{"id":66187,"date":"2023-11-20T07:14:43","date_gmt":"2023-11-20T12:14:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66187"},"modified":"2023-11-20T07:14:43","modified_gmt":"2023-11-20T12:14:43","slug":"dutch-central-bank-admits-it-has-prepared-for-a-new-gold-standard","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66187","title":{"rendered":"Dutch Central Bank Admits It Has Prepared for a New Gold Standard"},"content":{"rendered":"<h3><a href=\"https:\/\/www.gainesvillecoins.com\/blog\/dutch-central-bank-admits-prepared-new-gold-standard\">Dutch Central Bank Admits It Has Prepared for a New Gold Standard<\/a><\/h3>\n<div class=\"ctn mt-3 row\">\n<div class=\"col-12 col-lg-7 blogArticle order-lg-1 p-lr-0 mt-4 mt-lg-0 article\">\n<p>In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the\u00a0<a href=\"https:\/\/www.gainesvillecoins.com\/charts\/gold-spot-price\">gold price<\/a>\u00a0will skyrocket, and official gold reserves can be used to underpin a new gold standard, according to DNB. These statements confirm what I have been writing for the past years about central banks having prepared for a new international gold standard.<\/p>\n<p>Wouldn\u2019t a central bank that has one primary objective\u2014maintaining price stability\u2014serve its mandate best by communicating the currency it issues can be relied upon in all circumstances? By saying gold will be the safe haven of choice during a financial collapse, DNB confesses its own currency (the euro) does not weather all storms. Indirectly, DNB encourages people to own gold to be protected from financial shocks, making the transition towards a gold based monetary system more likely.<\/p>\n<div class=\"aligncenter\"><a href=\"https:\/\/www.gainesvillecoins.com\/images\/blog\/2023\/11\/goud2-mariekebijsterdnb.jpeg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"lazy\" src=\"https:\/\/cdn-img.gainesvillecoins.com\/blog\/2023\/11\/goud2-mariekebijsterdnb.jpeg\" alt=\"photograph of gold bars on pallets at gold vault of Dutch National Bank\" data-src=\"https:\/\/cdn-img.gainesvillecoins.com\/blog\/2023\/11\/goud2-mariekebijsterdnb.jpeg\" \/><\/a><span style=\"font-size: small;\"><em>Old gold vault of DNB in Amsterdam.<\/em><\/span><\/p>\n<\/div>\n<p id=\"howtoprepareforagoldstandard\"><strong>How to Prepare for a Gold Standard<\/strong><\/p>\n<p>In my latest article on this subject\u2014\u201c<a href=\"https:\/\/www.gainesvillecoins.com\/blog\/europe-preparing-gold-standard-part-2\" target=\"_blank\" rel=\"noopener\">Europe Has Been Preparing a Global Gold Standard Since the 1970s. Part 2<\/a>\u201d\u2014I have demonstrated that central banks of medium and large economies in the eurozone have balanced their official gold reserves, proportionally to GDP, to prepare for a gold standard (\/gold price targeting system). My analysis was pieced together by scarce quotes from central banks and data of European gold and foreign exchange holdings. My conclusion was that several medium-size economies in Europe (the Netherlands, Belgium, Austria, and Portugal) sold large amounts of gold from the early 1990s to 2008 to come on par with France, Germany, and Italy. I wrote:<\/p>\n<p>\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dutch Central Bank Admits It Has Prepared for a New Gold Standard In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the\u00a0gold price\u00a0will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2971,32801,374,1183,27826,647],"class_list":["post-66187","post","type-post","status-publish","format-standard","hentry","category-economics","tag-dutch-central-bank","tag-gainsville-coins","tag-gold","tag-gold-standard","tag-jan-nieuwenhuijs","tag-precious-metals"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66187"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66187\/revisions"}],"predecessor-version":[{"id":66188,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66187\/revisions\/66188"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}