Dutch Central Bank Shifts 86 Tons of Gold From North America to London for Crisis Preparedness
JH Kim
Summary
- The Dutch central bank said it moved 86 tons of gold stored in North America to London to prepare for global political instability.
- The Dutch central bank said the gold transfer was intended to strengthen its crisis response capability amid international uncertainty.
- The Dutch central bank uses gold as a reserve asset for times of crisis and said the move was aimed at preparing for geopolitical uncertainty.
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The Dutch central bank has moved 86 tons of gold from storage facilities in North America to London to prepare for global political instability.
Cointelegraph reported on September 2 that the Dutch central bank described the transfer as a step to strengthen its ability to respond to crises amid international uncertainty.
The gold moved in the transfer totaled 86 tons.
The Dutch central bank uses gold as a reserve asset for times of crisis. It said the relocation was also meant to prepare for heightened geopolitical uncertainty.
JH Kim
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