alt Hacker News> They didn't physically ship any of it, they sold it and rebought in Europe
This is effectively outsourcing that process to the banks.
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napierzaza • yesterday at 10:14 PM
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> They didn't physically ship any of it, they sold it and rebought in Europe
This is effectively outsourcing that process to the banks.
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Banks can keep it in US and stay happy, they don't necessarily immediately need physical gold. So it's quite efficient, lots of govts do similar stuff.