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Dutch Central Bank Shifts Gold to London | Canada News
Description
The Dutch central bank just pulled off a massive gold reshuffle—moving billions in reserves from New York and Ottawa to London—calling it “crisis preparedness” amid rising global tensions. Between March and August, they physically relocated 86 metric tons, sold some in the U.S., then repurchased it in London for easier trading. Now, London holds a bigger slice of their gold, while New York and Ottawa each hold about 18.5% instead of over 30% and 20%. Governor Olaf Sleijpen says this boosts liquidity and readiness without expecting to ever use the reserves—but it’s a clear move to hedge against disruption.
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