Netherlands has taken out 86 tonnes of gold kept in America and Canada and sent it to London. The Dutch Central Bank (DNB) said the transfer took place over several months between March and August. Now this gold is kept in the Bank of England. According to DNB, in case of crisis, gold kept in London can be bought and sold more easily. Before this transfer, 31.3% of DNB’s total gold was kept in New York and 19.7% in Ottawa. Now this share has come down to 18.5% at both the places. At the same time, the share of gold kept in London has increased from 18.1% to 32.1%. 30.8% of the gold is still held in the Netherlands. 27 tonnes of gold brought to Netherlands from New York-Ottawa According to DNB, 27 tonnes of gold bars were transported from New York and Ottawa to Geist in the Netherlands. After this, gold of the same quantity and quality was sent to London. There was no need to melt the gold bars. However, the bank did not provide information on how such a large amount of gold was transported across the Atlantic Ocean. DNB said that the rest of the transfer was done in a different way. Gold was sold in New York and the same amount of gold was bought again in London. According to the bank, combining the buying and selling of gold and physical transfer helped in sharing the risk associated with such a large and complex process. In crisis, London’s gold can be used quickly. According to DNB, the gold kept in the Bank of England is considered to be the most easily traded gold in the world. Therefore, in times of crisis, it can be sold or bought more easily than gold kept in America or Canada. DNB has cited “increasing geopolitical tensions” behind the decision. However, the bank did not clarify about which incidents it was saying this. Trade dispute continues between America and Canada. This decision has come at a time when trade dispute is going on between America and Canada. After talks between the two countries failed, new tariffs have been imposed on each other’s goods. Canada’s key sectors such as steel, aluminium, lumber and automobiles have been affected by US tariffs. In August, the US had announced the imposition of an additional 50% tariff on Canadian goods worth about 28 billion Canadian dollars, or $20 billion. Netherlands had a total of 612.4 tonnes of gold. According to DNB, the Netherlands had a total of 612.4 tonnes of gold at the end of 2025. Its price was about 72.2 billion euros. The bank said that the purpose of keeping the gold at different places is to distribute the risk and maintain easy access to gold in times of crisis. London’s gold market is the largest. Laurent Schwartz, President of France’s National Gold Counter, said that central banks have been shifting their gold reserves to different places for almost a decade. He said that due to the current political environment of America, some central banks may choose other places to keep gold. According to Schwartz, London’s gold market is the largest and most liquid market in the world. That means gold can be easily bought and sold here. Therefore, in times of crisis, gold kept in London can be used quickly. Here the Central Bank can easily lend its gold to other banking institutions. ——————– Also read this news… Russia-Ukraine attacked 300 ships in the Black Sea: Danger of wheat-maize becoming expensive in the world; Russia’s grain exports decreased by 71%. The Black Sea has now become a major battle front in the Russia-Ukraine war. In the last one and a half month, both the countries have targeted more than 300 ships. These include ships carrying grain, oil tankers and other cargo vessels. The Black Sea’s maritime trade has been affected by frequent attacks. Read the full news here…
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नीदरलैंड्स ने अमेरिका-कनाडा से 86 टन सोना हटाकर लंदन भेजा: बैंक ऑफ इंग्लैड में रखा, कहा- संकट आने पर यहां आसानी से बेच सकेंगे
