Markets

Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’

DNB prefers London over the US city, pointing to better ‘tradeability’ of bullion

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DW NOTE

The Dutch central bank is pulling gold from New York vaults and sending it to London, citing "geopolitical unrest" and superior "tradeability." That's central bank language for: we no longer trust that we can access our reserves when we need them. When a G7 ally quietly relocates monetary gold because of doubts about US stability, that is not risk management — it is a vote of no confidence in the durability of American institutions.

Read the full story at Financial Times →

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Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’

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