Here’s a news item that you probably didn’t hear anything about: The Dutch Central Bank recently shipped 122.5 tons of gold worth about $5 billion dollars from the Fed in New York to Amsterdam.
Why did they do that? The Dutch Central Bank said:
“Following this adjustment, DNB [the Dutch Central Bank] is in line with other central banks holding a greater part of their gold stock in their own countries. Beyond realising a more balanced distribution of the gold stock across the different locations, this may also have a positive effect on public confidence.”
Essentially, this means that banks are publicly acknowledging that the public feels safer with a perception that gold is on hand to back their currency.
The reality is, though, that you will be safer if you have gold in your own hands to safeguard your wealth.