Dutch central bank shifts billions in gold to London in ‘crisis preparedness’ move
Summary
The Dutch central bank moved a large part of its gold reserves from North America to London to be better prepared for possible future crises. The bank now holds more gold in London because it can be traded more easily there in emergencies.Key Facts
- The Dutch central bank shifted 86 metric tons of gold from New York and Ottawa to London between March and August.
- Before the move, New York held 31.3% and Ottawa 19.7% of Dutch gold reserves; now both hold 18.5% each.
- The bank owns a total of 612.4 metric tons of gold worth about 72.2 billion euros ($83.6 billion) as of the end of 2025.
- Around 27 metric tons of gold were physically moved from the U.S. and Canada to a vault in Zeist, Netherlands.
- A similar amount was moved from Zeist to London, while the rest was relocated through selling gold in New York and buying it in London.
- The bank said gold stored in London is easier to trade internationally and can be accessed faster during a crisis.
- Gold in New York and Ottawa is less readily available for immediate use in emergency situations.
- The move was made as part of the bank’s "crisis preparedness" amid global political uncertainty.
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