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    20 commenti

    1. CanadianMultigun on

      What were the reasons for the Gold being stored in the US?

      Are those reasons still true?

      If political are those reasons going to be true 3 years from now under a different administration and knowing the answers to these questions what actual benefit can be achieved preparing facilities and bringing it back to Europe?

      If unwilling to trust the US with X value of Gold what else can they not be trusted with? Projects of comparable value involing their govt? etc etc

    2. AntwerpPeter on

      Like all European countries should do. The USA can’t be trusted anymore, they know it and they don’t care.

    3. Challenge3v3rything on

      Do it now – it will take long enough and the US admin will do everything in their power to slow it down. Better to start immediately.

    4. gyrospita on

      I want to see Merz build pressure against the US fascists, lol. I believe we can write that off.

    5. PainInTheRhine on

      Damned if they don’t, damned if they do. As long as it stays where it is, they technically ‘have’ it and it acts as part of collateral for any international loans (bonds, etc.) .

      If they demand it back and Trump says ‘lol, fuck off, we are taking it in payment for WW2 because you did not say thank you’ , they take a huge confidence hit since it means part of their reserves does not exist anymore.

    6. EbbNervous1361 on

      The gold is literally useless and worthless other than for use in electronics.

    7. cirillogiuseppe1 on

      i don’t see italy doing it my pm Meloni loves Trump and she is ready to give him everything he wants .

    8. diamanthaende on

      As mentioned in the article, Germany already brought hundreds of tons of gold back to Frankfurt a few years ago, so it’s not like it would be without precedent.

      Not having all your gold stored domestically made sense, especially during the Cold War, as it allowed the government to remain functional and solvent in exile, in the case of military occupation by a foreign power.

      But geopolitics are … in a bit of flux these days, hence shipping the gold back home makes sense.

      $245bn (in gold) for Germany and Italy combined is a lot of money. But it is dwarfed by the much larger hoards of US treasury bonds that countries like the UK or Japan have on their books. Looking at it from the same perspective, that’s at least as problematic, if not more so. In contrast to that, Germany hardly has any US treasuries left, for example.

    9. It would be fascinating to see if all the gold “on the books” is actually in US vaults… Imagine the gold run if the US started waffling about it…

    10. thrownkitchensink on

      Many countries have silently moved parts of their gold already.

    11. J-Midori on

      Trump’s not following court orders so they will probably have to go and get it. Also Trump might have his it somewhere else and will give it back in two weeks

    12. Great_Attitude_8985 on

      cant they just sell it at the currently high market price? Why do we need gold reserves when we still have open credits?

    13. Safest place for it to be. Trump will be gone in a few years. It already happened once. Biden came in and reunited NATO and it expanded.

    14. juicybbybrat on

      It’s basically a massive flex and a vote of no confidence in the global system as it stands.

    15. got_light on

      Good.

      Money and power is the language lil donny perfectly understands

    16. Be-skeptical on

      Do it before Trump steals it. Assuming he hasn’t already

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