Why the Dutch are moving gold out of the U.S. - Axios
Why the Dutch are moving gold out of the U.S. - Axios
Source: Axios
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DW NOTE
The Dutch central bank is repatriating gold from New York vaults. When a NATO member starts treating its monetary reserves like a flight-risk asset, that's a policy statement dressed up as logistics. Central banks have held bullion abroad for decades under the premise that distance equals diversification. But distance also means counterparty risk — and the counterparty here is a country running a $1.4 trillion annual deficit with a Fed that may hike into a slowing economy while gold sits 14.7% off its January high.