Markets

Dutch Central Bank Shifts Gold From US on ‘Geopolitical Unrest’ - Bloomberg.com

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DW NOTE

De Nederlandsche Bank moved an unspecified quantity of gold reserves from New York to Amsterdam, citing "geopolitical unrest." The timing is straightforward: the Strait of Hormuz has been effectively shut for 188 days, oil inventories are falling at 3.8 million barrels per day, and BRICS states are actively building non-dollar settlement infrastructure. Central banks repatriate gold when they stop trusting the jurisdiction holding it.

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Dutch Central Bank Shifts Gold From US on ‘Geopolitical Unrest’ - Bloomberg.com

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