Re: Dutch central bank moves share of gold from U.S., Canada to London
#174Earlier quoted context omitted.
IMO if you don't vote, you're tacitly agreeing with whoever gets voted into office. (Although US voter suppression weakens this argument)
I disagree with your take. You have the right to not vote when you disagree with all parties running. In fact, from a moral point of view voting for the lesser evil is highly objectionable because you are voting for someone who you do not even support just so that another person you support even less does not get elected. Its perfectly fine to say, I don't agree with either and I am going to sit this one out otherwis…
If your political system does not present you with a candidate that aligns with your interests or beliefs, you should vote to change the political system. Not voting is consent to the status quo.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#175Earlier quoted context omitted.
No it's not simple to call "he" did this. WH people, half? of the country supporting him for 2nd time, and wealthy people that donated so much too, it's never "he". Nothing big like that is one persons responsibility. Actions have cons. ? All elected and supported, especially AFTER how he and his supports lead the so many extra deaths in covid. I know your media does not bring facts but truth is out there.
Sadly, the way people vote is more complicated than you might believe. Trump is the symptom of malfunctioning system that doesn't give people good options in the ballot box.
I am not sure why you are being downvoted, because IMHO you are correct.
If Trump was an isolated incident, sure, but he is not. In Europe the far-right and far-left parties are rising in many countries and the traditional parties are crumbling.
I think there is a serious lack of trust in the institutions and in the politicians that is spreading around the world at a quick pace and many people are just fed up with the status-quo that has been in place since the fall of the USSR.
People want change, not small marginal tinkering on the edges, they want to see that things move decisively in one way or the other and they are not afraid to flip the table and see what happens.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#176Earlier quoted context omitted.
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...
Gold is a fiat currency because it has no inherent value.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#177Another interesting aspect to this story is the flow of value from US Treasuries to gold. Total gold held by central banks globally was valued at approximately $4tr at the start of 2026, surpassing, for the first time, the roughly $3.9tr in US Treasuries held by the same institutions. This marked a reordering of reserve asset preferences with significant long-term implications. [0] 0. https://www.investing.com/analys…
What are the long term implications? Gold can’t reasonably be the medium so new currency baskets?
Implications are on the treasury side. Without treasury buyers the US dollar collapses or hyperinflates or the US government is bankrupt or some other widespread system failure, in any case the entire US economy falls apart without treasury buyers. But these things move slowly.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#178Earlier 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 =)
gold has quite the inherent value - no oxygen reaction (all electronics) and partly jewelry.
if the gold has cheaper would be used quite alot due to being the only metal not oxidizing (the other one being platinum which is even rarer and comes from the same ore source)
Re: Dutch central bank moves share of gold from U.S., Canada to London
#179Earlier quoted context omitted.
Yes, but it’s a very specific geopolitical risk. European countries aren’t worried that China will conquer the U.S. and they’d lose access to their gold because a hostile Chinese government controls it. The increased risk is that the U.S. was considered basically risk free for allies, and now the U.S. isn’t considered risk free anymore and allied status is also at risk.
To the extent this is the justification, why is Canada included?
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Re: Dutch central bank moves share of gold from U.S., Canada to London
#180Earlier quoted context omitted.
That explains how he got almost half the votes on election night, but it does not explain the 1/3 that still to this day support him 100%. There is a pretty substantial underlying problem in play and Trump is the symptom, but the problem is deeper than a malfunctioning political system.
That explains how he got the votes on election night in 2016 . A vote for Grump in 2016 was completely understandable. But he should have plainly been a one term president, after his abjectly terrible handling of Covid (for starters, we needed leadership rather than dividership ). But unfortunately in our upside-down world, Covid actually handed Grump a big excuse for why his first term was such an exercise in failur…
> if there is one thing Grump is good at, it's weaseling responsibility onto others
That is true, I struggle to think of a single time he has taken responsibility for anything. But it works, his supporters actually believe that he is infallible and just can't get competent help. Or it's the deep state. Or something.