Dutch shift 86 tonnes of gold from US, Canada to UK
Dutch shift 86 tonnes of gold from US, Canada to UK
Citing 'increasing geopolitical unrest', the Dutch central bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa.
The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa.
“This makes it the quickest for DNB to deploy in a crisis situation,” said the bank in a statement.
“With this step, we have improved the deployability of the gold reserves. We assume that we will never need to deploy the gold, but it is nevertheless necessary to strengthen our resilience and preparedness,” said DNB president Olaf Sleijpen.
The total Dutch gold stock amounted to 612.4 tonnes and was valued at €72.2 billion at the end of 2025, said the DNB.
Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa.
After the move, both countries account for 18.5% of the Dutch gold reserve.
The share of gold held in London increased from 18.1% to 32.1%. The bank still holds 30.8% of its gold in the Netherlands.
The transfer was carried out partially by buying and selling and partly by physically transferring gold, said the bank.
The bank moved more than 27 tonnes of physical gold from the US and Canada to Zeist.
The same quantity of gold was moved from Zeist to London, preventing the melting down of gold bars.
“By combining buying and selling and physical transport, the risks associated with physically moving a large quantity of gold have been spread,” said the DNB.
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Pokoknya, Wankee tidak bisa dipercayai, wakakaka
The Dutch have forgotten the history of the gold, and who they can trust.
ReplyDeleteThe Nazis captured almost the entity of Netherlands gold reserves 145.tonnes of it, and gasak it,.melted down into untraceable ingots.
After WW2 , less than half was ever recovered. In those Gold-backed currency days, it was a BIG hindrance to Netherlands postcards economic recovery. Pre-North Sea gas Netherlands would have been left an impoverished country if not for The Wankee Marshall Plan.
The decision at the time was to safeguard the remaining gold by shipping it across the Atlantic.to USA and some to Canada.
The lessons of history is being forgotten.
new THREAT, who wants to rampas Greenland, Canada and even Hormuz (wakakaka) after having rampas Venezuela for its oil.
DeleteNorway just seized the Russian Arctic research and expedition vessel Professor Molchanov in Barentsburg, Svalbard.
ReplyDeleteA Norwegian court ordered the seizure on August 31st in order to compensate Ukraine $4.22 billion after Russia stole Naftogaz assets in Crimea.
An international arbitration tribunal in The Hague administered under the Permanent Court of Arbitration ordered Russia to pay $4.22 billion (plus interest and legal costs) to the Ukrainian state-owned energy company, Naftogaz in 2023.
Because Moscow has consistently refused to pay the award, Naftogaz is actively enforcing the ruling globally through local courts.
The new ruling in a Norwegian court is another win after The Helsinki District Court ordered the confiscation of up to $4.25 billion worth of Russian state assets located within Finnish territory in 2024 to compensate Naftogaz.
The Ukrainian company is actively pursuing similar asset-freezing and seizure orders in the United States, United Kingdom, and France to satisfy the multibillion-dollar judgment
https://x.com/visegrad24/status/2095298840605732993?s=20
wakakaka… enforcible? & by whom, mfer?
Delete