Very proud to be Dutch today. Nice secret operation from Dutch Central Bank to get 123t gold from NY Fed https://t.co/5dRGkzmFAT
— In Gold We Trust (@KoosJansen) November 21, 2014
The Netherlands Has Repatriated 122.5t Gold From US https://t.co/5dRGkzmFAT pic.twitter.com/vXIqD4e4bV
— In Gold We Trust (@KoosJansen) November 21, 2014
Article in Dutch states that the Dutch in secret brought back 130 tons of gold from US vaults in Manhattan. So we succeeded where the Germans did not? Very hard to believe…
The Dutch central bank, De Nederlandsche Bank (DNB), has repatriated in utmost secret 122.5 tonnes of gold from the Federal Reserve Bank of New York (FRBNY) to its vaults in Amsterdam, The Netherlands, according to a press release from DNB published today (November 21).
DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Council’s latest data DNB has 612.5 tonnes in official gold reserves.
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Global Consequences
The impact of the Dutch gold repatriation can be huge. First of all, because it underlines more and more countries are getting nervous about their gold reserves stored in the US. Venezuela repatriated most of its reserves from abroad in 2012, the year Germany also announced a repatriation schedule from the US and France. While Germany settled with the US to ship 300 tonnes spread over 8 years, the Dutch set a new trend to insist on immediate delivery. If more counties will follow there can be a global run on gold.
Recently the Swiss people also got nervous about the Swiss National Bank (SNB) its gold policy and asked for a referendum to store all of the official gold reserves on Swiss soil. The Swiss referendum is held on November 30 and will most likely be influenced by the 123 tonnes of gold repatriated by The Netherlands.
Koos Jansen
https://www.bullionstar.com/blog/koos-jansen/the-netherlands-has-repatriated-122-5t-gold-from-us/
Dutch Mainstream TV Covers Global Interest in Gold
Dutch TV show covered the Swiss Gold Referendum, Chinese gold buying, Russian central bank purchases, as well as other topics. Viewed from a ‘Keynesian’ angle and from a gold advocate. Read more at https://www.bullionstar.com/blog/koos…


