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Dutch Bank Moves 86 Tonnes of Gold Out of North America

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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GoodieAfterDark Silver Member

GoodieAfterDark

Advanced Member
6 hours ago, Patong2021 said:

Please crawl back under the rock.

Your statement is unfounded and the result of a diseased mind. Israel has not had gold reserves since the sold it off in 1979/1980 and 1985. They don't need, nor want the physical asset. Many countries have reduced or disposed of their gold because they have other assets. Holding physical gold is an expensive undertaking and not necessary for most countries.

WOW, Patong. I think you went fishing. So let's pretend that the main goal of the Judeo Masonic cabal is to rebuild the third temple. And then we have the new Messiah driving his donkey into the holly land.

You are basically telling me that Jews do not like gold and it is too hard to store or hide. You can not stick it inside of your anus like it was done with diamonds during the terrific, terrible, horrible holocaust. But if you do a little research, you will find out that those temples had so many treasures, so much gold. Are you telling me that it was all made up? Fairy tales?

flexomike Gold Member

flexomike

Advanced Member
22 hours ago, smartass said:

So, no more gold to decorate the ballroom?

Everyone likes a little, but no one likes a smart - 555

Yellowtail Star Member

Yellowtail

Advanced Member
9 hours ago, candide said:

I never wrote that the decrease in gold prices started on 1 January. 😂

The graph I posted, which doesn't start on 1 January shows a clear trend of price increase in 2025, and a trend of price decrease in 2026 (according to the graph I posted, after the peak in February 2026).

https://tradingeconomics.com/commodity/gold

As to the role of price and volume, you wrote:

"I noticed that the article you linked to was talking about how gold have tripled, but it was the dollar value that tripled, not the volume."

I understood that as a suggestion that the price increase were responsible for the increasing share of gold in reserves. Considering that Value= P×Q, if value increase and not volume (Q), it can be deduced that the volume increase is caused by price increase. As I wrote, it was likely the case in 2025, but not in 2026 (if you want to split hairs, from February 2026).

If you didn't mean that the price increase were responsible for the increasing share of gold in reserves, what did you mean exactly?

Screenshot_20260903_164435_Samsung Browser.jpg

You could as easily say that sold declines every day, because it does.

I was talking about the 2025 articles you linked that used dollars rather than tonnes.

nauseus Star Member

nauseus

Advanced Member
16 hours ago, Patong2021 said:

Please crawl back under the rock.

Your statement is unfounded and the result of a diseased mind. Israel has not had gold reserves since the sold it off in 1979/1980 and 1985. They don't need, nor want the physical asset. Many countries have reduced or disposed of their gold because they have other assets. Holding physical gold is an expensive undertaking and not necessary for most countries.

i was surprised to hear that so looked around and this link says differently:

https://www.theglobaleconomy.com/Israel/reserves/

Just under USD 230B value, from relatively recent purchases.

You may need to look for a rock now too!

pacovl46 Platinum Member

pacovl46

Advanced Member
On 9/3/2026 at 9:14 AM, OneManShow said:

That would be in favor of Putin. 😂

Why would that be in favor of Putin?

nauseus Star Member

nauseus

Advanced Member
(edited)
18 hours ago, candide said:

As the price of gold has been decreasing in 2026, the increase in gold's share of reserves in 2026 cannot have been caused by gold price increase, as you suggested. Capice?

The gold price rise has certainly made the metal more interesting to many. The price pullback this year is small compared to the rapid rise in 2024/5 and fell only to $4k before rebounding again. China loves gold anyway and has been buying heaps since realizing its new economic and financial strength. More countries have decided to follow suit as, well as repatriate much of their old gold reserves. A loss of trust in the US dollar and economy has been another recent driver of this.

Edited by nauseus

Patong2021 Diamond Member

Patong2021

Advanced Member
(edited)
8 hours ago, nauseus said:

i was surprised to hear that so looked around and this link says differently:

https://www.theglobaleconomy.com/Israel/reserves/

Just under USD 230B value, from relatively recent purchases.

You may need to look for a rock now too!

Your reading comprehension skills are quite poor. Are you actually this challenged, to put it politely, or are you trying to mislead?

The reference you provide does not say that Israel has gold reserves. The reference you provide is in respect to Foreign reserves, including gold. This is the definition of Foreign Reserve. Did you read the definition? When a country's foreign reserves are measured, they are including gold assets, if they are there. It does not mean that there is gold. Nor does the reference state that there is a gold reserve.

Canada does not have gold reserves. Look at the reference for Canada. https://www.theglobaleconomy.com/Canada/reserves/

An ignorant person shopping for something to support his bias would conclude that Canada has gold, based upon the same reporting parameters. However, Canada liquidated its gold reserve. Norway has liquidated most of its gold reserve.

Other countries have also disposed of portions of their gold reserve.

The Foreign Reserve Definition for Canada is identical to that of Israel:

Definition: Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

The reserves of Canada and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and s
ome of the reserves may be converted to gold.

The above does not mean that a country has gold. Because the definition includes gold does not mean that a country has gold.

Edited by Patong2021

Yagoda Star Member

Yagoda

Advanced Member
On 9/2/2026 at 9:22 PM, 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?

as opposed to a powerful one like yours lol

On 9/2/2026 at 11:29 PM, spidermike007 said:

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

something that you fervently wish for, destroy america is your reason for existence

BerndD Gold Member

BerndD

Advanced Member
2 hours ago, Yagoda said:

as opposed to a powerful one like yours lol

something that you fervently wish for, destroy america is your reason for existence

Not only is the ship sinking, Yagoda is also sinking, just like the Moron. The midterms will show it and then there will be crying and gnashing of teeth. Halleluja, amen. lol.

nauseus Star Member

nauseus

Advanced Member
17 hours ago, Patong2021 said:

Your reading comprehension skills are quite poor. Are you actually this challenged, to put it politely, or are you trying to mislead?

The reference you provide does not say that Israel has gold reserves. The reference you provide is in respect to Foreign reserves, including gold. This is the definition of Foreign Reserve. Did you read the definition? When a country's foreign reserves are measured, they are including gold assets, if they are there. It does not mean that there is gold. Nor does the reference state that there is a gold reserve.

Canada does not have gold reserves. Look at the reference for Canada. https://www.theglobaleconomy.com/Canada/reserves/

An ignorant person shopping for something to support his bias would conclude that Canada has gold, based upon the same reporting parameters. However, Canada liquidated its gold reserve. Norway has liquidated most of its gold reserve.

Other countries have also disposed of portions of their gold reserve.

The Foreign Reserve Definition for Canada is identical to that of Israel:

Definition: Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

The reserves of Canada and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.
When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and s
ome of the reserves may be converted to gold.

The above does not mean that a country has gold. Because the definition includes gold does not mean that a country has gold.

Yes, that's why I used the word 'value'. The reserve description indicates a mix of bullion and currency, that's what is misleading in this (Israel) case.

Yagoda Star Member

Yagoda

Advanced Member
9 hours ago, BerndD said:

Not only is the ship sinking, Yagoda is also sinking, just like the Moron. The midterms will show it and then there will be crying and gnashing of teeth. Halleluja, amen. lol.

no there wont lol. except maybe with your ilk

Patong2021 Diamond Member

Patong2021

Advanced Member
17 hours ago, nauseus said:

Yes, that's why I used the word 'value'. The reserve description indicates a mix of bullion and currency, that's what is misleading in this (Israel) case.

There is nothing misleading. You thought you had a gotchya moment, and did not.

nauseus Star Member

nauseus

Advanced Member
2 hours ago, Patong2021 said:

There is nothing misleading. You thought you had a gotchya moment, and did not.

Looking back at your posts, they are quite insulting to me, personally.

You interpret what you like, how you like. I don't care.

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