Dutch central bank moves 86 tonnes of gold from US citing 'geopolitical unrest'
30 points by Jimmc414 2 hours ago | 23 comments

teleforce 9 minutes ago
Earlier this year France has pull out their last remaining gold held in US amounting to 129 tonnes moved to Paris [1].

[1] France pulls last gold held in US (361 comments):

https://news.ycombinator.com/item?id=47658146

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inventor7777 6 minutes ago
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."

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jurmous 15 minutes ago
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.

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RandomWorker 10 minutes ago
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.
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SanjayMehta 7 minutes ago
GDP is just a number in a spreadsheet. This is a physical asset.
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tristanj 49 minutes ago
The American Service-Members' Protection Act of 2002, also known as the "Hague Invasion Act", gives the President of the U.S. legal authority to invade the Netherlands to free detained U.S. service members imprisoned by the International Criminal Court.

https://en.wikipedia.org/wiki/American_Service-Members%27_Pr...

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leoh 25 minutes ago
I feel dumb but how is this related?
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SanjayMehta 5 minutes ago
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-...

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0xy 13 minutes ago
Omitting Canada from the title feels deliberate.
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matheusmoreira 57 minutes ago
It's honestly quite impressive that it took them this long to do this.
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riffraff 47 minutes ago
Italy is the third country with the largest gold reserves since the 50s or so, and most of their gold is in the US.

The idea of repatriating it comes up from time to time, but the truth is that it's s logistical and diplomatic trouble with little positive outcomes.

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grebc 37 minutes ago
I don't think the US is a serious position to argue diplomatic issues atm.

I'd vote for it if I was Italian.

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anotherhue 48 minutes ago
> The operation took place between March and August of this year, it said.
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chvid 50 minutes ago
You can also ask why they move it to London and not mainland Europe.
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MiroslavPokorny 22 minutes ago
England has not been invaded in nearly 1000 years.
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eqvinox 52 minutes ago
These systems AIUI have huge amounts of inertia, by design.
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applfanboysbgon 47 minutes ago
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 information sharing.... how naive I was.
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bspammer 41 minutes ago
They’re not moving it to the Netherlands. There’s still plenty of countries that the Dutch trust, but the US no longer seems to be on that list.
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mullingitover 19 minutes ago
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.

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powcontech 13 minutes ago
What building in Ottawa has 15 billion dollars of Dutch gold in it ?
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c23gooey 16 minutes ago
all of human civilisation =/= the USA
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applfanboysbgon 8 minutes ago
I didn't say it was. Do you believe that there's an upwards trend in global geopolitical stability, or even simply general well-being? If you do, we certainly don't share that opinion.
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wanderingpixel 17 minutes ago
not human civilization, just the United States.
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lucasblake 3 minutes ago
[flagged]
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