The Dutch central bank, DNB, has confirmed that 86 tonnes of gold were moved from the United States and Canada to London, citing “increasing geopolitical unrest”. The bullion is now held by the Bank of England, where DNB said it can be traded more easily “in a crisis situation”.

Gold Transfers Carried Out Over Months

DNB said the operation to relocate the precious metal took several months and took place between March and August. It involved multiple stages, including a transfer of 27 tonnes of gold bars from New York and Ottawa to Zeist in the Netherlands.

A similar quantity of bars was then moved from the Netherlands to London without melting the bullion, DNB said.

The rest of the transfer was carried out through financial transactions rather than direct bar movements: DNB said it sold the gold in New York and repurchased it in London. DNB said combining buying and selling with physical transport helped it spread risks associated with moving gold across borders.

Exactly how the bullion was shipped across the Atlantic was not disclosed.

Bank Of England Cited For Crisis Trading

DNB president Olaf Sleijpen said the move was necessary to “strengthen our resilience and preparedness”. In its statement, the central bank said gold held with the Bank of England is regarded as the world’s most easily tradable, making it more readily available in a crisis than if it remained in the US or Canada.

DNB did not specify what it was referring to when it mentioned geopolitical unrest. It pointed instead to broader uncertainty affecting global trade.

Trade Dispute And Market Pressure

The announcement comes as the US and Canada remain locked in a trade dispute. Both countries have announced new tariffs on each other after failed trade talks.

DNB said the US economy remains uncertain due to the country’s ongoing war with Iran, which it said has impacted global trade. It also cited the effect on Canada of US tariffs on key sectors including steel, aluminium, lumber and automobiles, along with an additional 50% levy on about C$28bn (US$20bn; £15bn) of Canadian goods announced in August.

Reshaped Holdings Across Locations

Before Wednesday’s announcement, DNB held 31.3% of its gold in New York and 19.7% in Ottawa. After the relocation, those shares have fallen to 18.5% in both locations.

DNB said the Netherlands’ total gold stock was 612.4 tonnes at the end of 2025, valued at €72.2bn. Its share of gold held in London increased from 18.1% to 32.1% following the move, while 30.8% of its reserves remain held in the Netherlands.

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3 September 2026

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I hope and I am sure other countries will follow suit.
Who wants to entrust their gold reserves to a now dubious state like the USA?

2 minutes ago, BerndD said:

I hope and I am sure other countries will follow suit.
Who wants to entrust their gold reserves to a now dubious state like the USA?

And his sycophants will be like the band that continued to play on the Titanic the whole time knowing it was sinking.

So, no more gold to decorate the ballroom?

If I were a country with Gold deposited in the U S A, I would move it too,

the US has a 40 Trillion $ in Government debt ,in 1933 during the great

depression , required all citizens to hand to the government all their

Gold, under threat of up to 10 years in prison ,if they did not.

With such massive debt that they could never repay ,and an economy

that is looking very shaking to say the least ,with a maniac in charge

who could do anything in the next 2 years , the risk looks to large ,so

sensible to move the Gold ,other countries already have...

regards worgeordie

They moved it to the UK.

Closer but barely better.

1 minute ago, FlorC said:

They moved it to the UK.

Closer but barely better.

Their economy is in worse shape than even the poorest US state, Mississippi.

3 minutes ago, impulse said:

Their economy is in worse shape than even the poorest US state, Mississippi.

So? It wasn't moved due to the US economy, but due to the US political situation.

5 hours ago, webfact said:

DNB did not specify what it was referring to when it mentioned geopolitical unrest. It pointed instead to broader uncertainty affecting global trade

Old mate down the pub reckons it will make it easier for the new Muslim overlords of England to trade gold for weapons rather than take the risk of having it sanctioned and frozen by America or Canada... he could be wrong but he makes a very valid point I think

44 minutes ago, FlorC said:

They moved it to the UK.

Closer but barely better.

Curious has to ask, why didn't they just move it back to Holland?... do they know something about what's gonna happen to Holland that we don't?

Won't be safe if Russia decides to melt London!

1 hour ago, FlorC said:

They moved it to the UK.

Closer but barely better.

Why? Do you have even the slightest knowledge of the system in place in the UK?

Get it out before the US confiscates it under some pretext

Americas crumbling. I wouldn’t put it past the current clown show to steal others gold!

26 minutes ago, wombat said:

Old mate down the pub reckons it will make it easier for the new Muslim overlords of England to trade gold for weapons rather than take the risk of having it sanctioned and frozen by America or Canada... he could be wrong but he makes a very valid point I think

Man. That's dark...

I hope you're wrong, but I don't know.

1. The Dutch were hiding it from the Germans they're known to have sticky fingers

2. London? According to the Trumplanders it's too expensive because everyone from Pakistan wants to live there and every woman on the street gets raped. Good luck with that 👍

3. I hope Trump got a DEAL some nice tulips in exchange for his gold for the White House lawn. Some people like getting into pink tulips but I prefer getting into the light chocolate almost purple ones. 😆

Edited September 3Sep 3 by SiSePuede419
in exchange for his gold

1 hour ago, stevenl said:

So? It wasn't moved due to the US economy, but due to the US political situation.

Why do you figure they pulled their gold out of Ottawa if it was about US politics?

As I recall, the UK seriously failed the Dutch the last time. That gold is a lot safer 5000 miles away from, for example, Ukraine and Russia.

Edited September 3Sep 3 by impulse

DNB pulling their gold reserves followed France recent withdrawal of their gold reserves from US. Likely Germany and Italy who have sizeable gold reserves in US will do likewise. In this troubled economic times, the gold will be a good hedging toll against inflation and currency fluctuation. However the bigger picture, these withdrawals from US is highly symbolic indication of the declining global trust in US financial institutions.

1 hour ago, impulse said:

Their economy is in worse shape than even the poorest US state, Mississippi.

But the UK is infinitely more stable than the US right now. Under the clown a certain level of insanity, instability, hubris, arrogance and ignorance has creeped in, and it's not a safe place for any monetary instruments these days, including the stock and bond market.

It's just a matter of time before the sinking ship has consequences for millions upon millions.

59 minutes ago, wombat said:

Old mate down the pub reckons it will make it easier for the new Muslim overlords of England to trade gold for weapons rather than take the risk of having it sanctioned and frozen by America or Canada... he could be wrong but he makes a very valid point I think

"Old mate" is clearly being facetious or he is an idiot.

2 hours ago, BerndD said:

I hope and I am sure other countries will follow suit.
Who wants to entrust their gold reserves to a now dubious state like D

Don.y worry everybody King charles will look after the gold and you can be assured that he won't give the keys of the vault to Harry and his dragonlady .

2 hours ago, BerndD said:

I hope and I am sure other countries will follow suit.
Who wants to entrust their gold reserves to a now dubious state like the USA?

I agree fully. Foresight. That's why these top bankers get paid the big money. Troubling that they had the foresight to empty out their vaults in Canada though. It could send various different signals like the United States has plans for some kind of e-occupation of the monetary and commodities indices in Canada. Or cyberattacks by almost any bad player on Canada's bullion market. False flag ops, etc.

2 hours ago, FlorC said:

They moved it to the UK.

Closer but barely better.

Yes but it is still the go-to place for global banking and commodities (gold in particular).

This could well lead to a stampede by other big banks to reduce their gold holdings in the US (and Canada) and move them to London. What does that do to North American currencies?

2 hours ago, worgeordie said:

If I were a country with Gold deposited in the U S A, I would move it too,

the US has a 40 Trillion $ in Government debt ,in 1933 during the great

depression , required all citizens to hand to the government all their

Gold, under threat of up to 10 years in prison ,if they did not.

With such massive debt that they could never repay ,and an economy

that is looking very shaking to say the least ,with a maniac in charge

who could do anything in the next 2 years , the risk looks to large ,so

sensible to move the Gold ,other countries already have...

regards worgeordie

Netherlands has not removed all its gold. As stated in the article:

“Before Wednesday’s announcement, DNB held 31.3% of its gold in New York and 19.7% in Ottawa. After the relocation, those shares have fallen to 18.5% in both locations.”

Nevertheless, it does represent a significant shift bearing in mind that moving these types of bullion holdings the type of thing that is done on a whim. It’s a long term strategic decision.

2 hours ago, FlorC said:

They moved it to the UK.

Closer but barely better.

The reason for the move cited by the Netherlands was the depth of trading in gold within the London market.

So closer and a more liquid market for trading purposes.

“The bullion is now held by the Bank of England, where DNB said it can be traded more easily “in a crisis situation”.”

1 hour ago, wombat said:

Old mate down the pub reckons it will make it easier for the new Muslim overlords of England to trade gold for weapons rather than take the risk of having it sanctioned and frozen by America or Canada... he could be wrong but he makes a very valid point I think

Does he know that the gold belongs to the Dutch central bank and not some fictional Muslim overlord of Britain?

I mean, come on, if you’re going to start a rumor, you need to have at least some tenuous link to reality to make it believeable.

27 minutes ago, ronnie50 said:

I agree fully. Foresight. That's why these top bankers get paid the big money. Troubling that they had the foresight to empty out their vaults in Canada though. It could send various different signals like the United States has plans for some kind of e-occupation of the monetary and commodities indices in Canada. Or cyberattacks by almost any bad player on Canada's bullion market. False flag ops, etc.

They didn't empty their vaults in Canada, they only removed 1.2% of it.

"Before Wednesday’s announcement, DNB held 31.3% of its gold in New York and 19.7% in Ottawa. After the relocation, those shares have fallen to 18.5% in both locations."

12 minutes ago, ronnie50 said:

This could well lead to a stampede by other big banks to reduce their gold holdings in the US (and Canada) and move them to London. What does that do to North American currencies?

Why would it do anything to North American currencies?

The whole process has been underway for months and has now been completed. Was it ever cited as a reason for currency movements over that period? Certainly i didn’t read about it doing so.

By big banks, I assume you mean central banks, not banks per se. I would not be surprised if others are considering or even undertaking or even have completed some realignment of their gold reserves, in order to diversify away from North America.

The reasoning used by the Dutch central banks probably applies to others, and therefore they may reach the same conclusion. Geopolitical uncertainty in North America is high and London has the most liquid gold market. Ergo, it might prompt some change.

1 hour ago, impulse said:

Why do you figure they pulled their gold out of Ottawa if it was about US politics?

As I recall, the UK seriously failed the Dutch the last time. That gold is a lot safer 5000 miles away from, for example, Ukraine and Russia.

They only removed 1.2% of their gold out of Ottawa, they still have 18.5% remaining there.