They sold the existing holdings and bought new of equivalent weight(?), so someh... | Hacker News

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kzrdude 68 days ago | parent | context | favorite | on: France pulls last gold held in US

They sold the existing holdings and bought new of equivalent weight(?), so somehow they ended on profit on those moves.

tonfa 67 days ago [–]

The profit is just realizing the gains (resetting the cost basis for accounting purpose).

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