Dutch central bank moves share of gold from U.S., Canada to London
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Dutch central bank moved €10 billion in gold from US and Canada to London due to geopolitical instability.
The Nederlandsche Bank (DNB) relocated over 27 tonnes of gold from North America to Zeist, Netherlands, between March and August 2026, and sold 59 tonnes from New York to purchase equivalent gold in London, resulting in 196,600 kg stored in London (32% of reserves) and 113,300 kg each remaining in New York and Ottawa (18.5% each). The DNB cited increasing geopolitical instability and the need to improve crisis readiness, noting gold at the Bank of England is more easily tradable in a crisis. The US has been involved in conflicts with Iran, Canada, Cuba, and military operations in Venezuela.
What commenters are saying
Commenters broadly attribute the loss of trust in the US to Donald Trump, with some arguing the damage will persist beyond his term. One commenter highlights Trump's phone call to FIFA during the World Cup as a pivotal moment for Europeans, signaling blatant corruption for negligible gain. Others push back, noting that trust began eroding earlier (e.g., Obama-era surveillance) and that voters and the system share responsibility. A minority argues economic ties with the US will remain strong regardless of political tensions.