4 ms·
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 "swapp
by chmod775 9mo 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.
- xg15 9mo agoIn 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.
- formerly_proven 9mo agoThey did it previously: https://en.wikipedia.org/wiki/Gold_repatriation#Germany https://en.wikipedia.org/wiki/Gold_repatriation#Germany
- xg15 9mo agoThe French also: https://en.wikipedia.org/wiki/Exorbitant_privilege#Opposition_in_France https://en.wikipedia.org/wiki/Exorbitant_privilege#Oppositio... (well, not really, as it weren't direct gold reserves but gold-backed dollar reserves)
- bell-cot 9mo agoBack in 2013, a rather different regime held power in the US.
- eternauta3k 9mo agoWouldn'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.