一年前，荷蘭負責監管退休基金的機構 （Dutch pensions regulator），曾命令一個玻璃業工會（glass manufacturers）要把其退休基金內的黃金賣掉。，監管機構提供的理由是黃金的價格上落波幅太大，因此不適宜退休基金。
荷蘭鹿特丹市（Rotterdam, Netherlands）的法庭剛推翻退休基金監管機構之前發出的命令，因為法庭不接納此機構所提供的理據。
監管機構認為黃金投資佔退休基金的13%是過高的風險。法庭則不同意。
至於監管機構以1980年黃金價格的大上大落，作為理據，而認為黃金不適宜退休基金之用，法庭亦不同意。相反，法庭指出黃金在過去十年間（2000-2010）有穩定的升幅，因此所謂高風險的理據不成立。
玻璃業工會打算以民事訴訟，向監管機構索取賠償損失（當時被逼把黃金賣掉的價錢與今天金價的差別）。法庭會稍後決定合理的賠償。
歐美的政府和中央銀行，透過在期金市場大手拋紙金，都是希望使金價波動，從而令一般人不敢購買黃金，又令黃金不能成為龐大退休基金的一部分。
荷蘭法庭的裁決是黃金的一大勝利，政府和中央銀行的一大挫折。
Submitted by cpowell on Sat, 2012-03-17 15:04. Section: Daily Dispatches
By Leen Preesman
Investments & Pensions Europe, London
Friday, March 16, 2012
http://www.ipe.com/news/court-overturns-dutch-regulators-order-to-slash-...
A Rotterdam, Netherlands, court has overturned the Dutch pensions regulator's recent demand that SPVG, the pension fund for glass manufacturers, divest more than three-quarters of its 13% gold allocation.
The regulator is now facing a claim for damages, estimated at E10 million to E11 milion, the difference between the current gold price and the price when the gold was sold a year ago, according to Rob Daamen, the scheme's deputy secretary.
The court said it was not convinced the regulator had fully taken into account the scheme's specific conditions or the entirety of its investment portfolio.
It also concluded that interpretation of the so-called "prudent person" rule should be the sole prerogative of the pension fund, and that the regulator's task was simply to ascertain whether this standard had been applied correctly.
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