Netherlands moves billions in gold to London in 'crisis preparedness' move
Summary
The Dutch central bank moved billions of dollars worth of gold from the US and Canada to London because of growing global tensions. About 86 tonnes of gold were relocated to the Bank of England to make it easier to trade in a crisis.Key Facts
- The Dutch central bank moved 86 tonnes of gold from North America to London between March and August.
- 27 tonnes were physically transported from New York and Ottawa to the Netherlands, then similar gold was moved to London.
- The rest of the gold was sold in New York and repurchased in London.
- The move aims to improve crisis preparedness amid rising geopolitical unrest.
- The gold is now held at the Bank of England, which is considered the easiest place in the world to trade gold.
- The US and Canada are experiencing trade disputes, including tariffs on steel, aluminum, lumber, automobiles, and other goods.
- Before the move, 31.3% of Dutch gold was in New York and 19.7% in Ottawa; after the move, those numbers dropped to 18.5% in both places.
- The total Dutch gold reserves at the end of 2025 were 612.4 tonnes, worth about 72.2 billion euros.
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