alt Hacker News> “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.”
They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.
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No, but "removing" around half of it from one place is quite a bit. Though I doubt any single physical kg ever moved more than a few meters to the buying countries vault. edit: They physically moved 27 tons, the rest was traded away and bought again in London.
That is what the pamphlet says.
Fact is, it was not a issue before, because of trust.
"for more resilience against a backdrop of increased geopolitical risk." is just nice wording for "Trump is burning down all bridges".
The US being that 'geopolitical risk'.