alt Hacker NewsOf course the bank is not going to make a political statement, they have more important business to do. The article makes it pretty clear right at the top that the bank’s statement doesn’t mention Trump:
> Experts say that rhetoric appears inherently related to the abrasiveness of the Trump administration towards traditional allies.
Also, the “experts” are just right here. Are you gonna say that Trump hasn’t been throwing our allies under the bus?
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I mean, if I hear the phrase "geopolitical unrest", I'm far more inclined to think "Iran"/"Russia" than "51st state".
If the point is to get your gold away from the US and its president, why leave ~19% of if there? Why take gold out of Canada? Why is a two-word phrase inherently related to the abrasiveness of the Trump administration towards traditional allies"?
And the bank's stated reason is: "Gold that is held with the Bank of England must meet modern international trade standards and is regarded as the world's most easily tradable gold and will therefore be the most readily available for DNB in a crisis situation. The gold reserves held in New York and Ottawa cannot be utilised as quickly and directly in such a situation." Why is that not the more plausible one, and the basis for the headline?
This move looks like a nothingburger to me but everyone's invited to treat this as a Rorschach test and see whatever they want to see.