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Fun fact, France did exactly the same earlier this year (though the trend has been there for decades). [1] https://en.wikipedia.org/wiki/Gold_repatriation#Fran
by nfrankel 1mo ago
Fun fact, France did exactly the same earlier this year (though the trend has been there for decades).
[1] https://en.wikipedia.org/wiki/Gold_repatriation#France https://en.wikipedia.org/wiki/Gold_repatriation#France
- petre 1mo agoFrance made an even a smarter move as it sold its reserves in the US and bought higher purity gold locally.
- stpedgwdgfhgdd 1mo agoNl sold some part as well
- benj111 1mo agoNI? Not Northern Ireland...
- nuthje 1mo agoNL, Netherlands
- pseudohadamard 29d agoOh, what sad times are these when passing ruffians can say NI at will to old ladies. There is a pestilence upon this land, nothing is sacred.
- newtwentysix 1mo agowow! that would have saved some shipping expenses ?
- crote 1mo agoThat's also what mostly happened in this case. 59 tonnes was sold in the US and bought back in London, 27 tonnes was physically transferred from the US to The Netherlands, and 27 tonnes was physically transferred from The Netherlands to London.
- dgellow 1mo agoThere were discussions in Germany to do the same, but I don’t think they followed up on it
- 028363922092 1mo ago[dead]
- FinnKuhn 1mo agoAlthough Germany already moved a sizable amount of Gold to Germany before Trump first took office and now has around half of the total in Frankfurt. https://www.bundesbank.de/en/tasks/topics/bundesbank-completes-transfer-of-gold-from-new-york-647150 https://www.bundesbank.de/en/tasks/topics/bundesbank-complet...