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Joined 6 months ago
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Cake day: December 8th, 2025

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  • By consolidating its reserves in Paris and upgrading to modern-standard bars, France has made its gold safer to manage and easier to sell or trade internationally. The sale also demonstrates how central banks can capitalize on favorable market conditions and generate substantial profits

    Rather than refining and transporting the old stock, the bank purchased an equivalent amount of new, compliant gold in Europe, which now sits in Paris alongside the rest of France’s reserves.

    The overall size of France’s gold reserve, around 2,437 tons, remains the same.


  • Best argument from the article imo:

    It’s a simple matter of screen real estate. Virtually every modern computer display is widescreen, which is to say it’s wider than it is tall. Websites and web apps, meanwhile, are practically always vertical experiences. Whether you’re on a 13-inch laptop or a 32-inch behemoth of a monitor, the space from top to bottom of your computer is more precious than the space from left to right.