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Dutch Central Bank Moves Gold Reserves to London
3 Sep
Summary
- Dutch central bank relocated 86 tonnes of gold to London from US and Canada.
- The move enhances rapid deployment capabilities during crisis situations.
- London offers deeper, more liquid market for easier gold trading.
De Nederlandsche Bank (DNB), the Dutch central bank, has executed a significant transfer of 86 tonnes of its gold reserves, moving them from storage in the US and Canada to London. This decision was prompted by increasing geopolitical instability, with the bank prioritizing enhanced resilience and preparedness.
The primary reason for the relocation to London is its superior market liquidity, which the DNB states allows for more facile trading and deployment of gold assets. This is particularly crucial for responding rapidly during unforeseen crisis scenarios.
The operation, which spanned from March to August of this year, involved both physical gold transfers and a combination of buying and selling activities to mitigate risks. The Dutch gold stock, valued at €72.2 billion as of the end of 2025, saw its London holdings increase substantially, while US and Canadian proportions decreased.
Experts note that central banks have been diversifying their gold storage locations for approximately a decade, with geopolitical contexts influencing these decisions. London's market depth is considered ideal for central banks seeking immediate availability and the ability to lend gold to other financial institutions.
