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🇫🇷 THE HEIST OF THE CENTURY?
Before anyone talks about the Louvre, critics point to a different controversy: France's gold sales between 2004 and 2009.
During that period, France sold around 589 tons of gold reserves. The proceeds were worth roughly $8 billion at the time. With gold prices having surged since then, that same amount of gold would be worth approximately $82 billion today.
📉 In hindsight, the timing looks terrible. Supporters argued the sales were part of a reserve management strategy, while critics call it one of the most costly financial decisions in modern French history.
💰 The debate continues: was it prudent portfolio management or a historic miscalculation?
Who's ultimately responsible for the decision?
$XAU
#Gold #France #Sarkozy #Economy #Investing
Before anyone talks about the Louvre, critics point to a different controversy: France's gold sales between 2004 and 2009.
During that period, France sold around 589 tons of gold reserves. The proceeds were worth roughly $8 billion at the time. With gold prices having surged since then, that same amount of gold would be worth approximately $82 billion today.
📉 In hindsight, the timing looks terrible. Supporters argued the sales were part of a reserve management strategy, while critics call it one of the most costly financial decisions in modern French history.
💰 The debate continues: was it prudent portfolio management or a historic miscalculation?
Who's ultimately responsible for the decision?
$XAU
#Gold #France #Sarkozy #Economy #Investing
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