There is plenty of physical gold in Germany's vaults: https://www.google.de/amp/www.wsj.com/amp/articles/germany-pulls-tons-of-gold-reserves-from-u-s-and-france

There is plenty of physical gold in Germany's vaults: https://www.google.de/amp/www.wsj.com/amp/articles/germany-pulls-tons-of-gold-reserves-from-u-s-and-france-1486638006 https://www.google.de/amp/www.wsj.com/amp/articles/germany-p...