According to the National Bank of Belgium (NBB), the Belgian gold stock is largely located at the Bank of England in London. The remainder is stored with the Bank of Canada and the Bank for International Settlements in Switzerland. Although a small stock is also still in Brussels.
The fact that most of our gold is stored abroad has to do with the Second World War. The NBB wanted to prevent the gold from falling into German hands. After the war, it stayed there, because moving large quantities of gold is neither easy nor cheap.
In 2015, the Belgian gold reserve amounted to volgens de NBB 227 tons. In comparison: at the end of the 1980s, our country still had 1,300 tons of gold, but since then most of that stock has been sold.
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