| ▲ | codethief 4 hours ago | |
If central banks sell their gold in the US and buy new gold abroad (to save themselves physically transporting the gold across the ocean[0]), I suspect that the demand this creates for gold abroad will ultimately cause US gold exports to rise, too. [0]: See the link in https://news.ycombinator.com/item?id=50134172 | ||
| ▲ | actionfromafar an hour ago | parent [-] | |
Selling it in place neatly sidesteps suspicion about how secure the NY gold really is and if it's all really still there, too. | ||