France has quietly finished moving the last of its gold out of the US and turned the operation into a very profitable deal.
Between July 2025 and January 2026, the Banque de France sold 129 tonnes of older gold bars that were stored at the Federal Reserve in New York. It then bought the same amount of newer, better-quality gold bars on the European market and placed them in its secure vaults in Paris. The operation also underscores a broader trend among states seeking tighter control over strategic assets.
The result was a €12.8 billion profit (around $15 billion). This helped the central bank swing from a €7.7 billion loss in 2024 to an €8.1 billion net profit in 2025. France now holds all of its 2,437 tonnes of gold — the world’s fourth-largest stockpile — on its own soil. Gold, unlike foreign currency reserves, carries no counterparty risk and remains one of the ultimate stores of value in times of crisis.
...read more at brusselssignal.eu
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What began in 1971 has concluded today
was about to do my first downzap....
NO THEY EFFING DIDN'T!
I was beginning to worry that my comment wouldn’t trigger you
had to step out and eat dinner... but now I'm back, and someone's wrong on the internet!
#1356936
Was gonna say, the French marching up to Fort Knox in 71 is what caused the temporary suspension of convertability!
Maybe now they can end that temporary suspension
Not possible unfortunately.
$39 Trillion debt kindof complicates things
Nobody can trust the USA anymore after the war crimes committed in the Middle East under orders from Israel and the Jewish bankers who own the Fed Res.
Who was dumb enough to buy US treasury bonds? Who in the world trusted the US to not bomb Iran?
uhg, no
Very interesting, on a similar note:
The tweet I pulled that from asked the question "What if the currency system changed right before our eyes & few noticed?"
Looks to me that the world is heading back to a gold standard in some capacity.
We've seen this before. Germany comes next, then a new monetary system.
Hope France has somewhere secure to put it. They seem to have lots of professional thieves.