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Sell. It's the cheapest option vs. moving (high risk). $164 billions would make a nice investment into infrastructure without touching their "Sondervermögen".
by GuestFAUniverse 9mo ago
Sell. It's the cheapest option vs. moving (high risk).
$164 billions would make a nice investment into infrastructure without touching their "Sondervermögen".
- toyg 9mo agoSelling that amount of gold would crash the price, devaluing their other reserves too. What they have to do is move, but quietly, without announcing it.
- GuestFAUniverse 9mo agoNot all at once, obviously.
- youngtaff 9mo agoGold is moved around the world all the time
- GuestFAUniverse 9mo agoYet it's costly -- albeit they might get special conditions. I hold Xetra Gold (tax free gains after 12mon). Some argue it's safe, because it can be delivered to the relationship bank: it's not really, it's uneconomical, at least for average Joe (~3% up to ~20% of value, heavily depending on denomination).