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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 24 hours ago

‘Repatriate the gold’: German economists advise withdrawal from US vaults

www.theguardian.com

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‘Repatriate the gold’: German economists advise withdrawal from US vaults

www.theguardian.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 24 hours ago
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  • cross-posted to:
  • globalnews@lemmy.zip
  • worldnews@lemmygrad.ml
  • worldnews@lemmy.ml
  • economy@lemmy.world
  • world@lemmy.world
  • europe@feddit.org
  • news@lemmy.world
  • FuckTheUSA@lemmy.ca
  • world@quokk.au
Shift in relations and unpredictability of Donald Trump make it ‘risky to store so much gold in the US’, say experts
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  • Vostok_ [none/use name]@hexbear.net
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    20 hours ago

    Why would one keep their gold in another country, one that is an ocean away no less, when the gold reserve is not threatened by invasion or civil war?

    • chgxvjh [he/him, comrade/them]@hexbear.net
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      17 hours ago

      I think the idea is that it’s easier to get loans and stabilize your currency when the gold is already in the country you would be getting the loans from.

      Or it might just be some sort of findom thing.

  • ClimateStalin [they/them, he/him]@hexbear.net
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    20 hours ago

    Okay I’ve never understood why other countries give us their gold to hold onto anyway

    Germany is absolutely capable of guarding a gold vault on their own. Every country in Europe is. Why would you give it to us in the first place?

  • hellinkilla [they/them, they/them]@hexbear.net
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    14 hours ago

    lol oops

  • spudnik [he/him, they/them]@hexbear.net
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    20 hours ago

    Why are they worried, it’s not like the us has done this twice before in recent memory? If that was the case surely this article would have mentioned it!

    • Lovely_sombrero [he/him]@hexbear.net
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      20 hours ago

      The UK stole gold from Venezuela just a few years ago. And the US told them to do it.

      • spudnik [he/him, they/them]@hexbear.net
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        20 hours ago

        That’s what I was referencing, though I forgot it was the uk doing it at the behest of the us. The other one I was referencing was seizing Russian assets, but I don’t think that included actual gold so I’m 0 for 2 apparently shrug-outta-hecks

        Edit: and actually didn’t they do the same asset seizure shit to Afghanistan as well?

        • Nondiegetic (any) @lemmygrad.ml
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          18 hours ago

          Not quite the same, but they took Iraq’s gold too iirc

  • SexUnderSocialism [she/her]@hexbear.net
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    20 hours ago

    “Can I have it back?”

    bugs-no

  • onwardknave [he/him,comrade/them]@hexbear.net
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    22 hours ago

    “What gold?”

    • TraschcanOfIdeology [they/them, comrade/them]@hexbear.net
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      21 hours ago

      exactly lmao. The moment any country tries to withdraw their gold from American vaults, they’re just gonna be like “hm. What if I keep it? What are you gonna do about it?”

      • onwardknave [he/him,comrade/them]@hexbear.net
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        15 hours ago

        …and then they’ll wonder how they crashed their own currency. BRICS just sitting back & eating popcorn.

  • chgxvjh [he/him, comrade/them]@hexbear.net
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    23 hours ago

    Good luck with that

  • GrouchyGrouse [he/him]@hexbear.net
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    22 hours ago

    Step 1 convince Trump to fund a bunch of pay phones in nyc to “bring back the glam of the 80s” or whatever to sell it to his dying brain

    Step 2 use the pay phones to do an elaborate Simon Says prank on 2 guys in order to steal all the gold ala Die Hard 3

  • MemesAreTheory [he/him, any]@hexbear.net
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    24 hours ago

    RonPaulitsHappening.jpg

  • Maeve@kbin.earth
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    23 hours ago

    Too late. It’s in Switzerland.

    • chgxvjh [he/him, comrade/them]@hexbear.net
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      21 hours ago

      gold bar shaped box of swiss chocolate

  • ThomasMuentzner [he/him, comrade/them]@hexbear.net
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    21 hours ago

    Bruce Willis will not stop us this time around.

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