Could it be done with a paper transfer from one Reserve Bank to another? I assume it could.
But you know, the Banks insist on projecting a lot of illusions about the banking system’s actual mechanics.
No. Foreign entities own the physical gold bars that are deposited at the New York Fed. They number it, put their identifications on it, and it's not interchangeable with another nation's bullion. If Turkey wants its gold then they physically move it.
But you know, the Banks insist on projecting a lot of illusions about the banking system’s actual mechanics.
This is a bit different.