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First sell the gold, then buy same amount at a slightly lower price a bit later (on average)
by rstarast 6mo ago
First sell the gold, then buy same amount at a slightly lower price a bit later (on average)
- xvedejas 6mo ago> the price of gold continued to rise as they did this This would mean they sold low and bought high, right?
- renewiltord 6mo 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 6mo agoI'm not sure the central bank is paying capital gains taxes?
- DaedalusII 6mo agoprice of gold dropped from $5500 to $4600 in the last few weeks then came back. all is possible
- mort96 6mo agoThen they didn't make money as a result of the price rising, which is what the original commenter and article claimed.
- coldtea 6mo agoUsually that's how you want your selling and buying combos to be...
- berkes 6mo agoBut the gold price has been rising (on average) a lot over the period July 2025 to January 2026
- tonfa 6mo 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 6mo agoImpossible to make anywhere close to that amount since they only sold 129 tonnes