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Jan Nieuwenhuijs: How France secretly repatriated all its gold before Nixon's dollar devaluation
9:56a ET Saturday, October 5, 2024
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs today provides a fascinating and extraordinarily detailed history of France's famous but generally unexamined departure from Western gold price suppression policy and the repatriation of French gold reserves from the United States and United Kingdom in the 1960s and early '70s.
The reasons for the change in French policy back then -- including resentment of the use of gold and the dollar as the instruments of U.S. imperialism -- are the same for the recent gold repatriations and acquisitions of gold by other nations. History is repeating itself and is bound to have the same results: a decline in the dollar's value and an increase in gold's.
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... For the remainder of the announcement:
Nieuwenhuis writes: "After decades of gold demonetization attempts by the United States, the Great Financial Crisis has revived gold's role in the international financial system as a reserve asset with no counterparty risk."
His report is headlined "How France Secretly Repatriated All Its Gold Before Nixon's Dollar Devaluation" and it's posted at the internet site of Money Metals Exchange here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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