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- Hacker News
- Hedging against US risk is definitely sensible right nowby Havoc
- https://www.kitco.com/news/article/2025-02-11/unseen-forces-...
A year ago the opposite was being reported on. No clue of the relative numbers, but its telling none of the stories about this are providing the long-term data.
- This shows how much trust in the US has declined due to Trump. Netherlands is not the only or first country to do this, other countries have started this too.by jmclnx
- Another interesting aspect to this story is the flow of value from US Treasuries to gold.
0. https://www.investing.com/analysis/why-central-banks-are-bri...Total gold held by central banks globally was valued at approximately $4tr at the start of 2026, surpassing, for the first time, the roughly $3.9tr in US Treasuries held by the same institutions. This marked a reordering of reserve asset preferences with significant long-term implications. [0]by adolph - Considering the Netherlands’ strategic ties with the US, this sounds like quite a bold move. France doing so was one thing, but the Dutchs have always been rather Atlanticists.by roromainmain
- Location Before After Change
New York 31.3% 18.5% −12.8 pp
Ottawa 19.7% 18.5% −1.2 pp
London 18.1% 32.1% +14.0 pp
Zeist 30.8% 30.8% 0 pp
Seems it is mostly because there was less trust in the USA, and added a little bit from Canada to make it less obvious.
by jurmous - > “A more equal spread of the gold supply between North America, the United Kingdom, and the U.S. also helps to spread the risk.”
They’re not exiting all the gold held in North America; instead they’re rebalancing so that for more resilience against a backdrop of increased geopolitical risk.
by andsoitis - Fun fact, France did exactly the same earlier this year (though the trend has been there for decades).by nfrankel