- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
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.
Why are they doing this?
US economy is about to crash. Hard. Other nations are doing storm prep.
I should probably sell some of my shares and build my cash reserves.
yeah, euro reserves are probably the safe bet.
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
usa cant be trusted