To supplement this, there was an interesting situation in 2025 [0] where a financial signal developed and we saw physical gold flows from London to New York. A very similar mechanism; governments do something, price signal develops, gold starts flying around.
reply[0] https://www.usagold.com/gold-arbitrage-trade-winds-down-amid...
I imagine a convoy of small but heavily armored ships leaving New York, with nervous sailors clutching machine guns on the decks.
replyThis actually happened in 1965. De Gaulle, the president of France at the time, sent the French Navy over to America and took their reserve gold back home. This prompted other countries to do the same and by 1971 America had switched from a gold standard to a fiat currency.
reply> I imagine a convoy of small but heavily armored ships
replyIt’s typically flown [1].
[1] https://www.independent.co.uk/news/world/americas/us-politic...
And in the past it has been shipped in boxes labelled "fish"[0].
replyAlas, goldfish wouldn’t be invented until 1962 [1].
replyNot that that stops heist:
https://en.wikipedia.org/wiki/Toronto_Pearson_International_...
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