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 rupture Bretton Woods and lead to a devaluation of the dollar against gold.
Great article. Now please write one about how wise and prescient UK chancellor Gordon Brown was when in 1999 he dealt with the Bank of England's gold reserves...
Nicely written. My takeaway is anything that is considered fiat money, backed by nothing, is a far cry from precious metals with no counter party risk that are in your own possession.
Thankyou for making the effort to produce this article. I’m always fascinated by actual timelines. When read in history books, they always appear shorter than when living them in real time… we definitely appear to be in the throes of another bull market in gold/ bear market in fiat!
Great article. Now please write one about how wise and prescient UK chancellor Gordon Brown was when in 1999 he dealt with the Bank of England's gold reserves...
Nicely written. My takeaway is anything that is considered fiat money, backed by nothing, is a far cry from precious metals with no counter party risk that are in your own possession.
I wish you well.
Thankyou for making the effort to produce this article. I’m always fascinated by actual timelines. When read in history books, they always appear shorter than when living them in real time… we definitely appear to be in the throes of another bull market in gold/ bear market in fiat!
Great article. And European leaders in the past were smarter than today's