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Dutch central bank moves 86 tonnes of gold from US citing 'geopolitical unrest'

https://www.theguardian.com/world/2026/sep/03/netherlands-gold-dutch-central-bank-uk-us-and-canada-geopolitical-unrest
30•Jimmc414•1h ago

Comments

matheusmoreira•59m ago
It's honestly quite impressive that it took them this long to do this.
eqvinox•54m ago
These systems AIUI have huge amounts of inertia, by design.
chvid•53m ago
You can also ask why they move it to London and not mainland Europe.
MiroslavPokorny•24m ago
England has not been invaded in nearly 1000 years.
anotherhue•50m ago
> The operation took place between March and August of this year, it said.
riffraff•49m ago
Italy is the third country with the largest gold reserves since the 50s or so, and most of their gold is in the US.

The idea of repatriating it comes up from time to time, but the truth is that it's s logistical and diplomatic trouble with little positive outcomes.

grebc•40m ago
I don't think the US is a serious position to argue diplomatic issues atm.

I'd vote for it if I was Italian.

tristanj•51m ago
The American Service-Members' Protection Act of 2002, also known as the "Hague Invasion Act", gives the President of the U.S. legal authority to invade the Netherlands to free detained U.S. service members imprisoned by the International Criminal Court.

https://en.wikipedia.org/wiki/American_Service-Members%27_Pr...

leoh•27m ago
I feel dumb but how is this related?
SanjayMehta•7m ago
I think it's an oblique threat. Just recently Trump made a direct threat on the bond markets.

https://www.mediaite.com/media/tv/trump-suggests-he-can-use-...

applfanboysbgon•49m ago
When you think about it, it's really quite a remarkable state of affairs for a nation to trust another nation so implicitly they give it physical control of (a non-trivial portion of) their treasury, in a sense. And now that is coming unravelled. Another marker of human civilization's slow deteroriation. I remember a time when I thought things would only keep getting better and better with advances in technology and information sharing.... how naive I was.
bspammer•43m ago
They’re not moving it to the Netherlands. There’s still plenty of countries that the Dutch trust, but the US no longer seems to be on that list.
mullingitover•21m ago
They still keep gold with the New York Fed, this was just a rebalance:

> Before the deployment, the Dutch bank held 31.3% of its gold in New York and 19.7% in Ottawa.

> After the move, each country accounted for 18.5% of the Dutch gold reserve.

powcontech•15m ago
What building in Ottawa has 15 billion dollars of Dutch gold in it ?
wanderingpixel•19m ago
not human civilization, just the United States.
c23gooey•19m ago
jurmous•17m ago
Location Before After Change

New York 31.3% 18.5% −12.8 pp

Ottawa 19.7% 18.5% −1.2 pp

London 18.1% 32.1% +14.0 pp

Zeist 30.8% 30.8% 0 pp

Seems it is mostly because there was less trust in the USA, and added a little bit from Canada to make it less obvious.

0xy•15m ago
Omitting Canada from the title feels deliberate.
RandomWorker•12m ago
On the grand scheme of things this is 12bil usd worth of gold. The GDP of Netherlands is 1.4 trillion USD. So, this is honestly a foot note.
SanjayMehta•9m ago
GDP is just a number in a spreadsheet. This is a physical asset.
teleforce•11m ago
Earlier this year France has pull out their last remaining gold held in US amounting to 129 tonnes moved to Paris [1].

[1] France pulls last gold held in US (361 comments):

https://news.ycombinator.com/item?id=47658146

inventor7777•9m ago
Why did you modify the title to not include Canada?

According to the HN guidelines:

"Otherwise please use the original title, unless it is misleading or linkbait; don't editorialize."

all of human civilisation =/= the USA
applfanboysbgon•10m ago
I didn't say it was. Do you believe that there's an upwards trend in global geopolitical stability, or even simply general well-being? If you do, we certainly don't share that opinion.

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Dutch central bank moves 86 tonnes of gold from US citing 'geopolitical unrest'

https://www.theguardian.com/world/2026/sep/03/netherlands-gold-dutch-central-bank-uk-us-and-canad...
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