Re:Germany and Italy pressed to bring $245B of gold home fro...
by cantor_S_drug on Monday June 23, 2025 @08:36AM
(#44355161)
But then the next question is why aren't those used as settlements mechanism?
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Re:Germany and Italy pressed to bring $245B of gold home fro...
by kasey_junk on Monday June 23, 2025 @09:01AM
(#44355381)
They are? The issue here is simply that the country thinks there is an imbalance. They can request a in country transfer and do, but in this case it’s not enough.
Re:Germany and Italy pressed to bring $245B of gold home fro...
by AnimalMuppet on Monday June 23, 2025 @09:38AM
(#44355703)
Because international settlement is huge - something like a trillion dollars a day. (Or maybe that's just currency exchange, which might contain speculation in addition to settlement? Or is that a false distinction?)
Anyway, moving that much gold would be slow, inconvenient, and a significant risk.