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Netherlands pulls gold out of the US

abc.net.au

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Re: Netherlands pulls gold out of the US

#121

Post by MisterMunchkin »

zmgsabst wrote: post #93
consp wrote: post #25

Earlier quoted context omitted.

London has an old school gold exchange. Pretty much you can buy and sell by moving a part between vaults (at least that's how I understood it to work in the past). Now I expect it to be just a spreadsheet but who knows.

My understanding is that it’s on shelves in a shared vault and you relabel who owns that shelf/slot/bin.

I wonder if anyone checks the gold. You could end up with the problem Amazon had, where people were inserting fake items into the supply chain and then it was just getting mixed into the real products and nobody could tell who was doing the fraud.

Because instead of treating each item as an individual thing, they were pooling everything with other items of the same type. So if I send in a brick and say it’s an iPhone 17 and you order an iPhone 17, you might get my brick.

Re: Netherlands pulls gold out of the US

#123

Post by neuronic »

niemandhier wrote: post #87

Germany still has about 1200 t in the US. I wonder if they are going to move it too.

While there have been calls from economists to consider such a move for months [1], there is currently no need to wonder. The German fed (Bundesbank) has already commented that they believe the US to remain a trusted store. Bundesbank has independent authority over German gold which is NOT legally hard-related to government activity. It could still be influenced by politics, of course [2].

[1, paid source] https://www.faz.net/aktuell/wirtschaft/mehr-wirtschaft/marce...

[2, last section is relevant] https://www.t-online.de/nachrichten/ausland/usa/id_101419346...

Re: Netherlands pulls gold out of the US

#124

Post by dpb001 »

Havoc wrote: post #105
le-mark wrote: post #59

They want to see how much of it is gold plated tungsten, good for them!

That only gets discovered when all of it is pulled If there is dodgy stuff happening in the US it makes sense to keep the grift going as long as possible

Like this?

https://www.businessinsider.com/jpmorgan-bought-nickel-recei...

Re: Netherlands pulls gold out of the US

#125

Post by voakbasda »

plasma_beam wrote: post #120
hedora wrote: post #103

Earlier quoted context omitted.

West coast calling: What if you annexed us? We have beaches and it’d more than double your economy.

East coast: Oh hey that’s not fair, we have equal amounts of beaches, the water is just a different color. You are going down with us..

Middle America: good luck eating when we cut off both of your food supplies.

Now both of you go stand in a corner until you are ready to work together to take down the government that has us all acting this way.

Re: Netherlands pulls gold out of the US

#126

Post by internet2000 »

b112 wrote: post #89
clort wrote: post #30

Interestingly, 59 tonnes of gold was sold in USA and bought in London. So that means perhaps "Somebody" transferred 59 tonnes of their gold holdings to the USA.. who was that? This is similar to what the French did last year. The other thing I noticed, is that as the article chose to mention: > Gold that is held with the Bank of England must meet modern international trade standards with implication being that the go…

USA & Canada I know the above was in the article, but please never mention the US and Canada in the same breath. Please. That & symbol just irritates. From a Canadian's perspective, it's like mentioning a sophisticated, decent human being, and a slimy smarmy used car salesman, in the same breath. Please.

Canadians are not that bad.

Re: Netherlands pulls gold out of the US

#127

Post by prymitive »

The funny thing is that with $40T of public dept US is basically taking money from other countries (in exchange for a pice of paper saying IOU) and then using that money to force these countries to do what’s in US best interests (real or perceived). And the bigger that pile of debt is the more every government is invested in us not going bankrupt, hence the leverage just gets stronger. US is basically a private equity typo of global power - getting others to lend them a knife it stabs them in the back.

Re: Netherlands pulls gold out of the US

#128

Post by timoshishi »

hgoel wrote: post #74
ButlerianJihad wrote: post #20

Earlier quoted context omitted.

In the San Francisco Bay Area, the locals refer to SF proper as “The City” (not “Frisco”.) So, they may live in Cupertino, Palo Alto, or Oakland, but when they say “we’re going to The City for a concert on Saturday!” we can hear them pronounce those capital letters as an unambiguous reference to the one, true City.

Same with NYC, "going to The City" usually just means going to Manhattan.

I grew up equidistant from Philadelphia and New York. "The city" was exclusively used for New York regardless of the many cities between us

Re: Netherlands pulls gold out of the US

#129

Post by _mitterpach »

prymitive wrote: post #127

The funny thing is that with $40T of public dept US is basically taking money from other countries (in exchange for a pice of paper saying IOU) and then using that money to force these countries to do what’s in US best interests (real or perceived). And the bigger that pile of debt is the more every government is invested in us not going bankrupt, hence the leverage just gets stronger. US is basically a private equit…

Wouldn’t that necessarily mean that if the US keeps making enemies of allies, then the premium required for these countries to give US money would be higher? Sure, I’ll lend you some, but I don’t trust you that much, you’ll have to pay me more.

Re: Netherlands pulls gold out of the US

#130

Post by Wololooo »

_mitterpach wrote: post #129
prymitive wrote: post #127

The funny thing is that with $40T of public dept US is basically taking money from other countries (in exchange for a pice of paper saying IOU) and then using that money to force these countries to do what’s in US best interests (real or perceived). And the bigger that pile of debt is the more every government is invested in us not going bankrupt, hence the leverage just gets stronger. US is basically a private equit…

Wouldn’t that necessarily mean that if the US keeps making enemies of allies, then the premium required for these countries to give US money would be higher? Sure, I’ll lend you some, but I don’t trust you that much, you’ll have to pay me more.

Go further with your reasoning... Why would anyone lend the US more...
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