DNB: Netherlands bank moves billions in gold to London in 'crisis preparedness' move - BBC
DNB: Netherlands bank moves billions in gold to London in 'crisis preparedness' move - BBC
Source: BBC
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DW NOTE
DNB moving billions in gold reserves from Amsterdam to London is "crisis preparedness" the way loading lifeboats is routine maintenance. Central banks don't relocate physical reserves across borders on a whim — they do it when they believe territorial risk is no longer theoretical. With the Strait closed, Russia holding 20% of Ukraine, and oil still 19% below its recent peak despite a 10.7% weekly surge, the Dutch are pricing in scenarios where Amsterdam's vaults become strategically vulnerable. London's depth matters more than its safety; what DNB needs is a market where size can move fast.