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Brendinoootoday at 11:26 AM3 repliesview on HN

Data from a chart in the article:

  Share of gold before relocation:

    New York: 31.33%
    Zeist: 30.83%
    Ottawa: 19.72%
    London: 18.12%

  Share of gold after relocation

    New York: 18.52%
    Zeist: 30.83%
    Ottawa: 18.52%
    London: 32.13%
In other words, if you read the headline and thought the Netherlands was just pulling gold out of the US and it was pulling ALL of its gold out, you're not seeing the whole story.

And if you read the whole article, you'll see that all of the anti-Trump framing comes from "experts", not from the actual people moving the gold.

If you'd like to read the actual statement from the Dutch National Bank, it's here:

https://www.dnb.nl/en/general-news/press-release-2026/dnb-im...


Replies

hedoratoday at 2:10 PM

You need to read 2.5 sentences into your link to see that it matches the headline of this thread:

De Nederlandsche Bank (DNB) has improved the tradability of its gold reserves by transferring part of the gold holdings from New York and Ottawa to London. This ensures that DNB is better prepared for severe crises.

In view of increasing geopolitical unrest, DNB is strengthening…

show 1 reply
superb_devtoday at 11:55 AM

Of course the bank is not going to make a political statement, they have more important business to do. The article makes it pretty clear right at the top that the bank’s statement doesn’t mention Trump:

> Experts say that rhetoric appears inherently related to the abrasiveness of the Trump administration towards traditional allies.

Also, the “experts” are just right here. Are you gonna say that Trump hasn’t been throwing our allies under the bus?

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KaiserProtoday at 3:53 PM

I mean yes, but also there are some rumours about the new york gold vaults themselves.

There is a persistent rumour that there is a physical link between jpmorgan and comex. My understanding is that there is no real way to audit whats in there (unlike the BoE where they have tour guides that show you the gold)