Maybe send your gold to a country that actually protects priceless things, like the UK.

[1]: https://www.smithsonianmag.com/smart-news/art-thieves-blew-u...

When large quantities of gold are actually transported "at once", it usually happens in secret on warships. Maybe military planes would be used nowadays? Who knows. Good luck anyhow.

So countries like France held dollars and could no longer get them converted to gold. From my reading, before 1971, all the requests to convert dollars by France, Switzerland, and the UK were all honoured, contributing to the crisis. I don't believe anyone were refused conversion until 1971. And even then, everyone still had their dollars. All they lost was the ability to redeem for gold according to the fixed Bretton Woods price. Dollars could still be used to buy gold at market value.

But this article is talking about repatriating gold owned by other governments but physically held in vaults by the US. A bunch of countries (including Germany) have already repatriated vast amount that were housed by the US, and those requests have never been refused. The Federal Reserve is said to even keeps the bars owned by other countries physically separate, rather than commingled.

The result would be catastrophic for the US: worst case would be a domino cash in of American debt.

Because gold repatriation isn't something that special or unthinkable. It happened multiple times already.

Netherlands, Austria, Belgium and Germany have asked a significant portion of their gold back. The US gave them and the world kept working as before. The amount of doom posting in this thread is mildly amusing though.

https://en.wikipedia.org/wiki/Gold_repatriation#Germany

Perhaps they think asking is the best way to find out.

"The prohibition on gold ownership in the US was relaxed in 1964, and finally rescinded in 1977 when Gerald Ford signed proclamation Pub.L. 93-373."

However, during severe economic recession the US government has Nationalized private gold holdings >1oz in the past. Something like a 35% drop in markets due to a theoretical Magnificent 7 "AI" bubble correction does pose a nonzero risk.

Keep some Popcorn ready, as the price of Gold going any higher is getting weird. =3

https://www.usdebtclock.org/

This policy came from the late 1930s when secretly the government knew that Germany was likely going to invade.

This is just Germans dealing with end being unavoidable.

Meanwhile Germany could silently buy gold at home and let the market handle where it comes from.

"We just want to have it for a bit to polish it to ensure it is shiny. It's a requirement of German law under Saftsack gesetz 35.6"

The more he pushes us away with his deranged tantrums the more independence we are forced to build, it's a win-win really

Gold falls into the category "has always had value, so it will always have value" type of thoughts. And that's just what gives it value, out confidence that we can exchange it for something when you need it.

Central banks of countries hold various kinds of assets, including bonds and currencies of other countries. But bonds and currencies are just “paper”…or are more vulnerable than gold to shocks in certain conditions.

The disadvantage of physical gold is that it doesn’t generate any income by itself, as compared to bonds.

During times of higher uncertainty, people and institutions (including central banks) flock to gold.

Once these factors start to breakdown, all these intangible forms of holding wealth loose value. Gold remains as a significant reliable long term store of value.

Hence it’s worth maintaining by a nation.

The only reason why other countries sent their soldiers to stupid wars in Afghanistan and Irak that made no sense then and make no sense now was because they were honoring their commitments and saying OK, we send people to die but if the worst come and Russia attacks us, The USA will do their part. Now Trump openly says all this was for nothing. All trust in the USA is gone as nobody knows what Trump does when he wakes up next day. So we quietly work on making the best of the current situation.

It was a decision that was necessary to not loose the second world war to Germany and/or the Sovietunion. Until 30 years ago separating from the US would have meant allowing the Sovietunion to expand to the Atlantic. Separating from the US has been an open discussion for the last 30 years, but it was always felt to be a security risk and the US has actively used its soft power to remain the status quo.

What they have to do is move, but quietly, without announcing it.

So, he made the threats. Stocks start going down, bond yields start going up. Perhaps surprising to him there is a unified reaction from EU countries, the trade bazooka is on the table. More rational actors in his entourage/broligachy start to get worried, advising him to find a landing site. Along comes Mark Rutte who offers him a landing site that sounds great, but does not improve much over his starting position, but actually made it worse (there will be non-US NATO arctic troops on Greenland, not just 4 dog sleds or whatever he is always rambling about).

The longer-term damage for the US is much bigger. Tech sovereignty just moved to the top of the EU agendas and companies and government will move away from US tech, to a loss of hundreds of billions of income in the longer term.

Some 4D chess move...

What concessions? Can you name one thing that Trump got that the US did not have before?

If these actually are attempts at some sort of “the art of the deal” manipulation, they are failing catastrophically. He is achieving nothing while destroying the soft power the US benefited from since WW2.

> The second-order effect: coercive bargaining within the Western alliance becomes normalized

What? What does that even mean? Do you realize how hand-wavey this sounds? With this kind of vague ex-post rationalization totally blind to any negative consequences of the supposed “bargaining”, you could sanewash literally any action. Trump shoots the Prime Minister of Norway on live TV? He just wanted to promote better security of the Western leaders.

Someone else in this thread talks about the supposed lack of awareness of “the art of the deal” meme. No, I am aware of the “4D chess” theory to explain Trump’s behavior. I just don’t think it matches the observation. I think the “malignant narcissist with emotional maturity of an 8-year-old” works much better.

BTW, I like how Emily Maitlis talks about Trump’s “achievements” in Davos - it brings a bit of much-needed levity to the situation: https://www.youtube.com/shorts/34yP2X-nZCk

He said this in his book The Art of the Deal, released in 1987. It’s been his playbook for all political campaigning and both terms of his presidency. It’s a meme to point this out in certain right leaning circles.

I was frustrated by the lack of awareness about this for awhile. I still am but I understand now that the media is also playing their part and doing their role. It’s absolutely justified - these ridiculous claims and arguments generate clicks, attention, revenue.

It’s something that should be kept in mind by the average voter though, and in social media discussion. Everyone wants you to be emotionally invested. Trump wants you to commit so he can pump fake tou, and the media gets solid quarterly numbers