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I think the GP was saying that there was no gain. France has the same amount of gold they did last week. The whole article is like saying "holy shit, france has
by irishcoffee 7mo ago
I think the GP was saying that there was no gain. France has the same amount of gold they did last week. The whole article is like saying "holy shit, france has the exact same amount of wealth they did last week!"
- tensor 7mo agoDid you read the article at all? Or just the title? The article is about bringing gold back to France by selling US bars and buying new bars in Europe. The alternative would be melting the bars down and recasting them to the new standard. The capital gain is just a by-product, standard financial stuff, but apparently broke HN readers brains.
- irishcoffee 7mo agoI did read the article, thanks for asking. Sounds like you agree with me, France has the same amount of wealth in gold that they had last week.
- tensor 7mo agoI don't care about that. That's not what the article is about.
- irishcoffee 7mo ago>> The article is about bringing gold back to France by selling US bars and buying new bars in Europe. The alternative would be melting the bars down and recasting them to the new standard. > Sounds like you agree with me, France has the same amount of wealth in gold that they had last week. What did I miss?