this post was submitted on 02 Sep 2026
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The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.

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[–] codydodd@lemmy.ca 199 points 2 months ago (4 children)

As a Canadian I cant help but interpret this as nothing against Canada, but insecurity about our increasingly belligerent neighbour.

[–] Humanius@lemmy.world 111 points 2 months ago* (last edited 2 months ago) (5 children)

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 34 points 2 months ago (3 children)

But isn't that exactly being prepared for the crisis?

[–] marcos@lemmy.world 47 points 2 months ago* (last edited 2 months ago) (2 children)

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.

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[–] Hugh@programming.dev 15 points 2 months ago

The UK famously stole Venezuela's gold, so I wouldn't trust them much more...

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[–] YouTalkinToMe@lemmy.world 17 points 2 months ago (1 children)

The Dutch love Canadians, don't worry,

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[–] Malica@lemmy.zip 10 points 2 months ago

This is what it is

[–] mcv@lemmy.zip 7 points 2 months ago (4 children)

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.

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[–] SGGeorwell@lemmy.world 66 points 2 months ago (6 children)

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.

[–] Mantzy81@aussie.zone 54 points 2 months ago

Fascist governments have a history of hoarding resources.

[–] someguy3@lemmy.world 47 points 2 months ago* (last edited 2 months ago)

They are worried about: Trump: "Give me ________ or I'm taking your gold."

[–] pmk@piefed.ca 44 points 2 months ago

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 points 2 months ago

Direct consequence of the pedo regime deliberately signalling instability

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[–] Soulphite@reddthat.com 40 points 2 months ago

I don't blame them. It's very hard to retrieve your treasure from a sunken ship.

[–] minorkeys@sh.itjust.works 30 points 2 months ago (2 children)

Damned right move. Trump could simply claim it all and wtf is anyone gonna do about it?

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[–] khepri@lemmy.world 28 points 2 months ago (2 children)

Lol, they're scared it won't be there later if Trump gets desperate.

[–] Tango@piefed.ca 18 points 2 months ago* (last edited 2 months ago)

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".

[–] Doorbook@lemmy.world 18 points 2 months ago (2 children)

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.

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[–] DarkFuture@lemmy.world 16 points 2 months ago (3 children)

As an American, I always thought winning would look different.

[–] kreskin@lemmy.world 10 points 2 months ago* (last edited 2 months ago) (1 children)

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.

  • A wildly unequal treatment by the justice system
  • The will of the public is not represented in what government does.
  • Massive national (public) debt
  • Disconnected leaders vs frustrated starving peasants who feel they have no future.
  • Profligate royal spending
  • A huge wealth gap across society
  • Increasingly poor treatment of the peasantry by the wealthy driving a breakdown of societal trust
  • regressive Taxation focussed on lower class paying for everything
  • Useless foreign wars that serve no national interest.

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.

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[–] Treczoks@lemmy.world 15 points 2 months ago (1 children)

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 points 2 months ago (12 children)

Here are your 50 tons of depleted uranium bars.

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[–] Zaktor@sopuli.xyz 13 points 2 months ago (22 children)

Why stop at the UK? Feels like they're teetering on the edge.

[–] HerbGrower@slrpnk.net 8 points 2 months ago

I think the idea is that it is good to have it spread out a bit

[–] Tar_alcaran@sh.itjust.works 7 points 2 months ago (4 children)

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.

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[–] FreddiesLantern@leminal.space 13 points 2 months ago (3 children)

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 points 2 months ago* (last edited 2 months ago) (2 children)

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 points 2 months ago

"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 points 2 months ago

We're not lucky enough

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[–] Gammelfisch@lemmy.world 12 points 2 months ago

Germany should do the same.

[–] snausagesinablanket@lemmy.world 12 points 2 months ago* (last edited 2 months ago) (1 children)

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 7 points 2 months ago (1 children)

You load 16 tons what do you get? Another day older and deeper in debt.

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.

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[–] melsaskca@lemmy.ca 11 points 2 months ago

"Shit. That gold was earmarked for the ballroom plumbing! We can never have a nice ballroom now!" /s

[–] BlindPenguin@lemmy.world 10 points 2 months ago
[–] Snowies@lemmy.zip 9 points 2 months ago* (last edited 2 months ago) (4 children)

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.

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[–] darkmogool@feddit.org 8 points 2 months ago (5 children)

I can't even comprehend why anyone even wants to "secure" something in the USA…

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[–] 1Fuji2Taka3Nasubi@piefed.zip 8 points 2 months ago (2 children)

Does this count as an import to the UK and do/can they tariff it?

[–] anarchy79@lemmy.world 17 points 2 months ago

They're banks, ofc they have some convoluted financial trick not to pay.

[–] Knock_Knock_Lemmy_In@lemmy.world 6 points 2 months ago

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.

[–] kreskin@lemmy.world 7 points 2 months ago
[–] CyroSignal@lemmy.world 6 points 2 months ago (3 children)
[–] Tabula_stercore@lemmy.world 37 points 2 months ago

usa cant be trusted

[–] Doom@lemmy.world 11 points 2 months ago (3 children)

US economy is about to crash. Hard. Other nations are doing storm prep.

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[–] LazyOldPervert@lemmus.org 6 points 2 months ago

Take me with

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