France pulled all its gold from the NY Fed. January 2026. Made $15 billion doing it. First time in 100 years they had zero stored there.
Germany still has 1,236 tonnes in Manhattan. Italy has 43% of its entire reserve sitting there. Combined thats $245 billion.
Both governments are under serious pressure to follow France right now.
This started after 2022. Russia got its assets frozen and every central bank watched that happen. You dont leave your gold in someone elses vault after seeing that.
Official reason France gave was the old bars didnt meet modern standards. Maybe true. But they finished this in January 2026 right in the middle of the worst US-Europe tensions in decades.
The Fed has never had a full independent audit. Never. Make of that what you will.
Source: https://novarapress.net/dollar-no-longer-safe-storage-gold-repatriation
France Pulled Its Last Gold Bar From New York. Germany and Italy Are Next. That’s $245 Billion Walking Out the Door.
byu/monotvtv ininvesting
Posted by monotvtv
9 Comments
What does this have to do with investing? Why do I care where France and Germany are storing their physical gold?
$245bn not walking out the door? It’s gold that belongs to France.
Even framing it like that shows why Americans can’t be trusted. Fat fingered from the President down.
They sold the gold in the US and bought physical locally. There was no gold for them to redeem. The US just payed them out.
Dumbest mass media story on money in recent times. So, um, the gold is still where it was. They sold ownership rights to the gold in America vaults, which stayed exactly where it is right now. They bought ownership to gold that was already in France.
They sold the gold, someone bought it, no gold moved. FFS.
I don’t think you understand that this money doesn’t belong to the US
I guess someone loses rental income
Nobody gives a fuck about Russia getting its assets frozen and that isn’t what’s driving this. It’s the current shitshow of an administration being as trustworthy as North Korea.
Does this been the golden nugget that is S&P500 is no longer going to be that in the future?
As millennial, I believed in the American dream. Now, US is laughing stock and I won’t be holidaying there until trump’s out and give or take 2yrs after for them to clean up his stank.
It’s a no news.