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I don't understand this. Did they increase the overall amount of gold they held?
by eru 7mo ago
I don't understand this. Did they increase the overall amount of gold they held?
- KaiserPro 7mo agoSold it at the peak, and then bought it locally a few months later.
- rstarast 7mo agoFirst sell the gold, then buy same amount at a slightly lower price a bit later (on average)
- xvedejas 7mo ago> the price of gold continued to rise as they did this This would mean they sold low and bought high, right?
- renewiltord 7mo agoIt’s because they’re using European mathematics. You wouldn’t understand if you’re American. In reality the article is attempting to account for a capital gain pnl accounting for taxes.
- eru 7mo agoI'm not sure the central bank is paying capital gains taxes?
- DaedalusII 7mo agoprice of gold dropped from $5500 to $4600 in the last few weeks then came back. all is possible
- mort96 7mo agoThen they didn't make money as a result of the price rising, which is what the original commenter and article claimed.
- coldtea 7mo agoUsually that's how you want your selling and buying combos to be...
- berkes 7mo agoBut the gold price has been rising (on average) a lot over the period July 2025 to January 2026
- tonfa 7mo agoFrom the annual report, it looks like the headline number (XXB gain) is just because it's realized capital gain (which due to their reporting requirement appears in their annual report, unlike unrealized gains). They have ~same amount of gold between both years and it doesn't look like they took extra market risk.
- wqaatwt 7mo agoImpossible to make anywhere close to that amount since they only sold 129 tonnes