| ▲ | ivolimmen 2 hours ago |
| I am dutch and read the news this week but I found it weird that a part of it went to England. I was expecting a European country. |
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| ▲ | t0mas88 2 hours ago | parent | next [-] |
| Their goal isn't only safe storage, it's also being able to sell when needed. You can't quickly trade with the gold that's in their own safe storage facility in Zeist, because you would need to physically transport it. The reserve at the Bank of England is put there because there is a large market for gold trading there. So you can use the gold immediately to influence the markets. Putting it in a safe place in another European country wouldn't have added value over storage in Zeist. |
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| ▲ | consp 2 hours ago | parent | prev | next [-] |
| London has an old school gold exchange. Pretty much you can buy and sell by moving a part between vaults (at least that's how I understood it to work in the past). Now I expect it to be just a spreadsheet but who knows. |
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| ▲ | an hour ago | parent | prev | next [-] |
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| ▲ | sajithdilshan 2 hours ago | parent | prev | next [-] |
| I’m surprised why they don’t just move it back to their own country and put it in a safe in Netherland. |
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| ▲ | jochem9 2 hours ago | parent [-] | | The biggest chunk is in the Netherlands, but you want your gold also in other countries, so that you can still access is (and don't loose it) in case of an invasion. Hence almost half is in North America, a completely different (and (somewhat) allied) continent. It's also easier to sell in certain markets, such as London. | | |
| ▲ | clort an hour ago | parent | next [-] | | Not just so that you don't lose it in case of an invasion, but it is proof that you would be willing to help out the host country in the case they were invaded. Also, that you would not invade them. In the olden days, the local lords would marry their children together, to create familial groups and ensure that for the forseeable future the local areas would not have a conflict. Modern democracies don't have such valuable family members, we use valuable objects instead. | |
| ▲ | hvb2 an hour ago | parent | prev [-] | | Just to be a pedant, 18.5 % in the US and same in Canada so 37%. I wouldn't call that almost half, it used to be about half before the move (NY at 31.3, 19.7 in Canada). |
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| ▲ | retired 2 hours ago | parent | prev | next [-] |
| England is a country in Europe. |
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| ▲ | onion2k 2 hours ago | parent [-] | | Geographically, yes, but that's not very important. | | |
| ▲ | sajithdilshan 2 hours ago | parent | next [-] | | London is still the financial hub in the Europe | | |
| ▲ | hadlock 2 hours ago | parent [-] | | [flagged] | | |
| ▲ | sajithdilshan 2 hours ago | parent | next [-] | | What do you mean for now? There is no other alternative in continental Europe due to language barrier | | |
| ▲ | chabska an hour ago | parent | next [-] | | Why would language matter? Anyway, Frankfurt is the next biggest financial center after London, and it tend to get the business when a firm wants to move out of London . | | |
| ▲ | tchalla 27 minutes ago | parent | next [-] | | Yes but we Germans are too stuck up with our language barriers. | | | |
| ▲ | sajithdilshan an hour ago | parent | prev [-] | | When it comes to being a financial hub English as a global language is paramount in modern world. You wouldn't expect a C-level executive from other side of the world to speak German. Further, if you've ever been in the financial scene in Frankfurt, it's unfortunately predominantly in German because most of the old people working in the institutions can only speak vacation English and they switch to German as soon possible. Also from where did you hear that Frankfurt gets the business that's leaving London? What is your source? That was the hope for the Germans with the Brexit, but it never happened. German laws and bureaucracy is still far too hostile and outdated compared to London. | | |
| ▲ | zhouzhao 23 minutes ago | parent [-] | | >most of the old people working in the institutions A problem that will solve itself within the next few years |
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| ▲ | owebmaster an hour ago | parent | prev [-] | | Why are you excluding Ireland? | | |
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| ▲ | hvb2 an hour ago | parent | prev [-] | | London is not a financial center? Uh? By what metric? https://en.wikipedia.org/wiki/Global_Financial_Centres_Index |
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| ▲ | 2 hours ago | parent | prev [-] | | [deleted] | | |
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| ▲ | wazoox 2 hours ago | parent | prev [-] |
| England is definitely a European country. I'm tired of people constantly making this political abuse of language of conflating "the EU" with "Europe". (And yes, saying "America" for "US of A" annoys me too. First step towards losing an imperialist state of mind is letting people from Canada and Brazil be in America). |
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| ▲ | retired 2 hours ago | parent [-] | | In all fairness, I deal with British tourists a lot and they always talk about "going to Europe" when they refer to their summer holiday in Benidorm. | | |
| ▲ | muyuu 36 minutes ago | parent | next [-] | | yea but that's clear from the context we use "going to Europe" and "going to the continent" fully aware that the UK is in Europe | |
| ▲ | kzrdude 2 hours ago | parent | prev | next [-] | | I don't think that's a problem, and it doesn't mean that Britain is not in Europe, IMO. Comes naturally with human perspective. "Where did you go this summer?" A) "I stayed in England"; B) "I travelled around Britain"; C) "I went to Europe". All perfectly understandable, I think.. | |
| ▲ | Oarch 2 hours ago | parent | prev | next [-] | | We are nothing, if not needlessly complex! | |
| ▲ | ButlerianJihad 2 hours ago | parent | prev [-] | | In the San Francisco Bay Area, the locals refer to SF proper as “The City” (not “Frisco”.) So, they may live in Cupertino, Palo Alto, or Oakland, but when they say “we’re going to The City for a concert on Saturday!” we can hear them pronounce those capital letters as an unambiguous reference to the one, true City. | | |
| ▲ | hgoel 6 minutes ago | parent | next [-] | | Same with NYC, "going to The City" usually just means going to Manhattan. | |
| ▲ | kzrdude 2 hours ago | parent | prev [-] | | I live in a city (a quite small one) and if I say that I'm going into the city, then it means I leave my neighbourhood (it's in the same city) and I'm going to the city centre. | | |
| ▲ | ben_w an hour ago | parent [-] | | Same. I'm in Berlin, I may say "I'm going to the city/town/village" for different parts of the city-state. |
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