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Netherlands is ready to rebuild its financial system with gold
11:54a ET Wednesday, July 3, 2024
Dear Friend of GATA and Gold:
Our friend the Dutch gold researcher Jaco Schipper today calls attention to a May 15 report from the public broadcasting service in the Netherlands, NOS, about the government's new fortress gold vault in the town of Zeist:
https://nos.nl/artikel/2475275-hoe-verplaats-je-in-het-geheim-15-miljard-aan-goudstaven-en-geld
At the conclusion of the report an official of the Dutch central bank, Coen Voormeulen, makes a remark that is reminiscent of Dutch gold researcher Jan Nieuwenhuijs' reporting about the "gold revaluation accounts" maintained by some central banks:
https://www.gainesvillecoins.com/blog/dutch-central-bank-says-gold-revaluation-is-solvency-backstop
Voormeulen says of the Netherlands' 14,000 gold bars, estimated to be worth 15 billion euros: "The gold is the ultimate reserve if the entire financial system were to get into trouble and nothing would be of value anymore. Then the gold is still worth a lot of money. We can start over with that."
Starting over with gold does seem to be increasingly under discussion in official circles around the world.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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