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More than half of Dutch gold is at NY Fed, finance minister says
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.
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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.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
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