France has basically all of its gold reserves in Paris, since Charles de Gaulle moved them there. Germany has 37% of its gold reserves in the US and there is talk about bringing them back. Italy is at 43% and there seems to be basically nothing, but some discussion in some newspapers.
One thing which is really important here is that the Dutch just sold their gold in New York and at the same time bough gold in London. They did not ship it at all. For Germany and Italy that is not an option, as the gold reserves in the US are so massive, that it would destroy the market. Both combined have about 1% of the gold in the world sitting in the US. Obviously a lot less is physically traded.
EDIT: Also this has to be done fairly quickly. As to not spook the market and piss of Trump.
Germany has about 37% of its gold in the US, for the NL this was previously 31.3% (and now 18.5%)
So the amount of Gold that was moved by the NL is still significant.
Edit: Accidentally said quarter the size of Germany and a third the size of Italy. This is incorrect.
France has basically all of its gold reserves in Paris, since Charles de Gaulle moved them there. Germany has 37% of its gold reserves in the US and there is talk about bringing them back. Italy is at 43% and there seems to be basically nothing, but some discussion in some newspapers.
https://www.ft.com/content/e39390cc-ea02-4197-843a-1e4c242422cc?syn-25a6b1a6=1
One thing which is really important here is that the Dutch just sold their gold in New York and at the same time bough gold in London. They did not ship it at all. For Germany and Italy that is not an option, as the gold reserves in the US are so massive, that it would destroy the market. Both combined have about 1% of the gold in the world sitting in the US. Obviously a lot less is physically traded.
EDIT: Also this has to be done fairly quickly. As to not spook the market and piss of Trump.
The Dutch gold reserve is nothing to sneeze at. It’s a fifth the size of Germany’s gold reserve, and a quarter the size of Italy’s
Source: https://statbase.org/datasets/finance/gold-reserves/
Germany has about 37% of its gold in the US, for the NL this was previously 31.3% (and now 18.5%)
So the amount of Gold that was moved by the NL is still significant.
Edit: Accidentally said quarter the size of Germany and a third the size of Italy. This is incorrect.