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Dutch central bank moves 86 tonnes of gold to London

newsSep 3, 2026591,915

De Nederlandsche Bank moved 86 tonnes of its gold reserves out of the United States and Canada to London between March and August, citing “increasing geopolitical unrest” and a need to improve crisis deployability. DNB said gold held in London is more easily traded than gold in New York or Ottawa and that the shift makes the reserves quicker to deploy in a crisis, president Olaf Sleijpen said. The Netherlands’ total gold stock was 612.4 tonnes, valued at €72.2bn at the end of 2025; before the operation 31.3% was held in New York and 19.7% in Ottawa, and after the move each of those locations accounted for 18.5% while London’s share rose from 18.1% to 32.1%. The bank still keeps 30.8% of its gold in the Netherlands. DNB carried out the transfer partly by buying and selling and partly by physically moving metal, moving more than 27 tonnes from the US and Canada to Zeist and then the same quantity from Zeist to London to avoid remelting bars and to spread transport risk. Paris-based National Gold Counter president Laurent Schwartz and Cite Gestion analyst John Plassard said central banks have been relocating reserves and that London’s deep, liquid market makes immediate availability easier in crises.

Mark Chadbourn
@chadbourn.bsky.social

The Netherlands' central bank has moved billions of dollars worth of gold, about 86 tons, from New York and Ottawa to London, CNN reports . The bank said the transfer was meant to "prepare for crises" amid global political instability.

23644d ago
Mar Hicks
@histoftech.bsky.social

“The Dutch central bank (DNB) has confirmed that billions of dollars in gold has been taken out of north America and relocated to London, citing ‘increasing geopolitical unrest’” www.bbc.com/news/article...

15044d ago
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