126 pointsby saubeidl10 hours ago22 comments
  • BartjeD9 hours ago
    Good idea, Netherlands should follow suit.

    The fed is being dismantled in front of our eyes.

    Militia's shoot US citizens for documenting their illegal behavior.

    Insane

    • oefrha7 hours ago
      Good idea, but don’t be surprised when threatened with 100% tariffs. Canada got that threat (again? honestly lost track) just yesterday.
      • jenadine4 hours ago
        There is already arbitrary tariff. At this point, it is better to trade with other countries instead of chasing the US. Let the American citizen pay their tariff, their loss.
    • N19PEDL28 hours ago
      Italy should do it as well.
    • e404 hours ago
      Militia? No, the government! ICE is an official government agency.
      • 3 hours ago
        undefined
      • lucyjojo4 hours ago
        i mean...

            militia
            noun
            
            1. a military force that is raised from the civil population to supplement a regular army in an emergency
        • e403 hours ago
          "civilians trained as soldiers but not part of the regular army"

          I don't know if you're from the US, but here, militia applies solely to civilian groups and not government ones.

    • xdennis5 hours ago
      The Dutch absolutely should NOT follow suit. You guys stole our (Romanian) golden helmet when we sent it to a museum in the Netherlands[1] because you don't have any armed guards at museums.

      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...

      • fmajid2 hours ago
        The UK under Gordon Brown foolishly sold off most of its gold reserves. If they had kept thrm, they would be worth £40B more today, or 10 times what it was sold for.
    • indubioprorubik8 hours ago
      [flagged]
      • Hamuko8 hours ago
        >Eh, the guy was armed at a protest.

        I thought that was a constitutional right?

        • Terr_8 hours ago
          Yeah, and--assuming Pretti was carrying at all--he did everything perfectly, never brandishing or even touching it.

          FFS, I'd wager the ICE thugs didn't even think Alex had a weapon at all, not until they had already (A) shoved him (B) pepper-sprayed his face and (C) yanked him from the other disabled protester he was trying to shield and (D) threw the blinded Alex to the ground on his knees with both hands down on the pavement.

          ____________

          To be more specific, since there are different angles out there, I'm referring to these [0][1], where one of the ICE agents can be seen removing something from Alex's belt.

          Then, almost immediately, the adjacent ICE agent draws and shoots the blinded, restrained, and unarmed Alex Pretti, putting ~4 bullets into his back from behind.

          [0] https://www.nbcnews.com/news/us-news/witness-videos-cbp-kill... -- At 1:01, grey-hat-jacket pulls something from Alex's exposed waist with his right hand. He swings his his arm away towards the road (see other footage) while black-hat-green-sleeves pulls his own sidearm and shoots.

          [1] https://www.youtube.com/watch?v=kMsBIPjUq2k -- At 1:31, you can see grey-hat-jacket's right-hand swinging into the road, holding what looks like a weapon.

        • SilverElfin8 hours ago
          It is. The MAGA subset of the right suddenly doesn’t care about the second amendment. I guess that should be expected after they’ve shown they don’t care about the first (people recording ICE) or fourth (warrantless raids) amendments too.
      • saubeidl8 hours ago
        You know what else was law enforcement? Yes, law enforcement by a democratically elected president?

        The Gestapo.

        Sometimes the law and its enforcers are the bad guys. Usually around the point where they abduct, brutalize and murder with impunity

    • cbeach9 hours ago
      [flagged]
      • watwut8 hours ago
        They just murdered a guy who was not obstructing them.

        They kidnap, beat and then throw away citizens and legal migrants.

        • lurking_swe8 hours ago
          i just replied and then saw the comment was flagged LOL. For those that missed it the flagged comment said something stupid like “don’t obstruct ICE and you’ll be fine.”

          They are misinformed i’m afraid. This is the BEST case scenario: https://apnews.com/article/minnesota-immigration-us-citizen-...

          worst case scenario is you’re sent to another country, or killed.

          • exe348 hours ago
            I'd like them to explain, step by step, how holding a camera to document what ice is doing, can be considered obstruction. Are they doing illegal things that are obstructed by publicly available documentation?
        • SilverElfin8 hours ago
          Yep, Pretti was a citizen. As was the Hmong person they detained in his underwear. Most of the people they detain aren’t criminals.

          > People are obstructing armed immigration enforcement and expecting to come away unscathed.

          It’s scary that people actually think like this. These types of unprincipled excuses for lawlessness and murder are how authoritarians get into power. It might have been more excusable in the past but not today when the videos show the murder for the whole world to see.

        • xdennis5 hours ago
          > They just murdered a guy who was not obstructing them.

          They shouldn't have shot him since he was not being violent. But he did obstruct: he was standing in middle of the street, acting like a traffic cop. When border patrol tried to arrest a woman, he got between them and the woman. That is obstruction!

          After that they shot him without any reason.

        • exe348 hours ago
          What scares me the most isn't that we got into this situation, but that so many people think it's going well.
          • afpx8 hours ago
            I'm looking forward to the days when we can call in the EU's help. But, I assume right now, they're focused on energy, food, and physical security.
          • indubioprorubik8 hours ago
            The majority voted for this- this is the will of the people.
            • conductr8 hours ago
              A lot of people voted for him but not necessarily this. I think that’s the problem when you vote for wildcards. Especially ones with his history, he has no reason to do anything but cause chaos. It’s his entire personality type too.
              • indubioprorubik7 hours ago
                The border - and thus illegal immigration and not integrating immigration, was the main debate point up to the election. He ran on ice..
            • Terr_8 hours ago
              No, the majority of Americans that voted in 2024 voted for Not-Trump. He got less than 50% of the popular vote.

              If you mean Republican federal legislators, then that's a much more complicated question and I think you'll need to explain how you're doing the math.

              • owebmaster8 hours ago
                The US is a democracy so the majority decided, there's no need to sugarcoat it
                • hdgvhicv8 hours ago
                  Plurality techhinially, but it’s splitting hairs really.
            • saubeidl8 hours ago
              The majority did not. A third did.
              • tock8 hours ago
                It was the second highest voter turnout in US history.
                • Terr_7 hours ago
                  > It was the second highest voter turnout in US history.

                  My dude, you have seized upon a statistic that, while technically true, is also utterly-effing-meaningless.

                  To illustrate, I've calculated the headlines for other Presidential elections:

                      1936  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1940  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1944 SECOND HIGHEST TURNOUT IN HISTORY!!!
                      1948 SECOND HIGHEST TURNOUT IN HISTORY!!!
                      1952  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1956  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1960  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1964  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1968  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1972  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1976  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1980  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1984  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1988 SECOND HIGHEST TURNOUT IN HISTORY!!!
                      1992  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      1996 SECOND HIGHEST TURNOUT IN HISTORY!!!
                      2000  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      2004  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      2008  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      2012 SECOND HIGHEST TURNOUT IN HISTORY!!!
                      2016  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      2020  FIRST HIGHEST TURNOUT IN HISTORY!!!
                      2024 SECOND HIGHEST TURNOUT IN HISTORY!!!
                  
                  
                  https://en.wikipedia.org/wiki/Voter_turnout_in_United_States...
                  • tock7 hours ago
                    Percentage. Not total count.
                    • ceejayoz2 hours ago
                      Except per the link, 2024 is #8 on that list. Not #1.
                      • tockan hour ago
                        Use VEP turnout % not VAP. VAP is flawed. And I said #2.
                • saubeidl8 hours ago
                  Which speaks to the weakness of US democracy. Nonetheless, only a third of the voting population voted for this.
                  • tock8 hours ago
                    Not really. 1/3rd voted for this and 1/3rd were ok with either candidate. Sometimes people democratically vote for bad shit.
                    • louthy5 hours ago
                      1/3rd voted for this, 1/3rd voted against, and 1/3rd are complicit.

                      The fact that the US did this twice beggar belief. For those of us in the rest of the world who have no say but are bombarded by this shit daily, we hold you all responsible (no matter what 1/3rd you're in).

                    • saubeidl8 hours ago
                      Not caring which option wins is not the same as voting for something.
                      • tock7 hours ago
                        Practically it is the same. And this is not a US exclusive situation. We see the AfD and other far right parties gaining popularity. People can vote for bad things.
                        • indubioprorubik3 hours ago
                          People can also vote against a consequence decoupled elite that rule by virtual signaling to each other which was okay in a resource binge, ignoring the results their previous choices had for the lower echelons.

                          To hit the captain with a shovel may look like mutineer madness on any boat, but maybe a sign of necessary changes and reality grounding on a ship called "titanic" where the captain yells "right on, right on" into a pipe that does gurgling sounds.

                      • exe344 hours ago
                        You thought it was good enough. No action is a choice. You made the choice.
                      • krapp7 hours ago
                        Choosing not to vote is implicitly voting for the status quo, whatever it happens to be. It's accepting fate.

                        If voters saw the first Trump term and knew about Project 2025 (which was public and publicly discussed) and didn't care enough to vote against the implementation of what was happening right under their noses then that isn't much different than voting for him.

                        If anything it's worse. At least the right is actively evil. At least voting third party, futile as it is, is making a statement. Seeing Trump's movement gain and consolidate power, listening to their beliefs, seeing the preparation of political infrastructure, January 6th, stacking the Supreme Court, the normalization of white supremacy, and knowing fascism could be a vote away and not giving a damn shows a depth of poisonous cynicism and cowardice that should brand a person for life. That will brand our entire society for a generation.

        • indubioprorubik8 hours ago
          [flagged]
          • SilverElfin8 hours ago
            No one is required to integrate. You can think freely and be who you want. First amendment.
            • indubioprorubik7 hours ago
              So then, religous-supremacism and mafia-state methods are okay, if done with the right ethnicity? So what is the problem with ICE, as perceived by you, then in the first place?
          • saubeidl8 hours ago
            So, thought crime?

            I thought right wingers were all about individual freedoms, now all of a sudden you want to dictate the values of your fellow citizens?

    • 8 hours ago
      undefined
  • louthy8 hours ago
    > Germany holds the world’s second-largest national gold reserves after the United States, with approximately $194B worth — 1,236 metric tons—currently stored at the Federal Reserve in New York

    Moving that much gold makes me think that’s a great opportunity for the world’s biggest heist!

    • cjs_ac8 hours ago
      That's going to take a lot of Minis!
      • Brajeshwar8 hours ago
        This is why, “I trust everyone. It’s the devil inside them I don’t trust.”
      • louthy8 hours ago
        Hang on a minute lads, I've got a great idea...
    • raffael_de3 hours ago
      The Remmos and al-Zeins are probably thinking about that already, but as long as the Sparkasse isn't in charge of the transfer I'd say such a heist will be too difficult for the usual suspects.
    • chmod7758 hours ago
      If a plan was made to repatriate it, chances are this will happens slowly over years, possibly decades. A lot of it might not even be "moved", but rather "swapped" for gold physically in the EU by means of various vehicles: such as selling gold at a slight loss in the US, and buying gold in the EU. Doing so might be cheaper than arranging for physical transport of large quantities.

      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.

      • eternauta3k7 hours ago
        Wouldn't it be a "big loss" if the market believes that gold in Fort Knox is not retrievable? Same as in Argentina, where currency controls led to 1 USD in an Argentinian savings account to be worth less than 1 USD outside the country.
      • formerly_proven8 hours ago
      • xg158 hours ago
        In normal times, yes. But I'm not sure if that still holds if there is a sense of urgency, because no one knows when Trump might get the next stupid idea.

        Also I wonder if the rising gold price would interact with this, though I think this would make the "sell and re-buy" strategy actually more viable, at least if you buy first and then sell.

    • 6 hours ago
      undefined
    • rasz4 hours ago
      Maybe this time it would succeed since McClane has dementia.
  • direwolf208 hours ago
    Why do they think the US will give it to them? After all, last time this happened, the US didn't actually have the gold, it cancelled all gold IOUs — effectively stealing the gold — and that was the Nixon shock. It made the US very wealthy for the next half century.
    • atombender7 hours ago
      Aren't you confusing two things? When Nixon suspended Bretton Woods, he wasn't refusing to repatriate gold, he was reneging on the promise that dollars could be converted into gold (one of the reasons being that it no longer had enough physical gold to redeem).

      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.

      • direwolf205 hours ago
        That's a refusal to repatriate, since other countries had sent their gold to the US to exchange for dollars with the understanding they could exchange it back at an time.
        • atombender5 hours ago
          Is that happened? I'm not an expert on the history of Bretton Woods, but my understanding is countries that sent gold to be stored in the US retained ownership over it, and repatriation was never refused.

          If they had converted gold to dollars, this only suspended their ability to "rebalance" between gold and dollars, and no value was lost.

          • direwolf204 hours ago
            The dollars were worth a small fraction of the gold. It's true that no value was lost — because that value was transferred from the other countries to the US.
            • atombender2 hours ago
              That doesn't sound right. Money is fungible. Anyone who missed the "window" to convert in 1971 (which major countries like UK, Germany, and France didn't, as far as I can see) still had their dollars. The US-domiciled gold that backed the dollars had always belong the US; so the dollars being an "IOU" makes sense in a colloquial sense, I guess, but it's a gross simplification that misses the broader point about how Bretton Woods affected monetary policy. It shifted the US into being able to maintain a permanent trade deficit, and the US was free to devalue the dollar (effectively the world's default currency) without repercussion, which is good for the US but not for everyone else.
    • niemandhier8 hours ago
      That would be more or less equivalent to defaulting on government bonds, in the sense that the latter are only backed by the buyers trust that the US will pay them back.

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

      • direwolf207 hours ago
        It already happened — see Nixon shock — and was enormously beneficial for the US economy.
        • nolok6 hours ago
          This is not the same thing at all, you're confusing fixed exchange rate with just giving back something you don't own.
      • SilverElfin7 hours ago
        Many Trump supporters actually believe a collapse of the dollar would be a good thing, and that Trump has a plan, because of (some vague bogeyman about the federal reserve). They don’t realize or want to admit that this would mean they would become poorer overnight.
        • B1FIDO7 hours ago
          I become poorer by every day that I maintain a positive balance in my savings or checking accounts!
        • expedition326 hours ago
          Well there is that "project 2025" that we were told wasn't real.

          There's an amusing anecdote about the Dutch queen who asked the prime minister if he read Mein Kampf.

          Everyone is just desperately pretending none of this is happening.

    • chrisjj7 hours ago
      > Why do they think the US will give it to them?

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

    • raincole7 hours ago
      > why do they think the US will give it to them?

      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

    • Havoc7 hours ago
      Think they'll have to - you can only switch to a "trust me bro" system once.
      • direwolf207 hours ago
        Do you think Germany would invade the US if they did it a second time? Or, what exactly would happen as a consequence to the US?
        • Havoc6 hours ago
          >what exactly would happen as a consequence to the US?

          It would trigger a loss of faith in the US and USD. Which could get really spicy given that the US relies on reserve currency status to keep things steady despite comparatively high debt/gdp

          Hard to tell what would happen but I suspect its borderline enough that nobody sane wants to find out

          https://en.wikipedia.org/wiki/Exorbitant_privilege

        • greggoB7 hours ago
          Can you provide some references to them doing this the first time? You seem to like posting comments about the "Nixon shock" without providing anything to back it up.
          • direwolf206 hours ago
            Sorry — I thought this was well known. Until 1971 a united states dollar was an IOU for a certain amount of gold. The US cheated by printing more IOUs than the amount of gold it had. When foreign countries started withdrawing gold at a rate the US thought it would run out, in 1971, it cancelled all IOUs and kept the remaining gold for itself.

            https://www.federalreservehistory.org/essays/gold-convertibi...

    • faust2018 hours ago
      this. Especially USA may use all those gold to build a Gold White House.
    • wtcactus6 hours ago
      When did that happen? Are you talking about Breton Woods? Because if that’s the case, you got it completely wrong.
    • Joel_Mckay7 hours ago
      The biggest customer of Canadian Mint gold bullion are US investors in New York, as Wall Street knows its refinement is always very pure and traceable. Note this mint saw an $8.3B uptick in sales in 2025 alone due to international political antics.

      "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/

      • Towaway696 hours ago
        That debt clock looks like a monopoly board. Lets be honest, the world economy has become one massive game of monopoly with big tech and big oil being the banks.

        What would the founding fathers, the ghosts of the French Revolution or Plato say to that? Nothing, they’re all dead.

        We should be doing the changing, not the long dead past.

        • filoeleven5 hours ago
          > What would the founding fathers, the ghosts of the French Revolution or Plato say to that? Nothing, they’re all dead.

          Well, the people are dead. Calling a ghost itself "alive" or "dead" is a categorical error.

  • fmajid2 hours ago
    It's probably too late. They should have heeded the wisdom of Charles de Gaulle:

    https://www.moneymetals.com/news/2024/10/05/why-france-repat...

  • haizhung5 hours ago
    Why not just … sell the gold? What good is gold to a society anyway, regardless of where it is placed?

    Instead of drawing the anger of the US, just .. slowly over time, sell all the gold off, and move the money back. And use it to build infrastructure or something. Much better than gold.

  • ArtTimeInvestor8 hours ago
    If the USA cannot be trusted that they will honor the ownership of gold in their vaults, can it be trusted to honor the ownership of US equities and bonds held by foreigners?
    • cluckindan8 hours ago
      Obviously not.
    • Hamuko6 hours ago
      At the moment you can't really trust the US with anything.
  • pfdietz8 hours ago
    I wonder what they'd do if the US starts reducing NATO commitments. A perception that Europe is using financial blackmail to keep the US in NATO would have interesting effects on US politics.

    Anyway, it's been clear to me that this sort of thing was Trump's plan all along. The goal is massive and permanent reduction in the size of the federal government. If that requires crashing the US ability to borrow more money, and crashing the value of the dollar, that's a price he's willing to make the US pay. US reputation abroad is of absolutely no importance to him; indeed, it's a negative, since a positive reputation allows borrowing that sustains the large federal government he hates.

    The lesson for Europe is that depending on the US to defend them was a poisonous mistake, even if a very seductive one.

    A post-crash US would be poorer, but also much more economically competitive. This would tend to encourage investment, so it's an interesting question how far the dollar would actually decline.

    I wouldn't want to be in South Korea or Taiwan (or Japan, really) in this scenario.

    • 17186274403 hours ago
      > depending on the US to defend them was a poisonous mistake, even if a very seductive one.

      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.

    • dvfjsdhgfv6 hours ago
      Trump likes to frame is as if Europe said: "Please, USA, protect us, and we will just parasite on you and abuse our relationship to our advantage". Whereas in fact the whole story is the other way round. For example there were limits on the size of German army not that long time ago. And the USA did everything so that its interests are well represented n Europe. Now that Trump plays his "We don't need anyone" theme, the former allies of the USA are forming their own alliances, reduce spending in the USA and no longer feel obliged to turn a blind eye on things that were bothering them for decades.

      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.

      • pfdietz5 hours ago
        I'm less interested in performative statements and more interested in underlying motivations and incentives. It's not a question of who is "right" but of what the actors get out of it.

        Of course Europe was leaning on US defense. This enabled resources to be diverted to social spending instead, something that has become all the more vital as populations age. And it's not clear what the US gets out of defending Europe now. There's no perceived Soviet juggernaut and Russia can't even conquer Ukraine.

        • 5 hours ago
          undefined
        • 17186274403 hours ago
          > There's no perceived Soviet juggernaut and Russia can't even conquer Ukraine.

          It looks a bit like that to be the case, but legally Russia still isn't at war with the Ukraine, according to their own internal law. Hence the use of mercenaries and "volunteers" and the pinky promise that conscripts are not used near the Ukraine.

  • austin-cheney9 hours ago
    Ray Dalio describes such actions as the beginning of the end.
    • tock8 hours ago
      It's kinda weird how Dalio has been predicting a fall for a while now.
      • greggoB7 hours ago
        He's described as a "permabear" on r/StockMarket and r/wallstreetbets. Common refrain is he could be right in principle, but getting the timing wrong can be the same as being wrong, for all practical purposes.
        • tock7 hours ago
          The timing matters if you want to make money off it. I'm just talking about how he was saying the US empire will fall a few years ago. Not the stock market.
    • watwut9 hours ago
      Greenland thing and taking Russia side were beginning of the end. Lying about America never getting help was making the end loud and clear.

      This is just Germans dealing with end being unavoidable.

      • lm284698 hours ago
        The beginning of the end started when they came up with project 2025 really, they've been implementing what they said they would implement.
      • tchalla8 hours ago
        The beginning of the end started with Nixon. It allowed US to print whatever money and never default. I find it insane that the world went along with it. Seems like a parody.
        • microtonal8 hours ago
          It's what Carney's speech alluded to when he cited Havel's The Power of the Powerless [1]. The sign was put in the displays because it was the best thing to do for the vassal states. Those days are slowly ending, more and more countries are going to stop displaying the sign.

          This is also what at least part of the Americans doesn't get. Europe, Canada, Japan, South Korea, etc. weren't freeloaders, they were doing the bidding of the US in the UN, maintaining the system where the US can print money without limit, etc. All that soft power has been destroyed.

          [1] https://en.wikipedia.org/wiki/The_Power_of_the_Powerless

  • vinni24 hours ago
    Dupe and original post was flagged for some reason.

    https://news.ycombinator.com/item?id=46742250

  • amadeuspagel2 hours ago
    Another question is why germany owns $530B worth of gold in the first place. This gold isn't backing a currency in any sense, if that is even how we still think about gold and currencies today. The opportunity cost of holding this amount of gold is immense.
  • hunglee28 hours ago
    de-risking from the United States is the only choice for anybody who cares about national interests. The question is how to do it on the quiet, and not trigger Trump into another rage tweeted escalation.
    • microtonal8 hours ago
      Just not talking about it and doing it slowly seems to work? E.g. one of the Dutch pension funds has pulled 1/3rd of their investment of US bonds (10/30 billion) since early 2025. They won't talk about, you'll only see it in their public records/reports. They re-invested the money in Dutch and German bonds.
      • hunglee22 hours ago
        yeah this is probably the way. One of the features of fascism is general incompetence, springing from destruction of state capacity in favour patronage networks.
  • tjpnz8 hours ago
    I hope they've identified US assets of equivalent value to immediately sieze if there's any funny business.
    • llbbdd8 hours ago
      It would definitely be fun to watch Germany try to lift that sword.
    • 8 hours ago
      undefined
    • exe348 hours ago
      Rammstein?
      • usr11068 hours ago
        Rammstein is a band. Ramstein is the most important US military bases in Europe. I guess you meant the latter?
        • airspresso7 hours ago
          Thank you, was confused there for a second XD
        • exe348 hours ago
          Aha, yes!
      • Fnoord7 hours ago
        Well, they did write this lyric around 2004:

        (hook)

        We′re all living in Amerika.

        Amerika ist wunderbar.

        We're all living in Amerika,

        Amerika, Amerika.

        (verse)

        Wenn getanzt wird, will ich führen,

        auch wenn ihr euch alleine dreht.

        Lasst euch ein wenig kontrollieren.

        Ich zeige euch, wie es richtig geht.

        Wir bilden einen lieben Reigen,

        die Freiheit spielt auf allen Geigen.

        Musik kommt aus dem Weißen Haus

        und vor Paris steht Micky Maus.

        (hook)

        We're all living in Amerika.

        Amerika ist wunderbar.

        We′re all living in Amerika,

        Amerika, Amerika.

        (verse)

        Ich kenne Schritte, die sehr nützen,

        und werde euch vor Fehltritt schützen.

        Und wer nicht tanzen will am Schluss,

        weiß noch nicht, dass er tanzen muss.

        Wir bilden einen lieben Reigen,

        ich werde euch die Richtung zeigen.

        Nach Afrika kommt Santa Claus

        und vor Paris steht Micky Maus.

        (hook)

        We′re all living in Amerika.

        Amerika ist wunderbar.

        We're all living in Amerika,

        Amerika, Amerika.

        We′re all living in Amerika.

        Coca-Cola, Wonderbra.

        We're all living in Amerika,

        Amerika, Amerika.

        (outro)

        This is not a love song.

        This is not a love song.

        I don′t sing my mother tongue.

        No, this is not a love song.

        (hook)

        We're all living in Amerika.

        Amerika ist wunderbar.

        We′re all living in Amerika,

        Amerika, Amerika.

        We're all living in Amerika.

        Coca-Cola, sometimes war.

        We're all living in Amerika,

        Amerika, Amerika.

  • seydor8 hours ago
    Just cash it out. They'll never get it back
    • fkdk8 hours ago
      I agree that they will never get the gold back, but is it really more likely that the US hands over that sum in cash?
  • bell-cot8 hours ago
    Given a certain President's thin skin, and inclinations toward dramatic and confrontational behavior - if the Europeans actually wanted their gold back, it should have been done very quietly. Probably with obfuscated paperwork, or other shell games or smokescreens.
    • qznc8 hours ago
      Gold price is high, so why not just sell it?

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

      • flowerthoughts6 hours ago
        You also need to build the infrastructure to take on 1,000 tons of gold. I doubt that's done in a month. IIRC, London has the biggest storage after NYC, so that's probably where it'll end up in the interrim. Eventually, I'd guess Switzerland will rise to do more gold storage.

        We're essentially creating the same scenario as WTI vs Brent oil, where gold is partitioned into multiple different products depending on location.

    • aebtebeten8 hours ago
      Germans. We (also European) thankfully already got our gold back.
    • Havoc7 hours ago
      With that idiot a bullshit pretext might have done the trick.

      "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"

      • microtonal7 hours ago
        "The German Bundespräsident want to add a new gold-plated ballroom to his residence, we have to melt all the gold."
    • 8 hours ago
      undefined
    • lm284698 hours ago
      Idk man, these things are hilarious, I for one enjoy seeing Trump having toddlers tier meltdown on video every now and then. That's why I keep watching his live speeches, that and in the hope his body finally gives up in glorious 4k 60 fps

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

      • mna_8 hours ago
        He eats McDonalds everyday and does 0 exercise. Imagine how long he'd live if he ate healthy and exercised daily.
        • SilverElfin7 hours ago
          He also only gets a few hours of sleep. I wonder if that’s part of why his behavior is so unhinged.
  • metalman6 hours ago
    I am absolutly certain (without knowing or checking), that many of the germans involved in putting there gold in US hands, did so "reluctantly". And now with panzers in the ukrain for the 3'rd time they are looking back overthere shoulders thinking right, general winter in front and our gold back there and how did they get in this mess anyway, reluctantly. Some of the men who mentored me, spoke of there experiences going ashore in France and pushing on into Germany, which they did at great personal cost, but in spite of that, enthusiasticly. Every time Russia publishes a "routine" update on there sovereign gold reserves it must make the euros twitch, with the germans developing a prounounced tick. which is all my way of saying that I can find no way to sympathise.
  • surgical_fire7 hours ago
    I seriously doubt the US will honor this, and will likely just keep the gold for itself.

    It is a profoundly untrustworthy country.

  • aussieguy12348 hours ago
    I've heard all the gold is headed for Singapore nowdays
  • andrewstuart7 hours ago
    Good luck with that.
  • onetokeoverthe9 hours ago
    [dead]
  • CrzyLngPwd8 hours ago
    [flagged]
  • sdoering8 hours ago
    To be clear: I find Trump contemptible. But I also try to understand why (powerful) people act the way they do, beyond the surface-level explanations.

    The gold discussion imho misses the point if it’s reduced to “Trump is unhinged.”

    What we just saw at Davos with Greenland reveals the actual pattern: the theatrics are the tool, not the objective. The erratic behavior generates uncertainty, which then gets converted into bargaining leverage.

    With Greenland, Trump just demonstrated how this works: maximum escalation (tariff threats against a NATO partner), then “backing down” in exchange for concessions (“total and permanent access”). The result is a structural shift - Europe becomes more dependent on US decisions in the Arctic, not less.

    The second-order effect: coercive bargaining within the Western alliance becomes normalized. Once you’ve done this with Denmark, the threshold drops for similar tactics on other issues - tech regulation, China policy, financial infrastructure.

    The third-order effect for German gold: the real question isn’t whether Trump is “crazy enough” to freeze gold reserves. The question is what negotiating leverage the mere possibility creates. Even if the probability is 5% - what concessions would Germany make to bring that risk down to 0%? That’s the actual logic: the more everyone believes he might do it, the more he can “sell” not doing it.

    The economists aren’t arguing that (or if) confiscation is likely. They’re arguing that the risk is no longer negligible enough to ignore - and that the cost-benefit calculation of storing it there has fundamentally shifted.

    • microtonal7 hours ago
      Why do people continue attributing 4D chess to Trump? He is an egomaniac and just wants to be one of the few presidents that added land to the US (similar to being one of the few presidents who won the Nobel Peace Prize). He has said as much as it being 'psychological' to him.

      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...

      • wvbdmp7 hours ago
        Following incentives isn’t 4D chess. Still we can acknowledge that they exist even if they’re perverse and that even retarded moves sometimes pay off or appear to pay off, in some way in some term. Nobody is calling Trump a genius.
    • nickthegreek2 hours ago
      The only thing he accomplished was making america look like a fool again.
    • honzabe6 hours ago
      > With Greenland, Trump just demonstrated how this works: maximum escalation (tariff threats against a NATO partner), then “backing down” in exchange for concessions (“total and permanent access”). The result is a structural shift - Europe becomes more dependent on US decisions in the Arctic, not less.

      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

    • hilsdev7 hours ago
      >What we just saw at Davos with Greenland reveals the actual pattern: the theatrics are the tool, not the objective. The erratic behavior generates uncertainty, which then gets converted into bargaining leverage.

      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

  • hugodan8 hours ago
    War is coming. Act accordingly