🔏 Matthias Wiesmann

People are way too obsessed by big things, when a wall is about to collapse, the small pebbles falling out and the cracks are important. I find it fascinating how this is not a big headline in the US…

https://www.rfi.fr/en/france/20260404-french-central-bank-nets-%E2%82%AC13bn-from-us-gold-sale-consolidates-reserves-in-paris

French central bank nets €13bn by pulling gold out of US reserves

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.

RFI
Apr 7 at 8:13amPhanpy
Show threadDavid B. 2d ago
@thias It's not a big headline in the US because it doesn't fit any narrative in the US except the ones that are taboo.
Show threadswggrkllr3rd2d ago
@David @thias Still, it's gold. Rest of EU should follow.