// HACKER NEWS — CYBERSECURITY
Netherlands pulls gold out of the US for fears of 'geopolitical unrest'
The Netherlands has moved dozens of tonnes of its gold bullion reserves from the US and Canada. (AP: Mike Groll)
The central bank of the Netherlands has moved dozens of tonnes of its gold out of the United States and Canada.
The De Nederlandsche Bank (DNB) said in a statement the removal aimed to boost the country's "crisis preparedness" amid "increasing geopolitical unrest".
Experts say that rhetoric appears inherently related to the abrasiveness of the Trump administration towards traditional allies.
The DNB said the movement of gold out of North America was aimed to ensure the Netherlands's reserves were "more readily available for use in a crisis".
Between March and August this year, 86 tonnes of a total 313 tonnes of gold held in the US and Canada were moved to the Bank of England in central London.
The De Nederlandsche Bank says it chose to move the gold in a bid to boost its "crisis preparedness". (AP: Peter Dejong)
"Gold that is held with the Bank of England must meet modern international trade standards and is regarded as the world's most easily tradable gold," the DNB statement said.
"[It] will therefore be the most readily available for DNB in a crisis situation.
"The gold reserves held in New York and Ottawa cannot be utilised as quickly and directly in such a situation."