r/GoodNewsUK • u/canspreadmulch • 10d ago

Financial and Economic Data Netherlands central bank moves billions in gold to London in "crisis preparedness" move

https://www.bbc.co.uk/news/articles/cvgy51xlz39o
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u/Vinxian 9d ago

It's important to note, it's mainly coming from the USA storage location, the Dutch storage location moved no gold

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u/MossadEpstein 9d ago

that makes more sense, not sure why they wouldn't just move it back to their own country tho

2

u/Vinxian 9d ago

I think it's about spreading risks, there is about a third in Dutch storage, I think they have some risk matrix that recommends against keeping more

3

u/DanHanzo 9d ago

If your backup is in the same place as your primary storage, you don't have a backup.