The Dutch central bank (DNB) said on Wednesday it had moved 86 tonnes of its gold stock out of the United States and Canada to London, citing "increasing geopolitical unrest."
The DNB said gold reserves held in London could be traded more easily than those held in New York and Ottawa.
After the move, both countries account for 18.5 percent of the Dutch gold reserve.
The share of gold held in London increased from 18.1 percent to 32.1 percent. The bank still holds 30.8% of its gold in the Netherlands.
Interesting thought experiment, what percentage of gold do you hold locally vs other countries.
86 tonnes of gold ≈ $12B ≈ 155K BTC
Why don't countries just hold all their gold themselves? I'm sure the dutch govt is capable of building a secure storage facility.
I am guessing because of this:
When they tried this under the gold standard, all the bankers flew to The Hague to argue that this was a bad move.
FWIW, France did the same recently: #1468220