As France Yanks Last US-Based Gold Reserves, UBS Expects Demand From China To Persist When France repatriates its gold, it has historically been worth paying attention to (think De Gaulle’s demands culminating in the ‘Nixon Shock’). However, then (as now), there was no cliff-like event, it was a slow-building crisis and perhaps the news that Gold has officially emptied its US-stored gold reserves (held in New York) is another straw on the back of the fiat standard to keep an eye on. RFI reports that The Banque de France (BdF) announced last week that it generated a capital gain of… — Continue at ZeroHedge News : Read More
