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42 sats \ 2 replies \ @0xbitcoiner 13h \ parent \ on: Germany and Italy pressed to bring $245bn of gold home from US econ
Pressure only really comes into play if there's no gold to ship off to Germany and Italy, innit? What else could even be causing press?
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33 sats \ 1 reply \ @Undisciplined 13h
It's quite strange that they store their gold out of country. These aren't exactly small poor countries.
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42 sats \ 0 replies \ @0xbitcoiner 13h
That's a good point! It is a bit weird. There could be a bunch of reasons why the gold's in the US. Maybe it's about geographic diversification, keeping it safe or just making it easier to do business with the US (liquidity).
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