Thanks to Henry Moore and BBC News Online for the Headline.
The DNB (Dutch National Bank)has been buying and selling it’s gold stakes which have now been moved to London from North America for ‘geopoltical reasons’.
Anyone who knows the history of Dutch Traders know that they have shown themselves historically to be a pretty canny lot.
So about a third of DNB’s gold will be more easy to trade if needed It’s now being held by The Bank of England and not exposed to the vagaries caused by the Trump/Carney altercation and the continuing uncertainty in the Middle East.
Still,interestingly, from a practical point of view 27 tonnes of physical gold bars were transported securely across the Atlantic and no one will say how. Puts the UK’s great Train Robbery into perspective doesn’t it?
Namaste and Thank You for Reading 🙏
thenotsomightyom 