List of Countries That Have Pulled Gold From US Federal Reserve

The Netherlands has recently removed 86 tons of its gold reserves from the United States, moving them to London. This decision was made due to growing geopolitical instability, and the Dutch Central Bank (DNB) stated that this move allows for quicker deployment in a crisis situation. Before the transfer, the DNB held 31.3% of its gold reserves in New York and 19.7% in Canada.

Now, these locations hold 18.5% each, while London's share has increased to 32.1%. The remaining 30.8% of the DNB's gold is still stored in the Netherlands.

This is not the first time a European country has taken gold out of the US Federal Reserve. In January, France did the same, selling 129 tons of gold held in the Federal Reserve Bank of New York. With the proceeds from this sale, the Banque de France purchased an equivalent amount of new gold in Europe and stored it in Paris. France now holds around 2,437 tons of gold in total.

Germany's Bundesbank also moved 300 tons of its gold from New York to Frankfurt in 2017, as part of a plan to keep more of the country's reserves in German vaults.

In 2022, Italy resisted pressure to repatriate its gold reserves, holding around $245 billion worth of gold in the Federal Reserve Bank of New York's vaults. The United States holds the largest gold reserves at 8,133 tons, followed by Germany (3,352 tons) and Italy (2,452 tons). Venezuela, under President Hugo Chavez, repatriated about 160 tons of its gold from foreign banks, including the US and Europe, back to Venezuela in 2012.