The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
135 Comments
codydodd@lemmy.ca · 201 pts · 2d
As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.
Humanius@lemmy.world · 111 pts · 2d
That is basically it yeah. The vast majority of gold was moved from the US (essentially 41% of Dutch gold reserves in the US were moved out), while we barely moved anything out of Canada.
The official reason is "crisis preparedness", but I believe the actual unofficial and unspoken reason is that the US is simply too unreliable to store our gold.
Eheran@lemmy.world · 35 pts · 2d
But isn't that exactly being prepared for the crisis?
marcos@lemmy.world · 48 pts · 2d
Yes. Crisis preparedness is just polite talk for "we expect shit to hit the fan, so we are acting on it".
IMO, it's way worse than just claiming the US is unreliable.
echodot@feddit.uk · 3 pts · 1d
The US has been unreliable for the entirety of its history. They relate to both world wars, and they've equipped numerous would be terrorists and dictators in various banana republics.
Also they play Baseball which everybody knows is just Rounders which they renamed
HeyThisIsntTheYMCA@lemmy.world · 2 pts · 1d
and have you listened to that jazz "music"? polyrhythmic nonsense!
echodot@feddit.uk · 4 pts · 1d
I think the implication is that the crisis could be anything and not to the result of any particular specific concern.
Where as everybody knows that it's because Trump is going to try and become a dictator in November when he inevitably will have a tantrum about losing the midterms.
Arctic_monkey@leminal.space · 1 pts · 2h
Nah, you guys have two years until he makes his dictator play. Democrat wins in November will just serve as a justification.
Hugh@programming.dev · 15 pts · 1d
The UK famously stole Venezuela's gold, so I wouldn't trust them much more...
YouTalkinToMe@lemmy.world · 2 pts · 1d
I'm already relieved it was still there. But it is likely not the same gold that we put there - there recently was a story about that.
nibbler@discuss.tchncs.de · 4 pts · 1d
The first ones to run the bank are the ones who get their gold, right?
YouTalkinToMe@lemmy.world · 1 pts · 1d
No, they get a gold painted commemorative coin for their donation.
YouTalkinToMe@lemmy.world · 18 pts · 1d
The Dutch love Canadians, don't worry,
OrteilGenou@lemmy.world · 3 pts · 1d
Tulips
Tulips that meet as one
Malica@lemmy.zip · 10 pts · 1d
This is what it is
mcv@lemmy.zip · 6 pts · 1d
We're afraid the US might attack Canada and then Canada conquers our gold and keeps it as spoils of war. Not that you don't deserve it, but better it be someone else's gold.
Smaile@lemmy.ca · 1 pts · 1d
Idk if we could pull of anything other then a repel, if anything we'd encourage a splitting of the the USA, it's clear a certain half of the country can't be trusted and should never have been let back in without letting them fail on their own first.
mcv@lemmy.zip · 1 pts · 1d
You've burned down the White House before. I have faith in you.
SaveTheTuaHawk@lemmy.ca · 1 pts · 11h
That was the British army.
Smaile@lemmy.ca · 1 pts · 1d
I think we'd wanna go after maralogo first but that's far away.
SGGeorwell@lemmy.world · 68 pts · 2d
This is the second story/country like this I’ve read about recently doing this same thing. I can’t tell if it’s supposed to be a political signal or if these countries are anticipating some kind of breakdown in their ability to access the gold if it remains in the US. Do they think we wouldn’t give it up? Do they expect there will be war on this continent? Do they fear Trump will plunder it? It’s a somewhat unsettling consideration.
grte@lemmy.ca · 84 pts · 2d
https://www.theguardian.com/world/2026/jan/24/repatriate-the-gold-german-economists-advise-withdrawal-from-us-vaults
They are worried about having their gold stolen, basically.
Mantzy81@aussie.zone · 54 pts · 2d
Fascist governments have a history of hoarding resources.
someguy3@lemmy.world · 47 pts · 2d
They are worried about: Trump: "Give me ________ or I'm taking your gold."
pmk@piefed.ca · 44 pts · 1d
The US kidnapped the Venezuelan leader to get to their oil, has threatened military invasion of Greenland, and is constantly showing that laws do not apply, why would any nation want to keep gold in the US?
modernangel@sh.itjust.works · 17 pts · 2d
Direct consequence of the pedo regime deliberately signalling instability
SirLeToet@lemmy.world · 1 pts · 19h
Maybe you should read more rather than rabble rabble rabble for political agendas.
The Dutch moved 122,5 tons of gold from the US in 2014. In your context Obama was a higher threat than Trump.
Good game though.
Soulphite@reddthat.com · 39 pts · 2d
I don't blame them. It's very hard to retrieve your treasure from a sunken ship.
minorkeys@sh.itjust.works · 30 pts · 2d
Damned right move. Trump could simply claim it all and wtf is anyone gonna do about it?
echodot@feddit.uk · 4 pts · 1d
Well if of he steal it at least we'll know where it is, he'll probably use it the gold plate the White House
minorkeys@sh.itjust.works · 1 pts · 1d
Or hand it over to Putin.
khepri@lemmy.world · 29 pts · 1d
Lol, they're scared it won't be there later if Trump gets desperate.
Tango@piefed.ca · 19 pts · 1d
Desperate or vindictive. There was a recent debate over whether the EU should use the money in the Russian accounts it suspended to bankroll Ukraine, because Russia owes Ukraine reparations. One of the reasons that might not be a good idea is that a lot of EU money is in the USA, and with Trump it's monkey see, monkey do. Except for "the EU should" read "the USA should", for "Russian accounts" read "EU accounts", for "bankroll Ukraine" read "line Trump's pockets", and for "because Russia owes Ukraine reparations" read "because Trump likes money".
Knock_Knock_Lemmy_In@lemmy.world · 6 pts · 1d
Doorbook@lemmy.world · 18 pts · 1d
If they can kidnap another country leader, and the entire alliance says nothing, you know they will say nothing of the US did the same to Canada.
plyth@feddit.org · 2 pts · 1d
But they wouldn't, because of the implication.
furbuck@lemmy.zip · 2 pts · 1d
Are you going to hurt those countries?
DarkFuture@lemmy.world · 17 pts · 1d
As an American, I always thought winning would look different.
kreskin@lemmy.world · 11 pts · 1d
If you are above the 1% in wealth in the US, these are the best times for you in American history. Measurably much better than the gilded age.
We're almost coming to parity with medieval pre revolution France.
Its all pretty much spot on. All we lack is someone with the formal title "king", a few droughts and extreme weather, and a run of bankruptcies and we are all the way there, or even past the french situation.
Sunflier@lemmy.world · 6 pts · 16h
Don't worry
and
osanna@lemmy.vg · 2 pts · 1d
are you tired of the winning yet?
KairuByte@lemmy.dbzer0.com · 0 pts · 1d
OPEN UP AND ACCEPT YOUR WINNING!
Treczoks@lemmy.world · 15 pts · 1d
I hope they tested the gold bars for e.g. tungsten rods.
And i hope our national bank gets smart enough to follow that move.
anarchy79@lemmy.world · 10 pts · 1d
Here are your 50 tons of depleted uranium bars.
Treczoks@lemmy.world · 5 pts · 1d
They do have a nice and close weight, but their radioactivity gives them away.
Tungsten has a density of 19.25g/cm3. Compared to Gold with 19.32g/cm3, they are rather close. Uranium is a little less dense at 19.16g/cm3.
HeyThisIsntTheYMCA@lemmy.world · 4 pts · 1d
idk, i'd rather have the tungsten than the gold
anarchy79@lemmy.world · 3 pts · 1d
WTF! We can do that? Just post gifs on the internet?!
HeyThisIsntTheYMCA@lemmy.world · 4 pts · 1d
anarchy79@lemmy.world · 2 pts · 1d
No but seriously how did you do that? Did you upload a .gif as an image? This will open up an ocean of... Good use for me!
Tango@piefed.ca · 4 pts · 1d
Bear in mind though, that your instance (in your case, lemmy.world) will bear the cost of storing your .gif, and lemmy.world doesn't have ad revenue to pay for that like Reddit does. So use .gifs sparingly.
HeyThisIsntTheYMCA@lemmy.world · 3 pts · 1d
there should be a button to view the source of my comments, but basically:
::: spoiler for those of y'all who would like to skip the tutorial, skip it if you include the ! it renders the image or gif (the link needs to be a direct path to the image, not just the page it's on. it might take a little experimenting. it did for me) and if you don't it just has the text and a link to the image.
without the !
first image: I NEED TUNGSTEN TO LIVE
with the !
i have been told if we add "hovertext" after the link (but still in the parens) we can add hovertext, but i haven't experimented with nor figured it out yet so i can't really advise you on it, sorry. there's always bigger fish. :::
anarchy79@lemmy.world · 2 pts · 1d
Fuck it, this is too modern for me.
https://www.youtube.com/watch?v=jWpPrWHBHcQ
OrteilGenou@lemmy.world · 3 pts · 1d
D'oh!
FreddiesLantern@leminal.space · 14 pts · 1d
Good move, I wouldn't be surprised if the tangerine douchebag is using gold from the vault to play Scrooge Mcduck.
BorgDrone@feddit.nl · 7 pts · 1d
I wish he did. Let him dive from a high board onto a pile of gold coins. It would be like diving onto concrete. No way he’d survive.
FreddiesLantern@leminal.space · 8 pts · 1d
"People say I dive like no one has dived in the history of diving. Right into a tremendous pile of golden...👐gold. I'll be surrounded by the gold. Amazing if I say so myself. It's like a bath. A large gigantic bath of gold.
A golden shower is what I'm getting at. 👐"
Thebeardedsinglemalt@lemmy.world · 7 pts · 1d
We're not lucky enough
Kobibi@sh.itjust.works · 4 pts · 1d
foggianism@lemmy.world · 2 pts · 1d
You flipped his initials - TD
Zaktor@sopuli.xyz · 13 pts · 2d
Why stop at the UK? Feels like they're teetering on the edge.
HerbGrower@slrpnk.net · 8 pts · 1d
I think the idea is that it is good to have it spread out a bit
Tar_alcaran@sh.itjust.works · 7 pts · 1d
Because keeping your strategic reserves in your own country kinda defeats the purpose, and we don't have allies further west than the UK, on account of there not being any more land there.
OrteilGenou@lemmy.world · 3 pts · 1d
This is Iceland erasure!
Zaktor@sopuli.xyz · 2 pts · 1d
Do you feel like France or Germany would be too close/too involved in a potential of conflict to be safe?
Tar_alcaran@sh.itjust.works · 9 pts · 1d
It comes down to how likely it is.
The likelyhood of the Netherlands being invaded, but not germany or france, is a lot smaller than the Netherlands being invaded but not the UK.
Because lets be real, if anyone is going to be attacking Europe, it'll be Russia, and they won't be coming via the sea.
anarchy79@lemmy.world · 1 pts · 1d
Money will always come before alliance.
echodot@feddit.uk · 2 pts · 1d
If you think the UK isn't politically stable you've just been watching too much fox news.
CmdrShepard49@sh.itjust.works · 4 pts · 1d
After Brexit and the UK following in the footsteps of just about every shitty thing the US does, I don't see how one could call them stable.
anarchy79@lemmy.world · 2 pts · 1d
Farage, Boris... There are ugly undercurrents in British society and culture. I am throwing stones with sin here, because my country also struggles against those cuntdicks, but I've been there many times so I'm not speaking out of turn.
Let's keep in mind that Putin has been funding right wing extremism and fanned polarity in Europe for the better part of three decades now. It shows.
anarchy79@lemmy.world · 3 pts · 1d
Then again, how come your PMs only last an average of 6 months on the job before they get kicked out and are replaced before the replacement leaves in 6 months.
Lettuce woman springs to mind, but holy shit.
echodot@feddit.uk · 1 pts · 1d
That's just how the UK political system is, it's not a sign of instability. We really do need to change our truly broken political system but that's more about fairness and an actual representative government, than it is protecting us from from fascism.
anarchy79@lemmy.world · 3 pts · 1d
But that is a clear sign of instability, my man. I'm from Europe so I know what's up, and GB has been in turmoil since Thatcher. In fact you're Europe's USA as far as I'm concerned- you're basically OG USA really... I love the people, but you're still dealing with your colonial past and the structures of its old institutions still governing you.
You're also a bunch of mad lads so I have hope for you.
jabjoe@feddit.uk · 1 pts · 1d
No it's since the 2008 crash. We fucked up our response to that. Austerity made everything worse. Immigrants and foreigners somehow get blamed for the state of things, and thus Brexit. Which again made everything worse still. All wrapped in 14y of bad Conservative government. Increasing corruption as it gets normalized. Labour has their work cut out for them, or it will be the far right next. (Because the right haven't done enough damage yet?)
OrteilGenou@lemmy.world · 1 pts · 1d
They're becoming more French?
anarchy79@lemmy.world · 1 pts · 1d
God forbid.
HexesofVexes@lemmy.world · 1 pts · 1d
Ooh, do tell - what's happening over here that I've missed?
theacharnian@lemmy.ca · 4 pts · 1d
The UK is sleepwalking towards fascism. Same as France and Germany. Not that the left isn't fighting tooth and nail against it but there is still a very strong pull towards authoritarian right wing politics and moderate centrists are not ready to stop licking oligarch boots.
echodot@feddit.uk · 3 pts · 1d
I don't know where you're getting this view from. Of course this right wing extremists, there always has been, but they're no more likely to achieve power now than they were 10 years ago. If anything trump's antics have brought their behavior into sharp relief. Since everyone can see how much of a disaster and extremist right-wing government would now be, because they're all exactly like Trump.
theacharnian@lemmy.ca · 2 pts · 1d
I'm getting this view from the opinion polls that show the AfD ahead and LePen beating Mélenchon in the second round. And even though Burnham seems to enjoy a boost bringing him slightly ahead of Farage, this is the honeymoon period and I don't believe that he will break enough establishment eggs in a left populist direction to reverse the longer term trend.
echodot@feddit.uk · 1 pts · 1d
The longer term trend being that the right-wing parties are ripping themselves apart you mean? You should watch some UK news, your information is quite out of date.
jabjoe@feddit.uk · 1 pts · 1d
I wish that was true. So Greens just won Dover, "yeah!" except..... if you add up the right parties, it is over 50%. So it's not actually good news. Plus there is still more left parties for the vote to be split over.
I just hope the right can't consolidate, and that in fact anyone remotely sane on the right goes LibDem rather aligned at all with fascists.
anarchy79@lemmy.world · 1 pts · 1d
Right wing extremism sponsored by Russia no less.
jabjoe@feddit.uk · 1 pts · 1d
Russian, and now American, money pouring into the far right nutters.
theneverfox@pawb.social · 1 pts · 1d
Wild over-financialization?
HexesofVexes@lemmy.world · 1 pts · 1d
As in vulture capitalism, or something else.
theneverfox@pawb.social · 1 pts · 1d
As in the money in the UK is not freely flowing through the real economy, the one where money has a healthy velocity (eg the same pound flows from the carpenter to the baker to the electrician to the cafe worker and leaves everyone involved enriched by goods and services)
Instead, the lion share of the money is tied up in London playing games with math. It's not even investments that create more economic activities... It's just making money on paper
It means that while the GDP looks good on paper, the velocity of money continues to drop and the real economy is being starved
It's also a severe problem in the US, but long story short, when the US economy pops the UK economy is going to also be thrown into chaos
melsaskca@lemmy.ca · 12 pts · 1d
"Shit. That gold was earmarked for the ballroom plumbing! We can never have a nice ballroom now!" /s
Gammelfisch@lemmy.world · 12 pts · 1d
Germany should do the same.
snausagesinablanket@lemmy.world · 12 pts · 2d
You load 16 tons what do you get? Another day older and deeper in debt.
Don The Con already used it to make gold toilets.
Sunflier@lemmy.world · 6 pts · 1d
Don't worry: at this rate we'll all owe our souls to the company store, and they're unlikely to tolerate any damage to their inventory.
OrteilGenou@lemmy.world · 2 pts · 1d
Mud, muscle or blood, skin or bone, none can outlast the mighty ledger
BlindPenguin@lemmy.world · 10 pts · 1d
Snowies@lemmy.zip · 10 pts · 1d
Smart move.
As an aside, this does not bode well for us hanging onto the dollar as the world reserve currency through 2028 and beyond.
Tango@piefed.ca · 3 pts · 1d
Trump doesn't WANT the dollar to be a reserve currency. Not exactly, anyway.
Snowies@lemmy.zip · 3 pts · 20h
It is my firm belief that the only reason a President would want that — would be that he actually was trying to destroy the country, not just on accident through incompetence, but deliberately through malice or undisclosed foreign pressures/influences…
Which is the pinnacle of treason, by the way.
SirLeToet@lemmy.world · -2 pts · 19h
What about the 122 tons of gold the Dutch moved in 2014?
Or is this just news because of politics?
Snowies@lemmy.zip · 3 pts · 11h
Maybe we should defer to the Dutch themselves?:
2014 reasoning: “More balanced divisioning and increased public confidence”
2026 reasoning: “Geo-political Unrest”
I’m sure your skepticism was “entirely innocent”, right? You just care about the facts of course…
1Fuji2Taka3Nasubi@piefed.zip · 8 pts · 1d
Does this count as an import to the UK and do/can they tariff it?
anarchy79@lemmy.world · 17 pts · 1d
They're banks, ofc they have some convoluted financial trick not to pay.
Knock_Knock_Lemmy_In@lemmy.world · 6 pts · 1d
The gold is a financial instrument and not a purchased commercial product being imported for consumption, so it is not subject to import duties or tax.
darkmogool@feddit.org · 8 pts · 18h
I can't even comprehend why anyone even wants to "secure" something in the USA…
Tiral@lemmy.zip · 1 pts · 16h
Other than the biggest military in the world? I agree.
SoloCritical@lemmy.world · 1 pts · 8h
China has the biggest military in the world.
Madison420@lemmy.world · 1 pts · 8h
That's just personnel. Qualitative numbers usually put the usa first prior to the leadership decapitation that came with trump's second term.
Widdershins@lemmy.world · 1 pts · 7h
The more guns there are the more secure it is. Until the bad guys get more guns then the less secure it is.
kreskin@lemmy.world · 7 pts · 1d
smart.
0x0@lemmy.zip · 6 pts · 17h
IT would've made more sense to move to Canada... or the Netherlands.
Sunflier@lemmy.world · 6 pts · 17h
Just as it probably made sense to flee Nazi Germany into Austria
manuremy@sopuli.xyz · -5 pts · 16h
Why would Canada be any better? It only seems like a decent country because of their Southern Neighbor.
0x0@lemmy.zip · 6 pts · 16h
Of all the english-speaking countries it's the least worse imo.
Tiral@lemmy.zip · 1 pts · 16h
We all have opinions, but there's all not good or correct.
greywolf0x1@lemmy.ml · 1 pts · 8h
lol 😬😬
nocklobster@lemmy.world · 3 pts · 7h
CyroSignal@lemmy.world · 6 pts · 1d
Why are they doing this?
Tabula_stercore@lemmy.world · 38 pts · 1d
usa cant be trusted
Doom@lemmy.world · 11 pts · 1d
US economy is about to crash. Hard. Other nations are doing storm prep.
TankovayaDiviziya@lemmy.world · 1 pts · 1d
I should probably sell some of my shares and build my cash reserves.
possumparty@lemmy.blahaj.zone · 1 pts · 1d
yeah, euro reserves are probably the safe bet.
SirLeToet@lemmy.world · 1 pts · 19h
The Dutch have been trying to move their gold from the US for about 2 decades now. They moved 122,5tons back in 2014 and were denied to move more at the time by the administration of the time.
The trust in the US turned to shit even before America's current king.
Goodman@discuss.tchncs.de · 4 pts · 1d
The official response is "To be better prepared for a potential crisis" Gold closer to home is easier to liquidate. The unofficial speculation is that the national bank is worried that the US could easily disrupt the NL financial traffic, hence the move.
My 2 cents: They probably don't want to signal complete distrust like France did in 1959, so they just withdrew some.
Local article on the topic: https://nos.nl/artikel/2629369-nederland-haalt-groot-deel-van-de-goudvoorraad-weg-uit-de-vs-en-canada
LazyOldPervert@lemmus.org · 6 pts · 1d
Take me with
icelimit@lemmy.ml · 5 pts · 1d
Didn't a country make a tidy profit by doing the selling and buying?
anarchy79@lemmy.world · 1 pts · 1d
"Of course we have your gold!! We just perform a very complex set of financial operations on it so you can't actually get the gold but we can give you a paper receipt to show that you own it!"
Greymattertripp@lemmus.org · 5 pts · 19h
I'm genuinely surprised we coughed it up. A similar request by Germany took years to fulfill.
anarchy79@lemmy.world · 4 pts · 1d
They actually had the gold? "Partially by selling" aha.
mcv@lemmy.zip · 5 pts · 1d
I wonder who will end up holding that particular bag.
anarchy79@lemmy.world · 3 pts · 1d
Yeah gee I wonder. Let's check the archives for similar situations and oh god. Oh God. OH GOD.
foggianism@lemmy.world · 1 pts · 1d
Some few will end up with paper ̶g̶o̶l̶d̶ de toilette.
plyth@feddit.org · 1 pts · 1d
Look up who kept their gold there the last time when the country's citizens asked for local storage.
SirLeToet@lemmy.world · 3 pts · 19h
That's just about 1/3rd of the gold the Dutch have left in the US.
Everyone likes to blame the orange turd, the Dutch started removing gold from the US prior to the orange turd and moved 122 tons in 2014. The administration at the time denied the Dutch from taking back more gold.
mirshafie@europe.pub · 1 pts · 4h
America's fall is not Trump's fault. He's just a very good poster boy for it, and a great accelerator.
Salvo@aussie.zone · 3 pts · 2d
Time to rewatch GoldFinger and have a good laugh.