Dutch central bank moves share of gold from U.S., Canada to London

jmclnx

This shows how much trust in the US has declined due to Trump. Netherlands is not the only or first country to do this, other countries have started this too.

kaon_2

It may be quirky for Americans to hear this, but one pivotal moment when it truly dawned on the average european citizen how corrupt the US has become, was when Trump phoned Infantino to drop a red card during the world cup. Blatant corruption for zero gain that even the Putin's and Xi Jin Pings never attempted. Any toddler could see how wrong it was and it was felt deeply in many hearts. Needless to say trust is close to 0% throughout the population - even the right wing populists distance themselves from Trump - and this is the consequence. I fear we are heading into dangerous times.

andsoitis

> “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.” They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.

josefritzishere

Is this to prevent the Orange man from stealing it? What do they imagine the risk is?

maxdo

Just in time before major European continental war begin. Strategic move. For the context : German airport was officially attacked by Russia . And that’s only one of many incidents. UK is on the radar of official Russian hawks for a very long time

nfrankel

Fun fact, France did exactly the same earlier this year (though the trend has been there for decades). [1] https://en.wikipedia.org/wiki/Gold_repatriation#France

adolph

Another interesting aspect to this story is the flow of value from US Treasuries to gold. Total gold held by central banks globally was valued at approximately $4tr at the start of 2026, surpassing, for the first time, the roughly $3.9tr in US Treasuries held by the same institutions. This marked a reordering of reserve asset preferences with significant long-term implications. [0] 0. https://www.investing.com/analysis/why-central-banks-are-bri...

roromainmain

Considering the Netherlands’ strategic ties with the US, this sounds like quite a bold move. France doing so was one thing, but the Dutchs have always been rather Atlanticists.

MadrasThorn

Everyone now has to hedge against the dollar because Elon, bank run Thiel, and Trump have taken over the system. I will not get better until they are removed. It is not in their interest to save the federal government, US dollar, or the economy. They are all BRIICS backed and want the dollar and trans atlanticism, backed by the US military, to fail.

Nathanael_M

Literally moves? Physically moves? Come on, doesn't this make your hands itch? Is it heist time folks?

hd4

https://www.theguardian.com/business/2026/jan/06/bank-of-eng...

scottLobster

One of the crazier ideas to address the deficit is revaluing gold reserves and throwing them at the deficit. Does anyone really think the Trump admin wouldn't consider seizing foreign gold reserves as part of such a move? I know that instinctively sounds crazy, but this administration attacked Iran without a plan for their closing the Strait of Hormuz, and tariffed uninhabited islands based on an AI-generated list. They're rational, but they're aggressive and dumb. Treat them as you would treat a guy who starts bar fights; one strategy is quietly moving to the far side of the bar, which is what this appears to be.

jurmous

Location Before After Change New York 31.3% 18.5% −12.8 pp Ottawa 19.7% 18.5% −1.2 pp London 18.1% 32.1% +14.0 pp Zeist 30.8% 30.8% 0 pp Seems it is mostly because there was less trust in the USA, and added a little bit from Canada to make it less obvious.

MentatOnMelange

https://www.kitco.com/news/article/2025-02-11/unseen-forces-... A year ago the opposite was being reported on. No clue of the relative numbers, but its telling none of the stories about this are providing the long-term data.

Havoc

Hedging against US risk is definitely sensible right now