Gold stock can be used to rebuild if TSHTF (Dutch Central Bank)

pmbug

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I saw this posted at ZH. I didn't attach the same level of importance to it that ZH did, but I do find it curious. Someone at the DNB probably going to lose their job after letting this get published (emphasis is mine):
...
Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis. That is why central banks, including DNB, have traditionally held considerable amounts of gold. Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank's balance sheet and creates a sense of security.
...
https://www.dnb.nl/en/payments/goud/index.jsp
 

11C1P

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But how could that be? Don't they know metals like Gold & Silver are worthless? :paperbag:
 

rblong2us

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Yes I also saw this but on another website and when you read the words its a fairly neutral statement from DNB. Why wouldnt you offer a bit of worst case scenario ? -

https://www.dnb.nl/en/payments/goud/index.jsp#

and I cannot establish a date for it ..........


The ZH treatment of it is a fairly typical example of ZH's need for drama.
 

pmbug

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What surprised me the most upon reading it was that an editor of content for the website of a central bank apparently thought it OK to allow a comment hypothesizing the ultimate failure of the institution. I mean, it's supposed to be one of those elephants in the room that no one acknowledges.
 

rblong2us

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