More than Half the Dutch Gold Is in New York
From NU (Now), Amsterdam Wednesday, December 12, 2012
http://www.nu.nl/economie/2981172/meer-dan-helft-nederlandse-goud-in-new...
THE HAGUE, Netherlands -- A little more than half of the gold of De Nederlandsche Bank is stored at the U.S. Federal Reserve in New York.
Furthermore, 20 percent is in the Canadian central bank in Ottawa, nearly 20 percent is located in London, and only 11 percent is at the DNB itself in Amsterdam.
That was said by Dutch Finance Minister Jeroen Dijsselbloem in response to parliamentary questions from Christian Democratic Appeal Member of Parliament Eddy Hijum.
Hijum inquired because of reports that Germany is making sure that its own gold bars held abroad are really physically on site.
Dijsselbloem does not believe that an audit of the Dutch gold is necessary because it is kept at central banks with an excellent track record and the DNB each year receives the audit services of the central banks where the bars are stored.
The Netherlands has its gold spread out over four locations for both safety and availability. The gold is convenient to the major financial centers like New York and London. The last gold sales by the DNB were four years ago.
