3 ms·
> the deposits are effectively on call, and apparently they are not IMO you need more than speculation to claim that. Besides, it is known that US gold bars ar
by tonfa 9y ago
> the deposits are effectively on call, and apparently they are not
IMO you need more than speculation to claim that. Besides, it is known that US gold bars are of poor quality (a lot of the Banque de France gold is being recast because of it).
"buyers don’t want the beat-up American gold"
and “American gold,” the official says. “It is the ugliest.”
https://www.bullionstar.com/gold-university/banque-de-france-gold-vaults https://www.bullionstar.com/gold-university/banque-de-france...
- mannykannot 9y agoYou say it needs more than speculation, but you are speculating about an alternative explanation (to be clear: I am not calling the Banque de France statement you quote as speculation, but the implication that it is the explanation for the stalled transfer appears to be so. Note that the Banque de France is itself performing the recasting of its American bars.)