How does that change anything?
The BIS ( international Banking group governing Central Banks) as of last July declared physical Gold a Tier One asset, a “ HQLA”, Highest Quality Liquid Asset”, which tells me France with all their financial woes want Gold that can be sold off immediately.
August 1971: A French Warship Docked In New York to Repatriate French Gold
In August 1971, a French naval vessel quietly arrived in New York Harbor under secret orders: to retrieve a portion of France’s gold reserves stored in the vault of the Federal Reserve Bank of New York. This bold maneuver, orchestrated by President Georges Pompidou, was a dramatic expression of France’s growing distrust in the United States’ ability to uphold the Bretton Woods promise of dollar-to-gold convertibility....
...President Charles de Gaulle had been warning of this imbalance since 1965. By 1971, his successor, Pompidou, made good on the threat—demanding gold in exchange for dollars....
....Nixon’s Shock Response
Just days later, on August 15, 1971, President Richard Nixon went on national television to announce the temporary suspension of dollar-gold convertibility. In a now-famous broadcast, he declared:...
The “new” international standard. In line with LBMA/ Crimex standards.These standards are what make Gold the “ Highest Quality Liquid Asset”.
AI:
“Form of Gold Held by EU Banks.
Gold Bullion Bars
EU banks typically hold gold in the form of bullion bars. These bars are standardized for both weight and purity, making them a reliable asset for financial institutions.
Characteristics of Bullion Bars
Weight: Bullion bars come in various weights, commonly ranging from 1 kilogram to 400 ounces.
Purity: The purity of these bars is usually very high, often at least 99.5% gold content.