🥇🇫🇷 GOLD AND SOVEREIGNTY: THE SILENT CHOICE OF THE BANK OF FRANCE 🥇🇫🇷

The recent operation of the Bank of France regarding the gold held in the United States has attracted significant attention, but it should be interpreted carefully to grasp its real meaning.

The institution sold about 129 tons of gold stored at the Federal Reserve in New York, equivalent to about 5% of its total reserves, realizing a capital gain of 12.8 billion euros.

However, this does not represent a reduction in reserves: the total remains stable at 2,437 tons.

The operation was structured as a technical substitution.

The older bars, not compliant with current standards of the London Bullion Market Association (LBMA), were sold to purchase gold with a purity of 99.5% and full traceability.

The choice was also operationally efficient.

Transporting the gold physically from New York to Paris to then refine it would have incurred high costs and lengthy timeframes. Selling directly in the USA and repurchasing already standardized gold allowed for faster and more economical management.

However, behind this technical justification, a possible strategic message emerges.

In a global context characterized by rising geopolitical tensions, bringing gold back under direct control in national vaults, like “La Souterraine,” may represent a choice of greater security and autonomy.

More than a simple optimization, it seems a step towards a new monetary prudence.

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