9 comments

  • nfrankel 49 minutes ago
    Fun fact, France did exactly the same earlier this year (though the trend has been there for decades).

    [1] https://en.wikipedia.org/wiki/Gold_repatriation#France

  • andsoitis 1 hour ago
    > “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.

    • consp 1 hour ago
      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.
      • jbverschoor 33 minutes ago
        Can’t move what isn’t there
    • mg794613 17 minutes ago
      That is what the pamphlet says.

      Fact is, it was not a issue before, because of trust.

      "for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges".

      • andsoitis 7 minutes ago
        > "for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges".

        It is more multifaceted than that. To wit: they're leaving a substantial amount still in North America.

        America's actions is a big part of it, but it isn't the only reason.

  • adolph 39 minutes ago
    Another 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/analysis/why-central-banks-are-bri...
  • jmclnx 1 hour ago
    This shows how much trust in the US has declined due to Trump. Netherlands is not the only or first country to do this, other countries have started this too.
    • appleappleapple 1 hour ago
      And this lost trust will not suddenly reappear when he leaves office. He has damaged our reputation for a generation
      • kingleopold 1 hour ago
        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.

        • appleappleapple 15 minutes ago
          Totally valid correction, thanks !
        • wartywhoa23 1 hour ago
          The legend about the sole man in charge has been carefully crafted and cultivated for ages, but it's never the puppet and always puppet masters in this clown show.
        • gwbas1c 56 minutes ago
          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.
          • triceratops 14 minutes ago
            I'll say something controversial: Clinton and Harris were both better options than the guy who started his campaign mocking a reporter's disability. If voters had any sense it should've ended right there.

            The rationalizing, the "corrupt DNC" arguments and everything else is a cop-out.

            • AlexandrB 4 minutes ago
              Here's a real controversial opinion: If Clinton had won, the eventual backlash would be much greater and have elected a far more odious figure than Trump. America is lucky that Trump is kind of a bumbling oaf that channeled populist rage.
              • triceratops 1 minute ago
                Maybe the backlash would've been in Congress, through the election of more extreme figures on the right and left.
          • rootusrootus 39 minutes ago
            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.
          • GJim 14 minutes ago
            Are you saying there was a worse option than Trump?

            Really?

            Because unless the alternative option was a diminutive Austrian with a dodgy 'tache, I find that rather hard to believe.

            The reality is America voted for Trump (TWICE!) because they wanted him. The rest of the world knows this, and is now acting accordingly.

            EDIT: Downvotes coming from the brainwashed MAGA crowd!

        • andsoitis 1 hour ago
          Voters cannot be held accountable for all the specific things the person they elected do.

          That much should be self-evident.

          • dhosek 1 hour ago
            He’s doing exactly what he said he would do when he ran. People who voted for him can very much be held accountable.
            • AnimalMuppet 17 minutes ago
              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 when he ran". Some of what he's doing is what he said, and some is completely contradictory to what he said.

              (Credit where due: I stole the "kangaroo on speed" line from an unpublished short story. Don't remember the author, or I'd give them credit by name.)

          • maigret 23 minutes ago
            That’s the definition of democracy. Of course voting is significant and has consequences.
            • andsoitis 0 minutes ago
              > That’s the definition of democracy.

              In a democracy, it is the elected officials, who are meant to represent the voter, that are held accountable. Not the voter.

              > Of course voting is significant and has consequences.

              Tautology but also not relevant. How do you propose the voter be held accountable?

          • ben_w 56 minutes ago
            Anyone can be held accountable for things they are responsible for, the question is how they'll react to being held thusly.
          • tgv 1 hour ago
            If they could have known or suspected those things, then yes, they bear the responsibility. And Trump's intentions were there for all to see.
          • exe34 41 minutes ago
            What if they knew what they were voting for?
      • wccrawford 49 minutes ago
        And I'd argue that it should.

        He opened the door, and I find it very, very unlikely that either side will close it after this. Dems and Reps will both use this to take control in ways that would have been unthinkable prior to Trump's first election. The only way to restore any measure of that trust would be to pass laws that prevent this kind of abuse, and there's no way that politicians will give up power they've gained.

        • bluealienpie 29 minutes ago
          They had the laws to stop him but since congress stopped legislating, it gave the supreme courts wide discretion to approve executive actions. Strong executive isn’t a flaw of the system, it’s the inevitable consequence of years of media illiteracy and vast sums of money in politics enabled by citizens united.
      • TalkingCodeMonk 1 hour ago
        The sociopathic criminals who dominate American business and politics are the cause of the kleptocracy; plus the tens of millions of citizens indoctrinated with mental illness from their disinformation and psychological warfare.

        None of this should be a surprise to you if you've ever watched Fox News and derivatives; propaganda so on the nose it would make a nazi blush.

    • mikewarot 12 minutes ago
      Trump is the effect, not the cause. I think it goes back to the emergence of the Triangulation strategy in 1996[1], with its abandonment of principles, and substitution of virtual signaling. This unlocked the unfettered pursuit of donor money for the DNC.

      Then in 2008-10, the promise of socialized medicine by Obama was broken, and was replaced with the subsidized insurance oligarchy by Obama's chief of staff.[2]

      Then we got to 2016, and the Democratic primary was subverted by DNC leadership.[3] This caused many to become deeply dissatisfied with the DNC, including myself.

      [1] https://en.wikipedia.org/wiki/Triangulation_(politics)

      [2] https://en.wikipedia.org/wiki/Rahm_Emanuel#White_House_chief...

      [3] https://en.wikipedia.org/wiki/Debbie_Wasserman_Schultz#2016_...

      • watwut 8 minutes ago
        It is result of long term conservative project. And somehow you managed to blame non-conservatives for it.

        Trump is a cause of destruction. He is literally making those decisions. He is to blame. Trump and project 2025 are what republicans and conservatives were trying to achieve for years and years. Again, it hapened intentionally.

        But noooooo, must blame Obama. Anyone except directly responsable organizations and people.

  • kaon_2 1 hour ago
    It 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 close to 0% throughout the population - even the right wing populists distance themselves from Trump - and this is the consequence. I fear we are heading into dangerous times.

    • lemoncookiechip 1 hour ago
      Unironically true. The average person could care less about following politics, but Europeans live football.
      • GJim 1 hour ago
        > could care less

        Surely you mean couldn't care less.

      • vman81 1 hour ago
        > The average person could care less about following politics

        Could they?

      • ramblerman 34 minutes ago
        I think you misunderstood the emphasis there - yes Europeans love football.

        The point is that it's so blatant for such little gain, it's still a game. I.e. if he is willing to do that so openly for such low stakes, imagine what he does behind closed doors when it matters.

    • ericmay 10 minutes ago
      > Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted.... was when Trump phoned Infantino to drop a red card during the world cup.

      FIFA, a largely European organization created by Europeans for a sport that Americans barely care about and in the center of multiple corruption scandals and controversies over the last few decades and you're really going to sit here and try to tell others that the real wakeup call was when Trump made a phone call to ask that a star player who by many respects shouldn't have received a red card over at best a technicality in the first place be reinstated for the good of sport and competition...?

      And you're also going to claim that this "level of corruption" is something Vladimir Putin or Xi Jingping and their corrupt authoritarian regimes would never dream of attempting?

      I guess Donald Trump's phone call was the real last straw, and something like, idk, 6,500 migrant workers in Qatar dying to construct World Cup facilities is just another day at the anti-corruption office? [1]

      I'm going to assume you're being sarcastic...

      [1] https://www.theguardian.com/global-development/2021/feb/23/r...

    • kichimi 1 hour ago
      To add to this, because I think it is important context for Americans who may not be aware, football is seen very officially by many European nations and national governments as a cultural counterpart to many international treaties within Europe that were born out of the desire to bring our respective cultures closer together after the second world war.

      It is so important, that many countries make it illegal to hide international football matches behind paywalls, specifically.

      It is so important, that there are articles written about its importance on EU institutes websites. For example, this one reflects on Footballs importance in relation to the First, Second and Cold wars. https://www.iss.europa.eu/publications/alerts/european-footb...

      To see Trump so flagrantly manipulate it sends a cultural signal that is hard for those outside of Europe to see, and that by some can be seen as the cultural equivalent of the political threats Trump has made against NATO.

      At this point, your average European Trump supporter/right wing populist needs only reminding of Trumps interference to get a complete positional change - that's how bad it is.

    • Eurofags 1 hour ago
      [dead]
    • petcat 1 hour ago
      Nah it was an egregiously bad call by itself, and then the slow-mo VAR was used to justify it which is also against their own rules. So they corrected a mistake that could have severely impacted the result and integrity of the rest of the games.

      But yeah, people got upset...

      • kabes 1 hour ago
        Doesn't matter. There's constant bad calls being made by referees. It shouldn't be, but their humans and make mistakes and it's part of the game. But only the mistake against the US got corrected.
        • petcat 56 minutes ago
          How are we explaining Ronaldo not being required to serve his remaining 2-match suspensions at the start of the games?
          • charlieyu1 44 minutes ago
            Same, FIFA is just corrupt.
            • petcat 42 minutes ago
              Okay so then we are agreeing that FIFA, a European institution, is a deeply corrupt, inconsistent, and unprincipled governing body.

              But somehow this was the fault of the US?

              • pasc1878 33 minutes ago
                FIFA is NOT a European institution it is the global one.

                The European football institution is UEFA which has complained about things like this and is also trying to remove Infantino – but the rest of the world has been bribed enough to keep him on.

                • petcat 30 minutes ago
                  Fifa is a European legal entity, right? headquartered in Switzerland?
                  • triceratops 22 minutes ago
                    Does that make the UN American?
                    • petcat 4 minutes ago
                      Is the UN a private organization legally incorporated in the US? The way that FIFA is in Europe/Switzerland?
                      • triceratops 0 minutes ago
                        Would FIFA be less corrupt if it were legally incorporated somewhere else? I didn't know registering an entity automatically changed the character of the people that run it.
              • hgoel 32 minutes ago
                FIFA is a deeply corrupt institution (IDK if they count as specifically European, but if they do, it doesn't change the fact that they're corrupt). The US government is also deeply corrupt.
  • dododore 1 hour ago
    [dead]
  • josefritzishere 1 hour ago
    Is this to prevent the Orange man from stealing it? What do they imagine the risk is?
    • consp 1 hour ago
      Stated in another article it said the reason is it cannot be used as a bargaining chip during trade disputes. They specifically mentioned it would likely be more difficult to use in emergency situations when located in North America (without mentioning specific reasons).
    • ben_w 1 hour ago
      Well, one of their near neighbouring countries is currently worried about Trump stealing their territory, and he's made threats to annex Canada too, so it's not exactly an unreasonable fear.
    • dukeyukey 37 minutes ago
      Would you put it past Trump to use gold stores as a threat?
    • weatherlite 54 minutes ago
      Their national color is orange so they should get along with him fine
  • expedition32 1 hour ago
    Dutch gold reserve is only 50 billion which wouldn't even be enough to run the country for half a year. Other than the symbolical value it's pocket change.
    • consp 1 hour ago
      It's the 11th largest in the world, or about 7.5% of the US reserves which is a lot more than the gdp difference (4.4%)
  • maxdo 1 hour ago
    Just in time before major European continental war begin. Strategic move.

    For the context : German airport was officially attacked by Russia . And that’s only one of many incidents. UK is on the radar of official Russian hawks for a very long time

    • ben_w 48 minutes ago
      More a vs. US strategy than a vs. Russia strategy.

      Russia has been weird for a long time, they are doing sub-threshold-of-war attacks for a while now.

      But the USA? Outright threatening allies, talking about annexing some of them, making more threats against other allies who make moves to defend those allies? And he's got a known love for gold, started wars without bothering to inform allies he's now trying to punish for failing to provide help that he told them he didn't even want.

      • Muromec 16 minutes ago
        US is doing now to Europe and Canada what russia was doing for the last 30 (or 300) years to their neighbours. No response -- push further is the game
    • somenameforme 16 minutes ago
      That was a rather obvious false flag attempt, presumably from Ukraine. It was a weaponized drone, the first that would have been directly used against NATO, that was found just outside a Ukrainian plane and by amazing coincidence just sat there instead of detonating.

      When Russia wants to directly attack NATO they'll likely do exactly what the US/EU is doing and simply arm e.g. Iran/Houthis/etc with weapons/locations, let them push the button, and then go all Slava Allah or whatever while Russia is like 'oh we're not involved in this conflict you have with Iran.' Great precedent that's been set.

      ---

      That said I do expect Russia is likely involved in at least some of the incidents of weapons factories and other things that have been going boom, but it's always going to be done with plausible deniability - sleeper agents with no direct ties to Russia, and the like. They're not going to just start bombing planes in airports with drones.

      • strictnein 7 minutes ago
        > That was a rather obvious false flag attempt

        No, it wasn't.

        > That said I do expect Russia is likely involved in at least some of the incidents of weapons factories

        They're involved in all of them.

        > sleeper agents with no direct ties to Russia

        This isn't a movie. They pay criminals to do criminal activity. They're not utilizing "sleeper agents" to burn down a building.

        >When Russia wants to directly attack NATO they'll likely do exactly what the US/EU is doing and simply arm e.g. Iran/Houthis/etc with weapons/locations, let them push the button, and then go all Slava Allah or whatever while Russia is like 'oh we're not involved in this conflict you have with Iran.' Great precedent that's been set.

        What does this even mean? Are you equating Ukraine with Iran and the Houthis?

      • Muromec 13 minutes ago
        Don't discount russian incompetence and sloppiness. They are really big on half assing everything
    • wafflemaker 13 minutes ago
      Thinking that there's a major continental war about to begin is exactly what Russia wants people to think and what they push through their propaganda machine. It's also good for some governments, because then nobody questions military spending. Poland just bought 96 Apache assault helicopters for 10B USD. It takes just 1M USD in drones to take them down, just to show how absurd show of loyalty to US that deal was.

      There's issues with defending the east flank. Namely, without taking full control of the Baltic Sea, Baltic States and Finland will run out of provisions in weeks.

    • SH16q 16 minutes ago
      No, the German US lapdogs put out a statement that the drones in Leipzig “are known to us from other Russian hybrid operations and its war against Ukraine” and that they “pointed to a high degree of technical expertise”.

      So high in fact that the operation malfunctioned. Precisely what a false flag would do.

      The US indeed would like to expand the Ukrainian proxy war to the Baltics so it can carry out its own plans of getting various oil rich countries.

      All that these stupid politics accomplish is that the AfD will have 35% in the next elections so Germany can enjoy Trump-like corruption and the industry can exploit people even more. At this point one wonders if the CDU is in on it and the AfD is secretly already part of the uniparty, public theater of forbidding the AfD notwithstanding.

    • blitzar 40 minutes ago
      Didn't dear leader (Trump) just say he was going to invade the Bond Market?

      If a shooting war breaks out beween the US and the Bond Market, the gold isnt safe anywhere.

    • bell-cot 48 minutes ago
      > For the context:

      Comparing that German airport "attack" by Russia to the 9/11 attack by Mr. bin Laden - would you say that all gold reserves should have been moved out of the USA back in 2001?

      • jabroni_salad 25 minutes ago
        Looking at TFA, they are moving it to a venue where selling off the gold can happen quickly. This kind of thing was not necessary for the USA's approach to funding the War on Terror because we decided on a really innovative combo of Taking On Debt and also Just Not Accounting For Things which will surely have no consequence later on.