Europe Took Its GOLD Out of New York. Did It Dump the Dollar?

Germany, the Netherlands and France have all moved gold out of New York. A Federal Reserve economist checked whether they dumped the dollar too. Plus a "4.15% inflation" headline we checked, and what gold did the last time the Fed sped up. Gold traded near $4,030 on Wednesday afternoon, flat after Tuesday's drop on hot October inflation; silver was near $52.35, up about 2.4%. A Nov 9 Fed paper (FEDS Notes, by economist Colin Weiss, his own views) finds that Germany, France and the Netherlands kept most of their reserves in dollars after moving gold home; Russia and Turkey did cut dollars. Claim check 1: Peter Schiff's "4.15% inflation". Verdict: mixed (right number, ten months, not a yearly rate). In 2022 gold fell about 13% while the Fed sped up its hikes, then rose about 18% by January 2023, while the Fed was still hiking. David Morgan on silver's January spike and on 1980. Claim check 2: "the biggest gold fund sells a little gold every month". Verdict: supported. ⏱️ CHAPTERS 00:00 Gold left New York. Did Europe dump the dollar? 00:17 Gold and silver on Wednesday 00:32 A Fed paper on gold going home 01:04 Germany, France, Russia and Turkey 01:45 The other side 01:59 Claim check: "4.15% inflation" 02:39 Verdict: mixed 02:59 Gold and CPI: barely connected? 03:17 The last time the Fed sped up (2022) 04:08 Our check of the dates 04:29 Silver's January spike 04:58 What dealers paid in 1980 05:24 How far below its average 05:41 Claim check: the shrinking gold fund 05:58 Verdict: supported 06:17 What to watch 06:42 Wrap-up 📺 SOURCES (watch the full videos and support these creators) • SalivateMetal: "The Federal Reserve Just Responded to Gold Repatriation! What They Said About The Dollar" (clips at 1:04, 5:19): https://www.youtube.com/watch?v=qkg_i2y8XyI&t=64s • Peter Schiff: "4.15% Inflation. $3 Trillion Deficits. We're in the Final Stages." (clip at 9:13): https://www.youtube.com/watch?v=9ayp_Vax-ZQ&t=553s • Trey Reik on GoldSilver: "GOLD 'Has Very Little To Do' With CPI: Trey Reik" (clip at 1:10): https://www.youtube.com/watch?v=e1pctirezIs&t=70s • The Asian Guy: "BREAKING: Hot CPI Crashes Gold $125 — The Fed Just Floated a HALF-POINT Hike" (clip at 5:54): https://www.youtube.com/watch?v=JdWo1U6Zf6c&t=354s • David Morgan on Kitco NEWS: "Who Killed the Silver Rally? He Watched It Happen 3 Times" (clips at 4:03, 5:33, 20:53): https://www.youtube.com/watch?v=qzpTKD_HEQM&t=243s • GoldSilver: "GLD Sells A Little GOLD Every Month To Pay Fees" (clip at 1:32): https://www.youtube.com/watch?v=FH2oKQioq14 📊 DATA Prices: futures (GC=F, SI=F, DX-Y.NYB), Yahoo Finance, Nov 11 intraday; closes from the same source. Fed paper: Colin Weiss, "Gold Reserve Relocations: Are They Always Bad News for U.S. Dollar Reserves?", FEDS Notes, Nov 9, 2026 (federalreserve.gov). 4.15%: BLS CPI-U not seasonally adjusted (FRED CPIAUCNS), 324.054 (Dec 2025) → 337.511 (Oct 2026); seasonally adjusted (CPIAUCSL) about 3.6%. Calendar years: 2023 3.4%, 2024 2.9%, 2025 2.7%. 2022: Fed hikes +0.50 May 4, +0.75 Jun 15, Jul 27, Sep 21, Nov 2. Gold closes $1,868.80 (May 4, 2022) → $1,630.90 (Nov 3) → $1,929.50 (Jan 31, 2023). One past case, not a forecast. Silver: closes $115.08 (Jan 26), $78.29 (Jan 30, 2026). 30.9% below its 200-day average on Oct 30, 2026, the same as on Mar 18, 2020. GLD: SPDR Gold Trust 10-Q (June 30, 2026): 32,314,228 oz / 352.0 million shares; 0.1 oz per share at launch (Nov 18, 2004); sponsor fee 0.40%. Disclosures: SalivateMetal is sponsored by a bullion dealer (Summit Metals); GoldSilver is a bullion dealer's channel; Peter Schiff runs gold businesses; David Morgan sells a newsletter. 🖼️ IMAGES (public domain / CC0) Cleveland Museum of Art · Library of Congress · U.S. National Archives · The Met · NYPL · British Library · Federal Reserve · US BEP · Bernard Spragg · Gary Lee Todd · Carol M. Highsmith · Aussie~mobs · iamme ubeyou · and others via rawpixel and Flickr Commons (full list on request) 🔔 Subscribe for a gold & silver briefing that checks the claims: https://www.youtube.com/@MineralMomentum?sub_confirmation=1 ⚠️ Not financial advice. Clips are used for commentary and news reporting; all views belong to the original speakers. Do your own research. #Gold #Silver #PreciousMetals