https://www.kitco.com/news/article/2025-02-11/unseen-forces-...
A year ago the opposite was being reported on. No clue of the relative numbers, but its telling none of the stories about this are providing the long-term data.
Dutch central bank moves share of gold from U.S., Canada to London
241–250 of 273 posts
Re: Dutch central bank moves share of gold from U.S., Canada to London
#242Earlier quoted context omitted.
so they can say moving out of "North America" instead of "US" and avoid the ire of a certain mad king
That won't work because he already believes he owns everything from hemisphere from Greenland to Venezuela.
why stop at Venezuela? Chile has valuable mineral deposits, and crave the freedom that only the mad king can give. Extend the empire to Tierra del Fuego I say!
Re: Dutch central bank moves share of gold from U.S., Canada to London
#243Hedging against US risk is definitely sensible right now
Re: Dutch central bank moves share of gold from U.S., Canada to London
#244Earlier quoted context omitted.
I think purposely spoiling your ballot is a better signal to the parties that none of them are acceptable. Is that possible in your elections? Around here, a spoiled ballot is scrutinized by the party observers, so your message would definitely be heard. I'd love to see a ballot with ranked choice voting that includes a none of the above option.
I could technically vote in 3 countries but I vote in none. My preferred voting system is the ranked choice one in Australia but Australia also has compulsory voting which I disagree with. I think in a democracy, it is up to the voter to decide if and how much they want to get involved in the democratic process just like a person has the right to join or not a parti, listen or not to a political debate and so on and…
In Australia voting apart from compulsory (with exemptions) as well as anonymous, so the voter is free to mark the paper such that they don't support any of the candidates and suggest what they think is a better candidate. It will be an informal vote, these informal votes are counted and published, but as I've been told, that informal vote count is then split 50-50 between the top two contenders. My locale is in an area with a high informal vote.
Compulsory voting just means that there's no space where some of the population can hop on the high horse of saying the political troubles of the country have nothing to do with them as they didn't vote. I used to work around the loop holes and got out of voting until my early mid 20s when I just didn't give that much of a hoot either way for state or federal politics.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#245Earlier quoted context omitted.
The Canadian government froze the bank accounts of truckers involved in a protest [1] [2] [3]. If a government is willing to go after the property of its own citizens without due process, foreign investors have to think: "What's to stop the same from happening to me?" Even if that foreign investor's a central bank. [1] https://www.bitsaboutmoney.com/archive/debanking-and-debunki... [2] Maybe the truckers' protest wen…
For anyone curious, this is hyperbole that people of certain political persuasions love to mischaracterise. These were not "protests", they were a sustained attempt to appeal to the wrong level of government for policies of a foreign government by a bunch of people who were riled up on the internet. Highlights included nazi flags, guns, harassing and threatening women and local residents, etc. what is most telling is…
[flagged]
Re: Dutch central bank moves share of gold from U.S., Canada to London
#246Earlier quoted context omitted.
That won't work because he already believes he owns everything from hemisphere from Greenland to Venezuela.
why stop at Venezuela? Chile has valuable mineral deposits, and crave the freedom that only the mad king can give. Extend the empire to Tierra del Fuego I say!
Chile is a stable, market-driven democracy with a robust economy, whereas Venezuela has experienced severe political authoritarianism and a deep, multi-year economic collapse, and a massive humanitarian exodus of millions of citizens.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#247Re: Dutch central bank moves share of gold from U.S., Canada to London
#248It may be quirky for Americans to hear this, but one pivotal moment when it truly dawned on the average european citizen how corrupt the US has become, was when Trump phoned Infantino to drop a red card during the world cup. Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted. Any toddler could see how wrong it was and it was felt deeply in many hearts. Needless to say trust is clo…
I'm not Chinese, but I'm confused why people think Xi Jin Ping is worse, yes they have surveillance, there is single party authoritarianism, but they always take care of their people unlike US who when filthy rich getting rich, more and more on homeless on the streets. In addition to that there is surveillance by Flock and Palatir. Most of all they do not let corporation to manage govt, even though their big corps like Alibaba has tried. They have to wage the wars to capture someones natural resources, unlike US holding Iraq oil revenue captive, manage Venezuelan oil. Not to mention helping genocide with trillions.
Funny thing, I recently saw comment under Turkey cat video, saying something like
> Stray cats in live better than homeless in US.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#249Earlier quoted context omitted.
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.
Gold has a lot of material uses, eg computer chips and other electrical equipment for starters.
Re: Dutch central bank moves share of gold from U.S., Canada to London
#250Earlier quoted context omitted.
why stop at Venezuela? Chile has valuable mineral deposits, and crave the freedom that only the mad king can give. Extend the empire to Tierra del Fuego I say!
Chile is a stable, market-driven democracy with a robust economy, whereas Venezuela has experienced severe political authoritarianism and a deep, multi-year economic collapse, and a massive humanitarian exodus of millions of citizens.
whoosh!
> whereas Venezuela has experienced severe political authoritarianism and a deep, multi-year economic collapse, and a massive humanitarian exodus of millions of citizens
none of which has been resolved by the US violently removing their leader and taking over their oil