The Dutch have substantial gold reserves. Their reserves are bigger than those of the United Kingdom, Belgium, Portugal, Spain and Canada. According to recent data, the Dutch have 612 tons. Today, the Dutch central bank (De Nederlandsche Bank) published astonishing news. No less than 20% of the Dutch gold reserves were shipped secretly from the vaults of the New York Fed to the vault at Frederiksp... »
Why the Netherlands Repatriated 4 Billions of Gold
November 24 2014
Olav Dirkmaat
Which 3 Central Banks Bought Gold This Quarter?
November 18 2014
Last week, the World Gold Council (WGC) published the latest quarterly figures concerning the gold market. What caught our attention? Putin is increasing Russian gold reserves; last quarter the Bank of Russia purchased 55 tons of gold (according to my calculations, a 10 percent increase). It thus seems that Russia wants to profit from the recent lows in gold prices.... »
Olav Dirkmaat
A Few Words of Optimism for Gold Investors
November 10 2014
Earlier this year, I warned that gold prices would drop, when I wrote that the rise in gold prices did not indicate the end of the correction, and that we might see a move back to its recent bottom, or possibly an even lower bottom. As of this moment, gold is trading at €925 per troy ounce, well... »
Olav Dirkmaat
What the World's Most Famous Central Banker Said about Gold
November 4 2014
Precious metals were hit hard this week. In dollar terms, silver was down 5% and gold dropped below a price of 1.200 dollar per troy ounce. Today, the prices of gold and silver continued to decline. What is causing this decline? Last week, the Fed’s Open Market Committee (OMC) announced to fully phase out QE3. Precious metals dropped in price, while the dollar strongly appreciated. Theref... »
Olav Dirkmaat
