Wall Street Journal: The high-security operation took several months to pull off. Some of the gold was sold in the U.S. and repurchased in the U.K. Other bars were flown to Europe, likely in the storage hold of planes. The result: Almost a third of the Dutch gold reserve is in London and a still chunky 19% in New York, flipping their earlier positions.
“In view of increasing geopolitical unrest, DNB is strengthening its crisis preparedness,” the central bank said in a statement referring to its Dutch acronym. The central bank also moved some gold from vaults in Canada…