Dedollarisation is not a new BRICS currency. It is parallel infrastructure for clearing, settlement and physical vaulting that lets value move between separate monetary networks. GoldCore maps two tracks: the Netherlands repositioning 86 tonnes inside the Western system and 99.71 tonnes of Russian-origin gold routed via Hong Kong in Jan-July 2026.
Video Length: 00:10:13
In this video:
• Almost 100 tonnes of Russian-origin gold entered Hong Kong Jan-July 2026 vs 85 tonnes in all of 2025; cumulative flows via Hong Kong approx $35B since 2022
• Hong Kong operates without an import quota and is piloting a local gold clearing system with Shanghai connectivity, with a stated aim to expand vaulted capacity beyond 2,000 tonnes within three years
• Bank of Russia holdings fell by around 50 tonnes in seven months; broader central bank demand for gold as a neutral reserve asset continues
• De Nederlandsche Bank repositioned approx 86 tonnes from North America to London — 59 tonnes sold in New York and replaced in London, 27 tonnes moved physically — for crisis tradability inside the Western system; Germany in contrast holds approx 1,236 tonnes, 37% of its reserves, in New York
• Venezuela's approx 31 tonnes at the Bank of England illustrates the difference between ownership and control — why custody location and legal framework count for physical metal
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