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

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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.
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By selling and immediately buying back some of its gold reserves, the central bank of Curaçao and Saint Martin managed to use its gold revaluation account to offset losses in 2021. Because many other monetary authorities are currently making losses too—and there is no limit to revaluing gold against fiat money—this trick could be used the world over to heal central banks’ balance sheets.
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A gold revaluation account (GRA) is an accounting item that records unrealized gains (or losses) of gold assets. When the price of gold rises, as it inevitably does in the long run, gold assets increase in value and concurrently the GRA swells. As a formula:

GRA = present gold market value – gold purchasing cost

The GRA is usually part of a central bank’s equity (net worth), while it’s not part of its capital (a narrower definition of equity)*. By their own rules, central banks can’t use their GRAs to cover general losses.
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Late in 2022 the Dutch central bank (DNB) revealed it was suffering losses due to rising interest rates after consecutive years of Quantitative Easing (QE). During QE it bought domestic government bonds that yielded close to nothing with newly created reserves. When the European Central Bank instructed DNB to raise interest rates to combat inflation, its interest expenditures on reserve liabilities exceeded interest income from its assets, which equals a loss.

DNB Governor Klaas Knot was interviewed about losses and a weakening balance sheet in October 2022. Knot mentioned Dutch taxpayers possibly need to recapitalize their central bank as EU statutes prescribe. However, he also brought up DNB's GRA as a solvency backstop:

The balance sheet of the Dutch central banks is solid because we also have gold reserves and the gold revaluation account is more than 20 billion euros, which we may not count as capital, but it is there.

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Based on Knot’s remarks, and an email exchange I had with the German central bank prior, I speculated DNB and other central banks could change the accounting rules for their GRAs to absorb losses. Why let taxpayers foot the bill if GRAs can be used? More recently, I discovered a loophole through which some central banks can use their GRAs for this purpose.
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The central bank of Curaçao and Saint Martin (CBCS) ...
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In 2021 CBCS decided to sell and immediately buy back 2,945 ounces of gold to turn an unrealized gain into a realized gain to offset losses. The value of the gold traded was NAf 9.55 million. On page 51 of their Annual Report 2021 it shows the metal was sold and repurchased at exactly the same price, implying the trades were handled off the market.
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Multiple large central banks are currently operating at a loss while public debt levels are elevated. In this article we will examine how central banks' gold revaluation accounts can offer solace in these challenging financial environments. Central banks’ accounting rules are but fictional obstacles, as these are self-imposed and can be discarded.
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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 gold price will 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.
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Jan Nieuwenhuijs said:

The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to which Poland might be included in the future, an equal monetary gold to GDP ratio is a covert requirement for nations to be prepared for a shift to a new gold standard. Based on these requirements I expect Poland to buy an additional 130 tonnes of gold.
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Casey Jones said:

If TSHTF-EOTWAWKI - the rebuilding won't need gold.

It will need MATERIALS and SKILLED LABOR.

I guess this is the banksters and arbitragers all showing their Normalcy Bias. Yeah, a devastated world needs MONEY MEN!

I don't think so. That comes after trade, which comes after surplus, which comes after back-breaking WORK.

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Dollars said:

However what will the people supplying the materials and skilled labour want in consideration for their products?

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Inside The European Union's Secret Plan For Gold​

nickndfl said:

In a SHTF scenario I will finally realize the true value of my beanie baby collection. That thing is gonna keep me in high cotton for years!

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... Gold-holding central banks in Europe seem likely to resort (either formally or informally) to using their gold revaluation accounts to plug balance sheet losses to be unveiled in coming years. ...
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... De Nederlandsche Bank President Klaas Knot remarked in a November 2022 interview that the current gold revaluation accounts can be used to restore central bank balance sheets: ...

Earlier this year, Bundesbank executive board member Joachim Wuermeling agreed gold revaluation accounts could be used to cover losses on the balance sheet: ...
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International market participants as well as central bankers around the world will be watching whether – perhaps after the presidential election in less than 12 months – the US will move towards any explicit or implicit gold revaluation. That would mark a further step in gold’s long journey back towards the centre of the monetary stage.

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