France pulled all its gold from the NY Fed — and made $15 billion doing it
France sold all 129 tonnes of gold it had stored at the New York Federal Reserve, then rebuilt its position by buying from other European central banks — booking a €13 billion capital gain in the process. Every ounce of French gold is now held domestically, deep in the vaults of La Souterraine, the Banque de France's underground storage facility south of Paris. — Read the rest
The post France pulled all its gold from the NY Fed — and made $15 billion doing it appeared first on Boing Boing.