Comment by Bootvis
6 hours ago
What is the benefit of realizing the gains for France? They had gold, they still have gold. They don't pay tax on their gold or gains.
6 hours ago
What is the benefit of realizing the gains for France? They had gold, they still have gold. They don't pay tax on their gold or gains.
I don't think they cared about realizing the gains. They just wanted to roll to a new position on higher standard ingots. It just so happen that it meant selling/buying, which realizes the gains.