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The Dutch central bank announced Wednesday that it has moved billions of dollars’ worth of its gold reserves out of North America in a move it described as “crisis preparedness” in a time of global political unrest.
(Kitco News) – Against a backdrop of growing economic and geopolitical uncertainty, including rising trade tensions between Canada and the U.S., one European central bank is taking steps to improve the liquidity and accessibility of its gold reserves, moving some of its holdings from New York and Ottawa to London.
Bank says gold reserves held in London could be traded more easily and the move will allow it to respond more rapidly in a ‘crisis situation’
Details of the transaction were not disclosed, however, DuckDB is not included in the acquisition and will remain free and openthe company clarified
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