Although this decision by the Dutch central bank appears outrageous, we should not be completely surprised since history always has a tendency to repeat, as indicated by reference to Executive Order 6102 that was in acted in 1933. As in 1933, the central banks have likely exhausted most of their gold bullion supply as a direct result of a loose monetary policy over the preceding decade. Other central banks will likely attempt to reclaim as much gold as possible via these "executive orders" before pegging the price of gold much higher in a last ditch attempt to support their currencies. If this is any indication, gold and silver are going much, much higher.