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Netherlands pulls gold out of the US

abc.net.au

281–284 of 284 posts

Re: Netherlands pulls gold out of the US

#281
post #9

Earlier quoted context omitted.

England is definitely a European country. I'm tired of people constantly making this political abuse of language of conflating "the EU" with "Europe". (And yes, saying "America" for "US of A" annoys me too. First step towards losing an imperialist state of mind is letting people from Canada and Brazil be in America).

> (And yes, saying "America" for "US of A" annoys me too. First step towards losing an imperialist state of mind is letting people from Canada and Brazil be in America). Hmm, maybe I should be pro-imperialism. I’ll do that before calling a Brazilian, Canadian, or Mexican an American to satisfy the whims of the language police. But if you want to go to uni and call Americans United Statesians and fight a made up cultu…

> Hmm, maybe I should be pro-imperialism. I’ll do that before calling a Brazilian, Canadian, or Mexican an American to satisfy the whims of the language police.

Sounds like a culture warrior

Re: Netherlands pulls gold out of the US

#282

Earlier quoted context omitted.

That is the spread which the gold dealers have to make a profit. But bullion is bullion anywhere you turn and no matter to who you sell. No gold dealer will turn down investment grade gold.

> No gold dealer will turn down investment grade gold. For sure. As long as you pay the laboratory fee up front to prove that the thing you have is investment grade...

Never have a gold dealer anywhere asked me for any laboratory fee when selling bullion to them. They have their spread and that's it. It's their job to recognize bullion and have their own laboratory to quickly check if needed.

Re: Netherlands pulls gold out of the US

#283
post #157

Earlier quoted context omitted.

Until you can buy oil without dollars. This was an explicit agreement called the Petrodollar system, which was premised on the US navy securing international trade. If the US navy proves unable to do that (and exhausts its arms and demonstrates unpreparedness for future conflicts) then the whole premise falls apart. You might also stop buying real estate if the government seems unstable and economy is poised to colla…

Or until you don't need to buy oil at all. China has reduced its consumption by 1.5M barrels/day this year alone.

China is drawing down reserves it's been building over the last three years, not using less petro from a decrease in demand.
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