Across Europe, central banks are quietly repositioning their most ancient form of wealth — gold — drawing it closer to home and to the world's most liquid trading centers. The Netherlands moved 86 tonnes from North American vaults to London this year, joining France and Germany in a deliberate recalibration of where sovereign reserves should rest in an era of mounting geopolitical uncertainty. These are not acts of panic, but of prudence — a recognition that in a world grown less predictable, the distance between a nation's wealth and its ability to deploy that wealth in a crisis is itself a f