this post was submitted on 06 Apr 2026
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Global News

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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


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.

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[–] UnspecificGravity@piefed.social 4 points 18 hours ago* (last edited 18 hours ago) (1 children)

Because they are selling it at a different price than they bought it for.

They bought it for X dollars and now sold it for 13 billion dollars more than the price they paid for it.

Then, in a separate transaction, they bought the same value in gold somewhere else.

They made money by selling gold they bought awhile ago. Not by buying gold somewhere else.

[–] prettybunnys@piefed.social 2 points 18 hours ago (1 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?)

[–] UnspecificGravity@piefed.social -1 points 18 hours ago (1 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!

[–] prettybunnys@piefed.social 3 points 18 hours ago (1 children)

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

[–] UnspecificGravity@piefed.social 2 points 18 hours ago (1 children)

You should realize you are arguing a point that the article actually does not make because you are too stupid to read and understand the multiple attempts to explain this to you.

[–] prettybunnys@piefed.social 0 points 18 hours ago* (last edited 18 hours ago)

You’re cute when you’re mad

Stay Up prayed fam