Analysis Dutch Gold Repatriation: Why, How And When
By GCRU Gold News on Thursday, November 27 2014, 06:48 - Permalink
In the aftermath of the financial meltdown in 2008 central banks again realized the importance of gold as an anchor in the monetary system; European central banks stopped selling gold; Asian and South-American central banks increased official purchases, and central banks from all continents began to worry if storing gold abroad was wise when the global financial crisis evolved.
To illustrate this trend please read the next quote from Edmund Moy, former Director of the United States Mint (Fort Knox), published June 13, 2014:
Finally, more countries are repatriating their gold. For them, an audit is not enough. They would like their gold back. Azerbaijan, Ecuador, Iran, Libya, Mexico, Romania and Venezuela is a short list of countries that have requests into their custodians to transfer some or all their gold back to their countries.