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-%E2%82%AC13bn-from-us-gold-sale-consolidates-reserves-in-paris


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[–] 2 points 6 months ago (4 children)

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?)

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  • [–] 0 points 6 months ago (3 children)

    So what you are saying is that you are unable to understand this despite it being clearly described in the article and having it explained to you by several posters.

    Well, good luck!

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  • [–] 4 points 6 months ago (2 children)

    My dude your attempt to belittle me with your comment has only highlighted how little you understood about what was asked.

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