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.
As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.
This is what it is
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.
But isn’t that exactly being prepared for the crisis?
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.