Bank of England receives £9.1 BILLION in gold from US as experts raise security fears under Donald Trump
EJ Antoni warns Bank of England 'should have been worried' years ago' over exit of gold to US
TL;DR
- The Bank of England received over £9 billion in gold from the Netherlands' central bank.
- De Nederlandsche Bank (DNB) moved 86 tonnes of gold from North America to London between March and August.
- The move is intended to strengthen crisis preparedness amid increasing geopolitical unrest.
- London's liquid trading environment is considered advantageous for deploying gold reserves during crises.
- London's share of Dutch gold holdings increased from 18.1% to 32.1% following the transfer.
- The operation involved both financial transactions and physical bullion movement, including selling gold in New York and repurchasing it in London.
- The Dutch decision follows a similar move by the Bank of France, which relocated its bullion from New York to Paris.
- Recent geopolitical tensions have led many central banks to re-evaluate their gold storage arrangements.