The Dutch National Bank (DNB) has secretly repatriated 122.5 tonnes of gold from the Federal Reserve Bank in New York. The gold was repatriated by ship in secret operation.

Previously it was thought 11% of Hollands 612.5 tonnes of gold were vaulted in Holland, 51% in the U.S., 10% in Canada and remaining 18% in the United Kingdom. If the press release is correct 31% will now be stored in Holland, 31% in New York and percentages for Canada and Holland remain unchanged.

The consequences of this repatriation are massive as it confirms a number of countries are nervous about holding their gold reserves in America.

At current prices Hollands 612.5 tonnes are worth 19 billion Euros.