France pulls last gold held in US for $15B gain
by teleforce on 4/6/2026, 8:03:43 AM
https://www.mining.com/france-pulls-last-gold-held-in-us-for-15b-gain/
Comments
by: cladopa
This is not gain at all. At least in theory: You own some tons of gold at the start of the process, you have the same tons of gold at the end of the process.<p>The only real gain is that you have gold in the US custody and the US can be tempted to just use it without telling you anything.<p>In other words, you had "paper gold" or "virtual gold" that the US can confiscate anytime, for example after invading Greenland, blackmailing France to do nothing.<p>You gain custody of what is yours.
4/6/2026, 9:03:53 AM
by: codethief
Is anyone here actually reading the article? Yes, they really made a gain of $15B:<p>> But instead of refining and transporting the gold, it opted to sell the bars and purchase new bullion in Europe. […] Due to rising gold prices, the move helped the bank to generate a capital gain of 13 billion euros ($15 billion),
4/6/2026, 9:35:46 AM
by: carefree-bob
Good for France to relocate gold back to their own territory, but, uh, how can this result in a 15 B gain?<p>"The overall size of France’s gold reserves still remained unchanged at roughly 2,437 tonnes, which are now entirely held at the BdF’s underground vault in La Souterraine."<p>Is this some special form of French accounting, where the gold becomes more valuable when it returns to French soil?
4/6/2026, 8:26:51 AM
by: tonfa
On that topic, video about the underground vault: <a href="https://www.youtube.com/watch?v=txyKenOq5Pw" rel="nofollow">https://www.youtube.com/watch?v=txyKenOq5Pw</a>
4/6/2026, 9:28:49 AM
by: rstarast
This seems to be the source article (Reuters, March 24): <a href="https://www.reuters.com/business/french-central-bank-books-15-billion-gain-gold-reserve-upgrade-2026-03-24/" rel="nofollow">https://www.reuters.com/business/french-central-bank-books-1...</a>
4/6/2026, 8:54:18 AM
by: wolvoleo
We in Holland should do the same but our government (especially the right wing VVD) adores the US so they never bothered :(
4/6/2026, 9:32:05 AM
by: fenykep
Site doesn't load for me. <a href="https://archive.is/ePH8u" rel="nofollow">https://archive.is/ePH8u</a>
4/6/2026, 8:50:36 AM
by: aucisson_masque
Not done for political reasons.
4/6/2026, 8:28:17 AM
by: renewiltord
I did this once. I bought Bitcoin on an exchange for $65k then I transferred it to my own wallet for a gain of $65k then I sold that for $65k for a total of $130k. Then I used the $130k on the exchange to buy Bitcoin again. Before I knew it, I was a trillionaire. Unfortunately the last time I tried to do it I bought my coins on FTX.<p>When you buy it make sure you use a French account though. If you use any other account then transferring the Bitcoin will just get you a Bitcoin not both the Bitcoin and the money. It’s European mathematics.
4/6/2026, 9:16:08 AM
by: picsao
[dead]
4/6/2026, 9:13:59 AM