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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.
The UK famously stole Venezuela's gold, so I wouldn't trust them much more...
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.
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
and have you listened to that jazz "music"? polyrhythmic nonsense!
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.
Nah, you guys have two years until he makes his dictator play. Democrat wins in November will just serve as a justification.
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.
The first ones to run the bank are the ones who get their gold, right?
No, they get a gold painted commemorative coin for their donation.