Dutch gold also unverified

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The Netherlands Bank today (October 29) joined the central banks of Germany and Italy in saying it does not physically verify its substantial holdings of gold at foreign central banks actually exist, instead relying on audits by the central banks that store the gold.

The World Gold Council says the Netherland has 612.5 tonnes of gold reserves, giving it the ninth largest gold holdings in the world, although it is unclear how much of these reserves are held outside of the country or where the

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