Europe Shifts Gold From US, Ukraine Eyes Porn Tax for Drones & IAF Drills Put Pak on Alert
16 Articles
16 Articles
Europe Shifts Gold from US, Ukraine Eyes Porn Tax for Drones & IAF Drills Put Pak on Alert
Geeta Mohan examines shifting geopolitical strategies in Statecraft, beginning with European nations relocating gold reserves from North America. The Netherlands has moved 86 tonnes of gold away from the United States and Canada to London and domestic vaults to enhance accessibility during potential crises, reflecting broader European moves to reduce dependence on Washington amid policy divergences. In Ukraine, lawmakers are pushing to legalise and tax the adult entertainment industry, projecting annual revenues of up to 25 million dollars to purchase approximately 30,000 combat drones, while curbing underground corruption. Meanwhile, the Indian Air Force has initiated a massive 17-day combat exercise over Rajasthan near the international border, coinciding with the multinational Tarang Shakti drill, triggering heightened vigilance and emergency meetings across Pakistan's defence establishment. Additionally, US diplomatic envoys held substantive talks with Vladimir Putin in Moscow and Volodymyr Zelensky in Kyiv, while Germany's far-right AfD achieved a major electoral victory in Saxony-Anhalt.
The Dutch central bank's move of tons of gold from North America to London has reshuffled the cards in Europe. Amid escalating geopolitical tensions and the possibility of crises, European central banks are strategically moving their gold reserves closer to their own regions.
In Europe, there are growing calls to remove the country's gold reserves from the United States.
Where The World's Gold Is Going And What China, India, Europe And America Know About The Next Financial Shock
For decades, where a central bank kept its gold was almost an afterthought. The bigger question was how much it owned. That is changing. In September, the Netherlands moved 86 tonnes of gold from New York and Ottawa to London, explicitly citing “increasing geopolitical unrest” and the need to make its reserves more readily deployable …
In recent months, global financial markets have seen increasing activity by central banks to reallocate gold reserves, reports the BBC. The latest example is the decision by the Dutch central bank to confirm the transfer of 86 tons of gold from the US and Canada to London. The official reason for this move is to increase the country's resilience to potential crises and ensure that the reserves are readily accessible in emergency situations.
86 tons of Dutch gold are moving from the US and Canada to London as central banks reconsider where and how their strategic reserves should be stored. Increased geopolitical tension, trade disputes and uncertainty in the global economy are leading European central banks to take a fresh look at how they manage […]
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