It took ~3 years and ~€4.1 million for the Deutsche Bundesbank to move ~$12 billion (300 metric tons) of gold from NY to Frankfurt

If it were done using Bitcoin it would have taken ~60 minutes and cost ~$0.3977 at today's TX fee values: http://bit.ly/1XoJ0S8

This is interesting perspective for the settlements vs micro TX debate: Do we want a low security, high performance network? or, a low level, high security, high value network?

This is the response by Deutsche Bundesbank when I asked about this gold reserve transfer:

http://bit.ly/2lrXhQe

Submitted February 22, 2017 at 01:06AM by DonaldMcIntyre http://bit.ly/2lJ8HSi