this post was submitted on 07 Apr 2025
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Buy European

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[โ€“] [email protected] 11 points 2 weeks ago (11 children)

Why are they storing it there ? easier to sell it when need to ?

[โ€“] [email protected] 5 points 2 weeks ago

You store gold reserves at banking/trading/stock exchange hubs, so that it can be easily exchanged for foreign currencies - especially without actually moving it. This way you have access to funds in case your own currency is in trouble (e.g. your country is at war).

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