Dutch National Bank Says Gold Can Re-Start Economy in Case of Total Collapse

An article found on the De Nederlandsche Bank (DNB) website has surprised many in the crypto space, with its bold claim that “If the entire system collapses, the gold stock provides a collateral to start over.” While proclamations of this nature are nothing new, it is strange to see a mainstream financial institution open up about the superior value of limited supply, sound money assets. A bit hypocritical, perhaps, given the diametrically opposed Keynesian practices regularly engaged in by central banks worldwide.

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Dutch Bank Talks Global Reset

The translated article, entitled “Goud van DNB” (“Gold from DNB”) states: “If things go wrong, prices may fall. But, crisis or not, a gold bar always holds value.” DNB claims to hold over 600 tons (15,000 bars) of gold mainly in Amsterdam, with other stores in the U.K. and North America. The reserve is valued by the bank to be…