Occasionally they do move gold physically, like when Germany moved $27 Billion of gold from the United States & France back to Germany: https://www.cnbc.com/20

Occasionally they do move gold physically, like when Germany moved $27 Billion of gold from the United States & France back to Germany: https://www.cnbc.com/2017/08/23/germanys-central-bank-just-shifted-50000-gold-bars-held-overseas-due-to-cold-war-fears.html https://www.cnbc.com/2017/08/23/germanys-central-bank-just-s...