this post was submitted on 07 Apr 2026
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France pulls all gold out of US Federal Reserve (www.newsweek.com)
submitted 4 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[–] davel@lemmygrad.ml 0 points 4 months ago (1 children)

The Banque de France sold 129 tonnes of gold between July 2025 and January 2026, about 5 percent of its total reserves, which had been held in the Federal Reserve Bank of New York.

Rather than refining and transporting the old stock, the bank purchased an equivalent amount of new, compliant gold in Europe, which now sits in Paris alongside the rest of France’s reserves.

The overall size of France’s gold reserve, around 2,437 tons, remains the same.

The upgrade involved replacing older, non-standard gold bars with modern ones that meet international rules for weight, purity, and certification, making them easier to trade globally.

So the gold—if it exists at all—wasn’t moved, but instead the Federal Reserve printed an equivalent amount of USD which France then spent on actually-existing gold in Europe?

[–] yogthos@lemmygrad.ml 0 points 4 months ago

Yup, which is really the only sensible way to divest from the US. They just sold off whatever they supposedly had in US vaults, and will buy gold they can get their hands on.