Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’ - The New York Times
Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’ - The New York Times
Source: The New York Times
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DW NOTE
The Dutch central bank is repatriating gold from New York vaults, citing geopolitical risk — a polite way of saying they no longer trust the security of US custody during a war that has closed the Strait of Hormuz for 189 days. When allies start moving their reserves home, that's not diversification, that's a vote of no confidence.