Why the Netherlands Moved 86 Tons of Gold from the U.S. and Canada to the U.K.

The Dutch Central Bank (DNB) has relocated a portion of its gold reserves from the United States and Canada to the United Kingdom.

According to agencies such as AFP, the DNB announced in a statement on the 2nd (local time) that it had transferred 86 tons of its gold stored in New York, U.S., and Ottawa, Canada, to London, citing heightened geopolitical uncertainties.

The DNB stated that "this measure enhances the usability of our gold reserves," explaining that gold stored in London can be traded more easily than gold kept in New York or Ottawa.

The DNB added, "While we expect that we will never actually need to use the gold, it is necessary to strengthen our resilience and preparedness."

According to the DNB, as of the end of last year, the Netherlands' total gold reserves stood at 612.4 tons, valued at 72.2 billion euros (approx. 114 trillion won).

Meanwhile, following this measure, the shares of DNB's gold reserves held in New York and Ottawa were adjusted from 31.3% and 19.9% to 18.5% each.

On the other hand, the share of DNB's gold reserves held in London increased from 18.1% to 32.1%.

The proportion of gold stored domestically in the Netherlands was maintained at 30.8%.

The DNB stated that the relocation process was carried out partly through direct physical transport of the gold and partly through sales and purchases, adding, "By combining sales and physical transport, we mitigated the risks associated with directly moving large quantities of gold."
※ Please note: This article was translated by AI and may contain errors.