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 203 points 4 days 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 113 points 4 days ago* (last edited 4 days 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 36 points 4 days ago (3 children)

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

[–] marcos@lemmy.world 48 points 4 days ago* (last edited 4 days 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 4 days ago

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

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[–] YouTalkinToMe@lemmy.world 18 points 4 days ago (1 children)

The Dutch love Canadians, don't worry,

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[–] mcv@lemmy.zip 7 points 4 days 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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[–] khepri@lemmy.world 29 points 4 days ago (2 children)

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

[–] Tango@piefed.ca 19 points 4 days ago* (last edited 3 days 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".

[–] darkmogool@feddit.org 8 points 3 days ago (5 children)

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

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[–] SGGeorwell@lemmy.world 68 points 4 days 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.

[–] pmk@piefed.ca 45 points 4 days 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?

[–] Mantzy81@aussie.zone 55 points 4 days ago

Fascist governments have a history of hoarding resources.

[–] someguy3@lemmy.world 48 points 4 days ago* (last edited 4 days ago)

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

[–] modernangel@sh.itjust.works 17 points 4 days ago

Direct consequence of the pedo regime deliberately signalling instability

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[–] DarkFuture@lemmy.world 17 points 4 days ago (3 children)

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

[–] kreskin@lemmy.world 11 points 3 days ago* (last edited 3 days 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.

[–] Sunflier@lemmy.world 6 points 3 days ago

All we lack is someone with the formal title “king”, a few droughts and extreme weather,

Don't worry

and

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[–] Gammelfisch@lemmy.world 12 points 3 days ago

Germany should do the same.

[–] 0x0@lemmy.zip 6 points 3 days ago (6 children)

IT would've made more sense to move to Canada... or the Netherlands.

[–] Sunflier@lemmy.world 6 points 3 days ago

Just as it probably made sense to flee Nazi Germany into Austria

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[–] Soulphite@reddthat.com 40 points 4 days ago

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

[–] minorkeys@sh.itjust.works 30 points 4 days ago (2 children)

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

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[–] Snowies@lemmy.zip 10 points 3 days ago* (last edited 3 days 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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[–] Greymattertripp@lemmus.org 5 points 3 days ago

I'm genuinely surprised we coughed it up. A similar request by Germany took years to fulfill.

[–] Doorbook@lemmy.world 18 points 4 days 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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[–] Treczoks@lemmy.world 15 points 4 days 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 4 days ago (12 children)

Here are your 50 tons of depleted uranium bars.

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[–] BlindPenguin@lemmy.world 10 points 4 days ago
[–] FreddiesLantern@leminal.space 14 points 4 days ago (5 children)

Good move, I wouldn't be surprised if the tangerine douchebag is using gold from the vault to play Scrooge Mcduck.

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[–] kreskin@lemmy.world 7 points 3 days ago
[–] LazyOldPervert@lemmus.org 6 points 3 days ago

Take me with

[–] melsaskca@lemmy.ca 11 points 4 days ago

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

[–] 1Fuji2Taka3Nasubi@piefed.zip 8 points 4 days ago (2 children)

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

[–] anarchy79@lemmy.world 17 points 4 days ago

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

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.

[–] SirLeToet@lemmy.world 3 points 3 days ago (1 children)

That's just about 1/3rd of the gold the Dutch have left in the US.

Everyone likes to blame the orange turd, the Dutch started removing gold from the US prior to the orange turd and moved 122 tons in 2014. The administration at the time denied the Dutch from taking back more gold.

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