Dutch central bank reduces New York gold allocation for crisis preparedness
DNB reallocates part of its North American holdings to London, retaining gold in both New York and Ottawa.
Entities and roles
- Donald J. TrumpU.S. president during the 2026 reserve relocation
Claims and evidence
- factdocumented
DNB said the relocation largely used sales of approximately 59 tonnes in New York and purchases in London; more than 27 tonnes were physically moved via Zeist. It was neither a withdrawal of all Dutch gold from the United States nor entirely a physical shipment to London.
- De Nederlandsche Bank: DNB improves tradability of gold reservesParagraph following storage table: sales, purchases and physical transfers via Zeist
- factdocumented
DNB announced on September 2, 2026 that approximately 86 tonnes were reallocated from its combined New York and Ottawa holdings to London between March and August. It cited liquidity, risk diversification and geopolitical unrest. New York's share fell from 31.3% to 18.5%; Ottawa also retained 18.5%.
- De Nederlandsche Bank: DNB improves tradability of gold reservesOpening paragraphs and before/after storage-location table
- factdocumented
In a March 21, 2026 interview, Bundesbank board member Burkhard Balz said roughly 37% of Germany's gold remained in New York and that he saw no indication those reserves were unsafe, while acknowledging political pressure on the Federal Reserve.
- Deutsche Bundesbank: Die Goldreserven sind sicher: Interview mit der Welt am SonntagGold-storage questions: 37 percent New York; question about White House pressure on the Fed
- factdocumented
Germany's separate storage plan, announced in 2013, moved 300 tonnes from New York by 2016 and 374 tonnes from Paris by 2017. The Bundesbank's August 2017 completion notice still listed 36.6% of its gold in New York. These New York transfers preceded Trump's first presidency.
- Deutsche Bundesbank: Bundesbank completes gold transfers ahead of schedule2013 plan; transfer table through 2017; remaining-location table
Measurements
Dutch gold held in New York after relocation18.5% - Basis
- Observed
- Population
- DNB gold reserve storage locations
- Period
- 2026-09-02 to 2026-09-02
- As of
- 2026-09-02
- Method
- Read DNB's post-relocation location table.
- Uncertainty
- Storage location is not currency composition or an attribution of motive to a U.S. official.