Last week, the Dutch central bank moved gold reserves from New York to London. The value reaches billions of dollars. This is far from unusual right now; other European central banks are taking their bullion out of North America. The primary reason stated is crisis preparedness due to increasing international friction. The trend points to a broader global asset re-allocation. Some market observers tie it to potential issues with the U.S. dollar system.
Sources & References
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Ripple CEO Slams $11 Billion Gold Move: Can Crypto Do Better? - BeInCrypto
Ripple CEO Slams $11 Billion Gold Move: Can Crypto Do Better? BeInCrypto
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Dollar system faces crisis of confidence as global asset re-allocation accelerates 'de-dollarization' - news.cgtn.com
Dollar system faces crisis of confidence as global asset re-allocation accelerates 'de-dollarization' news.cgtn.com