Daily Market Update

Dutch Central Bank: Gold Bars ‘Always Retain Their Value, Crisis Or No Crisis’


“Gold is the perfect piggy bank – it’s the anchor of trust for the financial system” says the Central Bank of the Netherlands

“If the system collapses, the gold stock can serve as a basis to build it up again” astutely and prudently observes the Dutch Central Bank

◆ The Dutch people “hold more than 600 tonnes of gold. A bar of gold always retains its value, crisis or no crisis”

“Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security” – according to De Nederlandsche Bank (DNB) in a paper entitled ‘DNB’s Gold Stock’

◆ If only the Central Bank of Ireland, the Bank of England and other central banks were as prudent and far sighted as the Dutch Central Bank as financial contagion is coming and we all need to prepare (listen to just released GoldCore podcast here)

The recently published ‘DNB’s Gold Stock’ paper can be accessed here


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Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)

14-Oct-19 1494.20 1490.60, 1188.79 1182.94 & 1354.04 1352.12
11-Oct-19 1498.35 1479.15, 1197.93 1166.01 & 1359.90 1338.33
10-Oct-19 1508.20 1494.80, 1232.35 1222.75 & 1368.69 1356.38
09-Oct-19 1503.40 1507.25, 1228.43 1232.93 & 1369.00 1372.65
08-Oct-19 1500.00 1505.85, 1225.50 1233.14 & 1365.30 1372.28
07-Oct-19 1502.15 1501.25, 1221.40 1218.11 & 1369.36 1365.54
04-Oct-19 1509.50 1499.15, 1223.75 1220.01 & 1374.70 1366.78
03-Oct-19 1504.00 1517.10, 1221.70 1223.84 & 1372.25 1380.26
02-Oct-19 1484.05 1492.60, 1213.21 1215.13 & 1359.84 1364.68




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Mark O'Byrne
Executive Director

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