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The Dutch Central Bank is considering relocating its gold reserves, worth about $7.7 billion (€7bn) from Amsterdam to a different location.
De Nederlandsche Bank (DNB) said in a statement (in Dutch) that the main reason for looking for alternative storage is that the Frederiksplein headquarters, built in the sixties, is being renovated.
The new location would need to provide high levels of security for both employees and visitors
DNB said that while the idea of moving its reserves outside of the city seems logic, there are high security standards the location, employees and visitors would need to fulfill. Some of the security measures include scanners, passport controls and armed guards.
According to the latest IMF data, the Netherlands has 612.5 tonnes of gold, representing about 54.6% of its total foreign reserves. Those reserves are spread around the world with 31% held in Amsterdam, 31% held in New York, 20% in Ottawa and 18% in London.
DNB is expected to make a decision on whether to move the vault and its gold by the end of the year.
4 Comments
Altaf
They should look at the possibility of shifting their reserves to more secure locations like China and India which are future global superpowers.
Safe keeping in multiple locations makes sense only if one is not sure of security in one place. China and India offer absolute safety so they can keep all their gold in one place. This saves them worries of follow up in many locations.
Look what happened to Germany few years back. US refused to show Germans their own gold. They asked Germans to prove that they really are Germans and to bring witness that US took delivery of German gold and to prove that the gold was not acquired through false means. This gave the US some time in which they managed to shift gold from other countries to German safe. When the other countries ask US to show their gold, they will show gold of some other country. Many people believe the gold bars in Fort Knox is not at all gold but only Tungsten bars coated with gold. They believed that real gold is already taken home by earlier authorities in power.
DD
“China and India offer absolute safety” and the US Gold is fake.
Right.
RealTruth
US Government has deceived the entire global economic system into believing that it (falsely) has gold. The US uses JPMorgan proxies to create fake gold shares to manipulate the price of gold in cooperation with the London Gold Exchange. As more countries demand their “Physical Gold” and keep it away from the US (manipulators) the safer it will remain. It is time for all countries to realistically look at why the gold price has been held artificially low by the US – The US must do this in order to keep their “Ponzi Fiat US Dollar Scheme” working on a global scale.
The US will destroy the economies of every country that uses the US Dollar as the global currency.
Do your research. You will see it in the end.
Insight Information
There is only een little gold left in de Nederlandse Centrale Bank.