tirateimas@lemmy.pt to World News@lemmy.worldEnglish · 2 months agoFrance pulls last gold held in US for $15B gainwww.mining.comexternal-linkmessage-square51fedilinkarrow-up1554
arrow-up1554external-linkFrance pulls last gold held in US for $15B gainwww.mining.comtirateimas@lemmy.pt to World News@lemmy.worldEnglish · 2 months agomessage-square51fedilink
minus-squareJohnEdwa@sopuli.xyzlinkfedilinkEnglisharrow-up65·edit-22 months ago“they simply sold the older, less pure gold bars in New York for what they were worth in U.S. dollars as gold prices were reaching all-time highs, then pocketed the cash and bought bars that met their updated weight and purity standards in Europe, as prices conveniently pulled back.” -https://www.kitco.com/news/article/2026-04-06/bank-france-sells-its-129-tonne-us-gold-reserve-then-buys-it-back-europe
minus-squareunpossum@sh.itjust.workslinkfedilinkEnglisharrow-up10·2 months agoHah, nice. Thank you for the link.
minus-squareironhydroxide@sh.itjust.workslinkfedilinkEnglisharrow-up3·2 months agoSounds more like they dumped a bunch into circulation when prices were high. Then bought the dip.
“they simply sold the older, less pure gold bars in New York for what they were worth in U.S. dollars as gold prices were reaching all-time highs, then pocketed the cash and bought bars that met their updated weight and purity standards in Europe, as prices conveniently pulled back.”
-https://www.kitco.com/news/article/2026-04-06/bank-france-sells-its-129-tonne-us-gold-reserve-then-buys-it-back-europe
Hah, nice. Thank you for the link.
Sounds more like they dumped a bunch into circulation when prices were high. Then bought the dip.