France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly…

France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings.

Archived version: https://archive.is/20260406065208/https://www.rfi.fr/en/france/20260404-french-central-bank-nets-€13bn-from-us-gold-sale-consolidates-reserves-in-paris

Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

  • prettybunnys@piefed.socialEnglish
    42·
    2 months ago

    If I have $100 dollars in gold that appreciates in value to $200 in gold I only make $100 if I sell and don’t purchase the same quantity.

    Which they say they did.

    My point is how does this generate revenue, as they may have made money on the initial sale BUT to purchase the same amount would presumably cost the same amount (if not more due to rising prices?)