Dutch Bank Director Endorses Gold for Potential Financial Crisis

Aerdt Houben, Director of Financial Markets at the Dutch Central Bank, discussed the bank’s gold holdings, now at 612 tonnes worth 35 billion euros, as a financial safety net. This gold, representing 4% of the Netherlands’ GDP, is stored across various global locations. Houben views this amount as sufficient for economic stability, highlighting gold’s value and liquidity. The move reflects a broader trend among European banks, suggesting a cautious stance towards the euro and possibly hinting at a return to a gold standard. Meanwhile, China has also been increasing its gold reserves, now exceeding 2,113 tonnes.

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