De Nederlandsche Bank (DNB) has transferred approximately 86 tons of the Netherlands' gold reserves from the United States and Canada to vaults in London. ^[1] The Dutch central bank stated the relocation is intended to better prepare for potential crises due to increasing global tensions. ^[2] The transfer of 86 tons of gold is valued at approximately 10.3 billion euros. ^[3] The DNB cited growing geopolitical instability as the reason for relocating the gold reserves to London. ^[4] The DNB stated that its gold reserves are more easily negotiable in London than in New York or Ottawa. ^[5] Between March and August, approximately 86 metric tons of gold were transferred from New York and Ottawa to London, reducing the holdings in those cities from 31.3% and 19.7% respectively to 18.5% each. ^[6] Olaf Sleijpen, the bank's governor, stated in a written statement that the relocation improves the tradability of the gold reserves and strengthens resilience, though he expects they will never need to be used. ^[7] As a result of the transfer, the portion of gold stored in London reached approximately 32.1 percent of the Netherlands' total gold reserves, which amount to 612.4 tons. ^[8] The Dutch Central Bank explained the transfer through a press release, citing increased geopolitical tensions and a need to enhance reserve liquidity and crisis readiness. ^[9] The transfer operation involved selling approximately 59 tons of gold in New York and purchasing the same volume in London, while physically moving an additional 27 tons out of the US and Canada. ^[10] After this operation, approximately 32% of the Netherlands' gold reserves are located in London, 31% in The Hague, and roughly 18.5% each in New York and Ottawa. ^[11] Between March and August, over 27 tons of gold were physically transferred from North American vaults to the DNB's Cash Center in The Hague. ^[12]