DW News. . The Dutch central bank has moved 86 tons of its gold reserves out of New York and Ottawa and into London, in an operation that ran from March to August. It cited increasing geopolitical unrest, and said gold held in London can be traded faster
DW News. . The Dutch central bank has moved 86 tons of its gold reserves out of New York and Ottawa and into London, in an operation that ran from March to August. It cited increasing geopolitical unrest, and said gold held in London can be traded faster tha - facebook.com
Source: facebook.com
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DW NOTE
The Dutch central bank just reclassified 86 tons of gold from reserve asset to tradeable inventory by moving it to London. When a major creditor nation starts treating monetary gold like a commodity position, that's a vote of no confidence in the monetary system it's supposedly backing.