← Back to context Comment by nfrankel 3 days 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 10 comments nfrankel Reply petre 3 days ago France made an even a smarter move as it sold its reserves in the US and bought higher purity gold locally. crote 3 days ago That'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. stpedgwdgfhgdd 3 days ago Nl sold some part as well benj111 3 days ago NI? Not Northern Ireland... 2 replies → newtwentysix 3 days ago wow! that would have saved some shipping expenses ? dgellow 3 days ago There were discussions in Germany to do the same, but I don’t think they followed up on it FinnKuhn 3 days ago Although 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-complet... 028363922092 3 days ago [dead]
petre 3 days ago France made an even a smarter move as it sold its reserves in the US and bought higher purity gold locally. crote 3 days ago That'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. stpedgwdgfhgdd 3 days ago Nl sold some part as well benj111 3 days ago NI? Not Northern Ireland... 2 replies → newtwentysix 3 days ago wow! that would have saved some shipping expenses ?
crote 3 days ago That'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.
stpedgwdgfhgdd 3 days ago Nl sold some part as well benj111 3 days ago NI? Not Northern Ireland... 2 replies →
dgellow 3 days ago There were discussions in Germany to do the same, but I don’t think they followed up on it FinnKuhn 3 days ago Although 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-complet... 028363922092 3 days ago [dead]
FinnKuhn 3 days ago Although 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-complet...
France made an even a smarter move as it sold its reserves in the US and bought higher purity gold locally.
That'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.
Nl sold some part as well
NI? Not Northern Ireland...
2 replies →
wow! that would have saved some shipping expenses ?
There were discussions in Germany to do the same, but I don’t think they followed up on it
Although 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-complet...
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