7 hrs ago
Netherlands Moves 86 Tonnes of Gold to London
The Netherlands keeps some of its money in the form of gold.
Its central bank moved 86 tonnes of that gold away from the United States and Canada.
Most of the gold is now held in London by the Bank of England.
The bank said London gold is easier to trade if a crisis happens.
Officials said the move was meant to make the country better prepared for uncertain events.
Some gold bars were physically transported, while other gold was sold in New York and bought again in London.
The operation took place between March and August.
The bank did not explain exactly what geopolitical problems it was worried about.
The Dutch central bank moved 86 tonnes of gold from the United States and Canada to London.
The transfer occurred between March and August and took several months to complete.
The Bank of England now holds the gold because it can be traded more easily during a crisis.
DNB said 27 tonnes were physically moved from New York and Ottawa to the Netherlands before being transferred to London.
The Netherlands’ total gold reserves stood at 612.4 tonnes, valued at €72.2 billion, at the end of 2025.
- Who
- The Dutch central bank, De Nederlandsche Bank, led the transfer, with Bank President Olaf Sleijpen describing it as necessary for resilience and preparedness.
- What
- The Netherlands relocated 86 tonnes of gold from the United States and Canada to London.
- Where
- Gold was moved from New York and Ottawa, via the Netherlands in part, and is now held in London by the Bank of England.
- When
- The transfer took place between March and August, with the announcement made on Wednesday.
- Why
- DNB said London gold is more easily tradable in a crisis and cited increasing geopolitical unrest.
Key facts
- Gold moved
- 86 tonnes
- Physical transfer
- 27 tonnes were moved from New York and Ottawa to Zeist in the Netherlands before being transferred to London.
- Current London share
- The Netherlands’ gold held in London increased from 18.1% to 32.1%.
- Remaining North American holdings
- The shares held in New York and Ottawa each fell from 31.3% and 19.7%, respectively, to 18.5%.
- Total gold stock
- 612.4 tonnes at the end of 2025
- Reported value
- €72.2 billion
- Gold held in the Netherlands
- 30.8% of the country’s reserves
Quotes
Dutch central bank (DNB)
The Netherlands’ central bank
“With this relocation, we have improved the tradeability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness.”
theprint.in
“Combining the processes of buying and selling and physical transport has allowed DNB to spread the risks associated with such a complex physical gold relocation”
firstpost.com
Laurent Schwartz
President of the Paris-based National Gold Counter
“The current political context in the United States might also push certain central banks into favouring other storage locations.”
theprint.in
Sources
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