FRANCE COMPLETES REPATRIATION OF 129 METRIC TONS OF GOLD RESERVES BY SELLING GOLD HELD AT THE NY FED, BUYING NEW BARS IN PARIS⚠️
France just “repatriated” their gold reserves held at the NY Fed by selling them & using the proceeds to buy new “modern” gold bars in Paris according to an article from Reuters:
“A 2024 internal audit recommended completing the process for the small share of French gold still held in New York.
The residual stock of 129 metric tons, or about 5% of France’s total gold reserves, was upgraded by selling the gold and buying compliant bars between July 2025 and January 2026 rather than going to the trouble of trying to get it refined.
That programme is now complete, the bank said.”
Read that again. France repatriated its gold reserves held at the NY Fed by “selling” those gold reserves, and rebuying compliant bars in Paris on the open market.
This is NOT how repatriation typically works.
It likely confirms what we stated 10 years ago on SilverDoctors.
Global gold reserves held at the NY Fed have been rehypothecated.
How does one get their gold reserves back from the NY Fed if they’ve been rehypothecated 100 fold?
Ask for the cash, then repurchase the physical gold bullion in your own jurisdiction (Paris).
The NY Fed can simply print the amount necessary to satisfy the gold “sale” request, and the underlying gold held in the Fed’s vaults can remain rehypothecated 100 fold supporting the banking system.
The problem for the Fed & the bullion banksters is that France REPURCHASED those 129 tons of gold on the open market.
Which effectively removes 10,000 + tons from the derivatives system.
The result of merely 129 metric tons of gold being effectively unhypothecated is what the gold chart looks like between July 2025 and January 2026:
⚡️Gold price at the beginning of July, 2025: $3,335/oz
⚡️Gold price at the end of January, 2026: $5,600/oz
‼️A 68% move in 6 months in gold‼️
A 68% vertical move in gold, DIRECTLY COINCIDING WITH THE TIMING OF FRANCE REPATRIATING ITS GOLD RESERVES BY SELLING 129 METRIC TONS HELD AT THE NY FED (rehypothecated), & REPURCHASING 129 TONS OF PHYSICAL UNHYPOTHECATED GOLD ON THE OPEN MARKET‼️
It appears that the bullion banksters are in much greater trouble than even we believed…
https://www.reuters.com/business/french-central-bank-books-15-billion-gain-gold-reserve-upgrade-2026-03-24/
