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'Crisis Preparedness': Dutch Move Billions In Gold Out Of US As Goldman Warns Of 'Geographic Concentration Risk'
'Crisis Preparedness': Dutch Move Billions In Gold Out Of US As Goldman Warns Of 'Geographic Concentration Risk'
The Netherlands' central bank transferred nearly 90 metric tons of gold bars from the United States and Canada to Britain amid growing concerns of "increasing geopolitical unrest," according to CNBC.
"With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness," DNB Governor Olaf Sleijpen said of the development.
Roughly 25% of the gold...
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