De Nederlandsche Bank has moved 86 tonnes of gold from the US and Canada to London

De Nederlandsche Bank (DNB) has relocated over 86 tonnes of gold from North America to London to improve crisis preparedness amid rising global geopolitical tensions. Valued at approximately 10.3 billion euros, the gold was transferred from vaults in the United States and Canada to the Bank of England. The bank stated that this move aims to better balance its gold reserves across the Netherlands, North America, and the United Kingdom, ensuring the assets remain highly liquid and accessible if needed. Part of the transfer involved selling and repurchasing gold to ensure efficiency, while other portions were transported physically through the secure DNB Cash Centre in Zeist. London was chosen because it serves as a central hub for global gold trading and holds assets that meet modern standards for immediate marketability. Currently, 32.1 percent of the Dutch gold supply is held in London, with the remainder stored in Zeist, New York, and Ottawa. DNB officials emphasized that while they hope the reserves never need to be utilized, strengthening their resilience is a necessary strategic step in the current global climate.