The Netherlands moves 86 tonnes of gold to London!

The Dutch central bank, DNB, has moved 86 tonnes of gold from New York to London. The reason: rising geopolitical tensions and the desire to make the Dutch gold reserves easier to deploy during a crisis. Two observations. Why London? According to DNB, gold held at the Bank of England is easier to trade. London is the world’s most important trading hub for physical gold and, during a crisis, DNB can quickly deploy the gold, for example to rais — via @jsblokland

Geopolitical gold shift signals crisis hedging, triggering systemic risk alerts.