NETHERLANDS - The Stichting Pensioenfonds Vereenigde Glasfabrieken (SPVG) has been told to reduce its holdings in gold after the Nederlandsche Bank (DNB) ruled its exposure to the metal was too risky.
The Dutch glassmaking plant's pension fund currently has a 13% holding in gold, but has been ordered to reduce this to between 1-3% by the Dutch regulator. SPVG purchased gold in 2008 to protect...
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