How France Secretly Repatriated All Its Gold Before Nixon's Dollar Devaluation

searcher · Wednesday at 2:29 PM

Posting as an interesting read.

How France Secretly Repatriated All Its Gold Before Nixon's Dollar Devaluation

President de Gaulle of France initiated the secret operation “Vide-Gousset” and repatriated 3,313 tonnes of gold reserves from the vaults of the Federal Reserve in New York and the Bank of England in London from 1963 until 1966. De Gaulle feared America’s deficit in its balance of payments would...

www.gold-eagle.com

nickndfl · Wednesday at 3:29 PM

Today I would start a company that buys bullion from local shops around the US or just use a few bird dogs with cash to clean out NYC and other bullion hot spots.

Fatrat · Wednesday at 4:08 PM

That gold was French gold, they exchanged American dollars for it fair and square.

Voodoo · Wednesday at 4:36 PM

Ya I don't think they just stormed in and stole our gold. Kinda seems like something that would be declared as a War.

Someone_else · Wednesday at 7:43 PM

Fatrat said:
That gold was French gold, they exchanged American dollars for it fair and square.

When I was a kid, my dad told me he disliked the French because they "betrayed" us in some move that took our gold in some dishonest manner. Like so many topics, he was short on details. Years later, I set aside his bias against the French and took a French language course. This was well after taking German and Russian...

Fatrat · Wednesday at 7:53 PM

In 1966, France, under President Charles de Gaulle, asked the United States to remove all of its military forces and bases from French soil. This decision was part of France's broader policy to assert its strategic independence and reduce American influence. The US military subsequently relocated its assets to other NATO countries, primarily Germany and Belgium.
This pissed off a lot of Americans...

How France Secretly Repatriated All Its Gold Before Nixon's Dollar Devaluation

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