The “crisis preparedness” argument boiled down that in case of crisis they needed to be able to sell the gold quickly. And that that would be easier in London than it would be in New York or Ottowa.
I do not believe that this is the real reason.
There has been concern about the US “confiscating” (read: stealing) our gold reserves ever since Trump got re-elected. The Dutch Central Bank also has regularly voiced concerns about the reliability of the US, and our over reliance on American financial services and payment services.
I think the real reason is that they want to secure the gold from Trump’s grubby little hands.
And the “official reason” is meant to obfuscate the actual reason, and buy plausible deniability.
According to the NOS they vast majority of gold that was moved was from the US, not Canada.
The share of Dutch gold stored in New York has gone down from 31.3% to 18.5%.
Imagine keeping a briefcase full of cash at a loyal friend’s house, then he told you his crack smoking father just moved back in claiming he’s man of the house and all that.
I think you’re right, but in diplomacy the real reason doesn’t matter. It’s like a woman saying they have to powder their nose when she in fact is holding in a big fart. If the Dutch would be honest about their reasons, they would upset the orange toddler, which would not bring them any good.
The “crisis preparedness” argument boiled down that in case of crisis they needed to be able to sell the gold quickly. And that that would be easier in London than it would be in New York or Ottowa.
I do not believe that this is the real reason.
There has been concern about the US “confiscating” (read: stealing) our gold reserves ever since Trump got re-elected. The Dutch Central Bank also has regularly voiced concerns about the reliability of the US, and our over reliance on American financial services and payment services.
I think the real reason is that they want to secure the gold from Trump’s grubby little hands.
And the “official reason” is meant to obfuscate the actual reason, and buy plausible deniability.
Source: https://nos.nl/artikel/2629369-nederland-haalt-groot-deel-van-de-goudvoorraad-weg-uit-de-vs-en-canada
According to the NOS they vast majority of gold that was moved was from the US, not Canada.
The share of Dutch gold stored in New York has gone down from 31.3% to 18.5%.
Edit: Added translations to the graph
Trump ordered an audit of the gold stores at Fort Knox. If he just seized all the Dutch gold, what could they do about it?
Imagine keeping a briefcase full of cash at a loyal friend’s house, then he told you his crack smoking father just moved back in claiming he’s man of the house and all that.
I’d get my shit before it gets confiscated
I think you’re right, but in diplomacy the real reason doesn’t matter. It’s like a woman saying they have to powder their nose when she in fact is holding in a big fart. If the Dutch would be honest about their reasons, they would upset the orange toddler, which would not bring them any good.