The going financial crisis in Europe and endless QE programs around the globe has prompted a number of European countries to consider repatriating their gold. This week the Dutch successfully repatriated 122.5 tonnes from the New York Fed and populist movements in France, Germany and Switzerland are demanding their gold is returned home.

This week the Dutch National Bank (DNB) caught the market by surprise and announced they have successfully repatriated $5 billion worth of gold from New York. The Banks motive was to boost the public’s confidence in the DNB.

Meanwhile the Swiss public will vote on Sunday weather to repatriate their overseas gold and French opposition leader Le Pen has formally requested the French national bank repatriate all their overseas gold.

Germany tried and failed to repatriate their overseas gold and the question has to be asked why the Dutch got their gold back and the Germany did not.