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Dutch central bank moves €10 billion in gold out of U.S., Canada, citing “instability”

Reports claim the Dutch central bank moved €10 billion in gold from North America, citing instability, but records describe an earlier transfer.

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John Lewis

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Dutch central bank moves €10 billion in gold out of U.S., Canada, citing “instability”

Claims that the Dutch central bank recently moved €10 billion in gold from the United States and Canada because of instability appear to conflate the story with a 2014 repatriation. Contemporary reports said the bank brought 120 tonnes, valued at about €4 billion, from New York to Amsterdam. The stated reasons were to diversify storage and bolster public confidence during a potential economic crisis. Dutch reserves were also held in New York, Ottawa and London, according to the earlier account

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