The Banque de France nets €12.8 billion by repatriating its gold from the United States
The BdF sold the last 129 tonnes of gold it held at the New York Fed (about 5% of French reserves) between July 2025 and January 2026, replacing them with higher quality bars meeting international standards, purchased on the European market.
* €12.8bn capital gain thanks to record gold prices over the period, through 26 transactions
* France’s 2,437 tonnes of gold reserves (4th largest in the world) are now entirely held in Paris
* 134 tonnes of older bars and coins still need to be brought up to standard by 2028
* Governor Villeroy de Galhau states this was not a political decision
* In Germany, voices are calling for the repatriation of the 1,236 tonnes still stored at the Fed (~37% of German reserves), citing Trump’s unpredictability
* This capital gain contributed to the BdF’s €8.1bn net profit in 2025, after a €7.7bn loss in 2024
fretkat on
More to follow!
Anonymous_Banana on
Trump ain’t nuthin but a gold digger
Beneficial-Space3019 on
Let’s gooo! Hopefully the rest of the world will follow suit. Trump and his administration can f**k off (to borrow one of Trump’s own used words from yesterday!).
OkKnowledge2064 on
There really is no good reason why ours isnt aswell
Psephological on
Based
hoopjoness on
The “not a political decision” framing when we all know it’s absolutely that haha
Mysterious_Tea on
All EU should do the same.
Juniper-wool on
Every country that has gold in the US should move it somewhere else.
GatorNator83 on
Deplete those reserves.
Xibalba_Ogme on
There’s an administration that openly talks about stealing money from the EU (Using PURL money to resplenish their stocks), that publicly said they may not deliver submarines to Australia tho Aussies paid, that made a point of taking Venezuela’s oil and has a boner for Iranian oil
Pulling gold out of US reserves is the best way to ensure they won’t “seize it because you guys don’t pay enough for NATO”
Bignizzle656 on
Luckily the UK planned ahead for this eventuality…
Common-Ad6470 on
Every country in Europe should do this before Trump takes it for hinself.
Miss-Information_ on
Clever. When Germany did this in the early ’00 it was a multi-year logistical nightmare. France just said ‘fuck it’ and sold their gold in the US at three all-time high, and bought new gold in Europe.
_0611 on
We should do the same. Can’t trust Trump and the Republicans/MAGA.
DCGeos on
Gold as an element doesn’t really change much so what does the new international standard for higher quality bars actually mean?
HettySwollocks on
Good work to Le France. Hopefully the rest of Europe does the same.
I’m curious if the UK holds any gold in the US given their own vaults.
MercantileReptile on
Now, based decision and all, but really quick:
>Villeroy de Galhau
is an epic name for a Governor.
Blubbolo on
Pretty much anyone should get their gold away from the pedophile because something might happen to it and you’ll read he found billions under his bed.
Andvari_Nidavellir on
Only a fool would trust the US with their gold right now.
StomachNecessary5512 on
All European countries should move their stored gold in the US to their own country or Canada
stupendous76 on
It wouldn’t be the first time the French are ahead of something big happening.
26 Comments
Smart move
Germany needs to get a move on with theirs
The Banque de France nets €12.8 billion by repatriating its gold from the United States
The BdF sold the last 129 tonnes of gold it held at the New York Fed (about 5% of French reserves) between July 2025 and January 2026, replacing them with higher quality bars meeting international standards, purchased on the European market.
* €12.8bn capital gain thanks to record gold prices over the period, through 26 transactions
* France’s 2,437 tonnes of gold reserves (4th largest in the world) are now entirely held in Paris
* 134 tonnes of older bars and coins still need to be brought up to standard by 2028
* Governor Villeroy de Galhau states this was not a political decision
* In Germany, voices are calling for the repatriation of the 1,236 tonnes still stored at the Fed (~37% of German reserves), citing Trump’s unpredictability
* This capital gain contributed to the BdF’s €8.1bn net profit in 2025, after a €7.7bn loss in 2024
More to follow!
Trump ain’t nuthin but a gold digger
Let’s gooo! Hopefully the rest of the world will follow suit. Trump and his administration can f**k off (to borrow one of Trump’s own used words from yesterday!).
There really is no good reason why ours isnt aswell
Based
The “not a political decision” framing when we all know it’s absolutely that haha
All EU should do the same.
Every country that has gold in the US should move it somewhere else.
Deplete those reserves.
There’s an administration that openly talks about stealing money from the EU (Using PURL money to resplenish their stocks), that publicly said they may not deliver submarines to Australia tho Aussies paid, that made a point of taking Venezuela’s oil and has a boner for Iranian oil
Pulling gold out of US reserves is the best way to ensure they won’t “seize it because you guys don’t pay enough for NATO”
Luckily the UK planned ahead for this eventuality…
Every country in Europe should do this before Trump takes it for hinself.
Clever. When Germany did this in the early ’00 it was a multi-year logistical nightmare. France just said ‘fuck it’ and sold their gold in the US at three all-time high, and bought new gold in Europe.
We should do the same. Can’t trust Trump and the Republicans/MAGA.
Gold as an element doesn’t really change much so what does the new international standard for higher quality bars actually mean?
Good work to Le France. Hopefully the rest of Europe does the same.
I’m curious if the UK holds any gold in the US given their own vaults.
Now, based decision and all, but really quick:
>Villeroy de Galhau
is an epic name for a Governor.
Pretty much anyone should get their gold away from the pedophile because something might happen to it and you’ll read he found billions under his bed.
Only a fool would trust the US with their gold right now.
All European countries should move their stored gold in the US to their own country or Canada
It wouldn’t be the first time the French are ahead of something big happening.
What else is there to say, but “hon hon hon”?
France has decided to repeat de Gaulle’s play.
Good move, France.