21 points | by doener 1 hour ago

3 comments

  • sealthedeal 46 minutes ago
    How is moving billions of dollars of gold not more risky than just leaving it where its at?

    Also, I would LOVE to understand the logistics of moving 86tonnes of Gold across the world.

    • stevenwoo 40 minutes ago
      The political entity that is above the organization currently holding it has shown zero respect for any law or tradition and could conceivably seize it and give them an IOU in US currency. I’m not saying it would go on container ship but it would probably fit in a few standard containers.
      • dmoy 32 minutes ago
        27 tonnes of gold fits in a single container. You're talking about like 1 or 2 cubic meters of gold (for comparison, a standard 2TEU container is like 50+ cubic meters). And that'll fit as a partial payload in a single military transport aircraft. The actual flying of the gold isn't super interesting (not like there's roving piracy in the air), but the logistics of how it would securely get from NYC to airport etc is kinda cool.
    • dmoy 43 minutes ago
      From the article it sounds like they moved 27 tonnes, not 86. (Most gold "moves" are just selling in one location and buying in the new, and eating the spread. Eventually I guess there's math showing the spread is large enough it's worth moving)

      But yes, would be a cool read on the logistics.

    • spacedcowboy 41 minutes ago
      It’s what happens when other countries no longer trust you to keep your word.

      Besides, I imagine they move it, then they say they’ll move it.

  • Insanity 48 minutes ago
    Guessing other countries will follow (France already did, and Germany was discussing it IIRC).
  • ChrisArchitect 42 minutes ago
    • driverdan 41 minutes ago
      This is a much better source too. Dailymail is trash tier.