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End of a dollar-centered world nears, gold to replace some bonds, fund manager says
We're in a very early part of a generational boom market in commodities, says Willem Middelkoop.
- Dollar-centered world nearing end, shifting to multipolar system
- Gold replacing some bonds held by banks, signaling major market shift
- Silver predicted to reach $500 in near future, with long-term target of $500
Netherlands moves billions in gold to London in ‘crisis preparedness’ move
The Dutch central bank (DNB) has confirmed that billions of dollars in gold has been taken out of north America and relocated to London, citing “increasing geopolitical unrest”.
- Netherlands transfers 86 tonnes of gold to London for crisis preparedness
- Gold moved from US and Canada to Bank of England between March and August
- Dutch gold holdings in London increase to 32.1% of total stock
