Netherlands Moves Gold From New York to London, Citing Geopolitical Unrest - WSJ
Netherlands Moves Gold From New York to London, Citing Geopolitical Unrest - WSJ
Source: WSJ
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DW NOTE
The Netherlands is repatriating gold from New York to London while the Strait of Hormuz has been blocked for 188 days, Russia occupies a fifth of Ukraine, and the US has added $1.4 trillion to its deficit in six months. When a NATO ally decides American soil is the wrong place to store monetary reserves, that's not geopolitical hedging — that's a vote of no confidence in dollar jurisdiction.