Dutch Central Bank Doesn’t Plan to Sell Gold, Wellink Says

The Dutch central bank currently has 612 metric tons of gold and has no plans to sell, said Nout Wellink, the bank’s president.

“We have a substantial amount in our basement and at the moment we’re not selling and don’t have plans to sell,” Wellink said at a press conference in Amsterdam today. “I won’t say it will never happen again. At a certain point the policy will be evaluated and it is connected to policy in other countries, as we have agreements on this.”

To contact the reporter on this story: Jurjen van de Pol in Amsterdam at jvandepol@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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