Overall, the Netherlands holds 612.4 tonnes of gold, a stockpile that was worth around €72.2 billion by the close of last year.

With this latest transfer, London now holds about 32 percent of that total, while another 31 percent sits closer to home in Zeist, where the bank has been building up reserves after pulling gold out of Amsterdam. New York and Ottawa each still account for roughly 18.5 percent of the remaining supply.



How the Transfer Happened
Between March and August, the DNB physically moved more than 27 tonnes of gold from its North American vaults straight to its cash centre in Zeist, located in the Utrecht region. On top of that, another 59 tonnes that had been sitting in New York was sold off entirely, with an equal amount then bought back in London instead. To keep the overall geographic balance intact without adding extra gold to Dutch soil, the bank also sent 27 tonnes from Zeist over to London.



Explaining the reasoning, the DNB said that mounting geopolitical uncertainty has pushed it to sharpen its crisis preparedness, and part of that effort involves making sure Dutch-owned gold can be traded and converted into cash as fast as possible if things take a turn for the worse. According to the bank, London's gold market is widely seen as the most liquid in the world, which is exactly why it's now the preferred spot for reserves that may need to move quickly in an emergency.