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That's of course also why a little bit was taken out of Canada.
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.
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."
Earlier quoted context omitted.
I feel dumb but how is this related?
I think it's an oblique threat. Just recently Trump made a direct threat on the bond markets. https://www.mediaite.com/media/tv/trump-suggests-he-can-use-...
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…
all of human civilisation =/= the USA
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They still keep gold with the New York Fed, this was just a rebalance: > Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa. > After the move, each country accounted for 18.5% of the Dutch gold reserve.
What building in Ottawa has 15 billion dollars of Dutch gold in it ?
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.
GDP is just a number in a spreadsheet. This is a physical asset.
Earlier quoted context omitted.
They still keep gold with the New York Fed, this was just a rebalance: > Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa. > After the move, each country accounted for 18.5% of the Dutch gold reserve.
What building in Ottawa has 15 billion dollars of Dutch gold in it ?