Done in secret and by boat: 122 Tonnes of Gold repatriated by the Dutch central bank

Amsterdam - Canal at dusk, Author Jorge Láscar / wikimedia *

Amsterdam – Canal at dusk, Author Jorge Láscar / wikimedia *

”This is devastating news to our bankers.  Remember that for every ounce of gold, we have 100 oz of paper obligations written on it.  Thus a removal of 122 tonnes causes a derivative mess of 12200 tonnes of gold.”Harvey Organ (1)

”The impact of the Dutch gold repatriation can be huge. First of all, because it underlines more and more countries are getting nervous about their gold reserves stored in the US.” – Koos Jansen (2)

”I think this also explains the 33 tonnes of gold that the U.S. military airlifted out of Ukraine…” (3)

***

The Netherlands Has Repatriated 122.5t Gold From US

by Koos Jansen
bullionstar.com
November 21, 2014

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 a press 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.

The Netherlands Official Gold Reserves Allocation

Source: the WGC, DNB

   Read the complete article HERE.

Selected video:

$18,000 Gold & U.S. Becomes Third World | Jim Willie

References:

1. http://harveyorganblog.com/2014/11/20/nov-21-gldslv-remain-constanthuge-story-the-dutch-repatriate-122-5-tonnes-of-gold-to-amsterdamgold-and-silver-rise/
2. https://www.bullionstar.com/blog/koos-jansen/the-netherlands-has-repatriated-122-5t-gold-from-us/
3. http://investmentresearchdynamics.com/was-gld-gold-moved-to-the-dutch-central-bank/

 * The publishing of this image does not imply that the author endorse this article.

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