France pulled $15B in gold from US vaults, and more European countries may follow. Is a global currency shift coming?
France pulled $15B in gold from US vaults, and more European countries may follow. Is a global currency shift coming?
Source: Moneywise
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DW NOTE
France repatriated $15 billion in gold from US vaults — a move that recalls de Gaulle's 1960s convertibility challenge, when France drained Fort Knox to expose dollar overprinting. If other European central banks follow, it won't be because they fear US default; it will be because holding bullion offshore during monetary instability and geopolitical realignment is a custody risk they no longer wish to take.