DNB’s gold stock
De Nederlandsche Bank (DNB) holds more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis. This creates a sense of security. A central bank's gold stock is therefore regarded as a symbol of solidity.
DNB holds more than 600 tonnes of gold. Part of it is stored at DNB's head office in Amsterdam, but most of it is stored in other countries: the United States, Canada and the United Kingdom.
DNB's gold vault stores 15,000 bars of gold, worth over EUR 6 billion and representing a third (31%) of DNB's total gold stock. Another third (31%) is located in New York. This gold is stored in the vaults of the Federal Reserve Bank, on Manhattan's granite rocks. A larger share of the gold used to be stored here, but DNB retrieved part of it in 2014. The remaining 38% is stored in the vaults of the Canadian and UK central banks in Ottawa and London.
Gold: anchor of trust
Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis. That is why central banks, including DNB, have traditionally held considerable amounts of gold. Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank's balance sheet and creates a sense of security.
From Amsterdam to Zeist
DNB's banknote operations and gold vaults will be relocated from Amsterdam to Zeist. A new Cash Centre is being built in Camp New Amsterdam, a Ministry of Defence site in Zeist. Read more.