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Jan Nieuwenhuijs: France has repatriated all its monetary gold
10:30a ET Sunday, April 17, 2022
Dear Friend of GATA and Gold:
France, which long has recognized gold's enduring monetary functions, appears to have repatriated all its gold from foreign vaults in support of its longstanding objective of turning Paris into a gold trading center associated with the Banque de France, gold researcher Jan Nieuwenhuijs writes this week. The French central bank, Nieuwenhuijs writes, has been steadily increasing its facilities for gold trading.
The central bank, Nieuwenhuijs writes, plainly expects gold to regain importance in the world financial system, and he asks:: "Why else upgrade all the French gold, overhaul the vault, set up a new internet technology system, and develop a full set of trading services for foreign central banks in Paris?"
His analysis is headlined "France Has Repatriated All Its Monetary Gold" and it's posted at the Gainesville Coins internet site here:
https://www.gainesvillecoins.com/blog/france-repatriates-all-its-monetary-gold
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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