You are here
France withdrew billions in gold from U.S. vaults. Is a global currency shift ahead?
By Laura Grande
Associated Press
via Yahoo News, Sunnyvale, California
Saturday, July 18, 2026
Earlier this year France pulled off a financial maneuver that turned old gold into billions.
The strategy itself was relatively simple. Starting in mid-2025, France's central bank sold 129 metric tons of gold it had stored in New York and replaced it with newer, high-quality bullion held in Paris.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins and Bullion Since 1973
USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Talking about the move, Francois Villeroy de Galhau, then governor of the Bank of France, said the move was not motivated by politics. However, rather than replace the U.S.-held gold overseas, the bank instead decided to purchase European bullion for storage in Paris.
Now, as central banks continue buying gold and moving reserves closer to home, France's move is starting to look less like a one-off and more like part of a much bigger shift in how countries are managing their wealth. Across Europe there has been growing pressure to bring gold reserves back home, especially those stored in the U.S.
And the trend is no longer confined to Europe. Central banks have been buying gold at a pace not seen in decades. ...
... For the remainder of the report:
https://finance.yahoo.com/markets/commodities/articles/france-pulled-15b-gold-us-134500746.html
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of US$500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
