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f001 • yesterday at 7:52 PM • 1 reply • view on HN

It’s more of losing trust in the US. If they don’t believe they’ll have access to it when needed or if they believe it might be seized for whatever made up reason, makes sense to move it somewhere they’ll have control over it.


Replies

JumpCrisscross • yesterday at 8:43 PM

Probably not. This is non-monetary gold mostly going off to refiners. Not bullion.