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coldteatoday at 9:26 AM1 replyview on HN

As @somenameforme wrote:

[] they sold their 'non-standard' (seems to be bars below the modern purity standards) US reserves, and replaced them with new reserves purchased elsewhere which are now stored in France. As the price of gold continued to rise as they did this, they ended up making a bunch of dinero while also centralizing their reserves.

sounds like a gain to me.


Replies

mort96today at 9:52 AM

A gain of $15b? That's roughly the value of 100 metric tons of gold, remarkably close to the 129 tons that the article says was moved... did they double the value of their gold?

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