15 billion in gold and cash moved to Zeist

The news can hardly have escaped your notice: Over the past four weeks, the Dutch Central Bank (DNB) has secretly moved 200,000 kilos of gold bars and gold coins from the DNB vault in Haarlem to the new DNB Cash Centre in Zeist. This week was the last transport of the total 10.4 billion in gold reserves.  
 
In addition, a strategic stash of banknotes, worth 4.5 billion, was transported from Haarlem to Zeist. The Royal Marachaussee provided security for the gold and cash transports. 
 

Moving gold reserves and banknotes

The Nederlandsche Bank holds over 600 tonnes of gold. This gold is mainly held as a reserve and has traditionally been a trust anchor. For many years, the gold reserves and banknotes were under the headquarters of De Nederlandsche Bank, right in the centre of Amsterdam.  
 
In October 2020, the reserves were moved to the former Joh. Enschedé money printing office in Haarlem, due to a renovation at DNB headquarters. Even then, the plan was to eventually house the gold reserves and banknotes in a newly built Cash Centre at the Camp New Amsterdam defence site in Zeist. 
 

Gold stock The Dutch Central Bank

The 200 tonnes of gold in Zeist amount to 31 per cent of De Nederlandsche Bank's total gold reserves. Another 31 per cent is in vaults at the Federal Reserve in New York (the US central bank) and the remaining 38 per cent is in London (the UK central bank) and the Canadian capital Ottawa (the Canadian central bank).
 
Disclaimer: The Silver Mountain does not provide investment advice and therefore this article should not be considered as such. Past results do not guarantee future results.