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Parliamentary questions about the gold stock

Holland Gold
Holland Gold
30 Apr. 2015

The discussion regularly flares up again as to whether the gold owned by the Dutch Central Bank actually exists physically. More than half of the gold reserves of the Dutch Central Bank are stored at the American Federal Reserve in New York. In addition, almost 20% of the Canadian Central Bank is in London. Only 11% of the gold stock in the Netherlands is held by the Dutch Central Bank in Amsterdam, according to Finance Minister Jeroen Dijsselbloem.

CDA MP Eddy van Hijum has asked parliamentary questions about this in response to the reports that Germany is having it checked whether their gold reserves abroad are actually physically present.
Minister Dijsselbloem does not consider it necessary to carry out such a check for the Dutch gold stocks. He states that the gold lies with the Central Banks with an 'excellent track record' and that the Dutch Central Bank receives an annual verification from the accounting services of the Central Banks. 
The reason that the gold is spread over four locations is defended by the fact that it increases security and availability and that it is convenient to .

In Germany, the Court of Auditors has ordered an audit of the gold stocks. Like the Netherlands, Germany also has its gold reserves spread over various locations, with just under half being held by the Federal Reserve in New York. Criticism was voiced because for years there has been reliance on paper statements that the gold is present, without this being checked by Germany itself. At the moment, the German Central Bank will bring 150 tons of gold from New York back to Frankfurt. Here, the bars will be counted, weighed and checked for authenticity by way of sample.

For years, the physical presence of the gold stock has been questioned by critics. There have even been reports from China that there were doubts about the Authenticity of the gold bars in America.

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