Commentary on the economic , geopolitical and simply fascinating things going on. Served occasionally with a side of snark.
Friday, November 21, 2014
Netherlands Gold Bombshell ( November 21 , 2014 ) - Netherlands very quietly repatriates 122.5 tons of gold from the New York in a month ! Not just pulling their gold back before the Swiss Gold Initiative Vote on November 30 , 2014 , but how can they do what Germany can't do regarding their gold ?
The Netherlands Has Repatriated 122.5t Gold From US
The Dutch central bank, De Nederlandsche Bank (DNB), has repatriated in utmost secret 122.5 tonnes of gold from the Federal Reserve Bank of New York (FRBNY) to its vaults in Amsterdam, The Netherlands, according to apress release from DNB published today (November 21).
DNB states it has changed allocation policy from 11 % in Amsterdam, 51 % at the FRBNY, 20 % in Canada and 18 % at the Bank Of England (BOE); to 31 % in Amsterdam, 31 % at the FRBNY, 20 % in Canada and 18 % at the BOE. According to the World Gold Council’s latest data DNB has 612.5 tonnes in official gold reserves.