The Dutch central bank, citing the potential for a “crisis situation”, has moved some of its gold from New York to London.

De Nederlandsche Bank just quietly reshuffled billions in gold away from North American vaults, citing crisis readiness rather than any specific threat. The mechanics of how most of it actually moved will surprise you.

The Netherlands and France have shifted gold reserves as geopolitical tensions put new focus on where Europe keeps its bullion.

The Netherlands is the second country to pull its gold reserves out of the U.S. this year and the third in less than a decade.