Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed
By GCRU Gold News on Saturday, November 22 2014, 02:08 - Permalink
The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam.
In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.
"With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country," the bank said in a statement. "In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public."
In total, 120 tonnes of gold valued at €4bn has been brought back to the Netherlands by ship, Nos television said. The high security reparations for the move took months.