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"Pull it" and "sell it" are different actions. Given the timing, it seems like a financial loss to sell it relative to holding it as gold.
by OutOfHere 7mo ago
"Pull it" and "sell it" are different actions. Given the timing, it seems like a financial loss to sell it relative to holding it as gold.
- daneel_w 7mo agoDoesn't that depend on when they acquired the gold and at what price? It has roughly tripled in just 10 years, and increased tenfold since the early 2000s.
- FabHK 7mo agoWhat loss? The idea is to sell it in NY, and buy it back in Europe. You lose the bid-ask spread.
- mrlonglong 7mo agoNah. Sell this rather suspect gold and buy better quality gold on the European market. Did you even read the article?
- OutOfHere 7mo agoGold is gold. There is no such thing as suspect gold. It can always be subject to a purity test. Those who buy much gold, e.g. Apmex, always do it. The fact that France was able to sell the gold validates that it was gold.
- mrlonglong 7mo agoThere's different grades of fine. What may be acceptable in the US is probably not what the EU's idea of what purity it should be.