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I”ve read that a lot of our gold there is from melted US gold coins with 90%? purity, not 24 Karat. Dates to FDR and the making of it illegal for private citizens to hold gold, etc.

FDR was a curse on this nation. He made the depression much worse than it would have been and prolonged the event. WW2 ended the depression.

I”ve read that a lot of our gold there is from melted US gold coins with 90%? purity, not 24 Karat. Dates to FDR and the making of it illegal for private citizens to hold gold, etc.

True, those thinking this is no big event, need to view the interview with Gleason. By current industry auditing standards, a full assay audit can take up to two years. He has been in conference with Treasury, and they discussed the question of making US held gold (the bulk is confiscated gold coinage-90 percent+) tradable on the international market.

With Trump announcing Gold backed ( redeemable) bonds in July, buyers will presumably only buy them if they can receive the Gold in internationally accepted 9999 fine Gold.

Note France recently took the value of their US held gold, sold it , took the money and had new bars poured that met the International standard. Another sticky, the 8,130 tons we claim to have is mostly .900 fine US coinage that was confiscated....purifying the .900 fine gold coinage to .9999 fine will reduce our reserve value, presumably 10 percent.

https://www.firstpost.com/explainers/france-129-tonnes-of-gold-reserves-new-york-fed-reserve-billions-move-13997488.html

France pulled 129 tonnes of gold from New York.

France’s central bank has strategically moved five per cent of its gold from New York to Paris. The Banque de France, however, didn’t just shift the reserves; it sold the bars held at the US Federal Reserve and used those funds to buy new bullion,
France moves its gold reserves from New York

Between July 2025 and January 2026, the Banque de France (BdF) moved 129 tonnes of gold, almost five per cent of its total gold reserves, stored in New York back home. With this move, France has moved all of its gold from the New York Federal Reserve, a practice that dates back to World War II — the logic being that the yellow metal held in Manhattan was safe from any invasion that might sweep the continent.

Reasons for France moving the gold reserves

But what led France to make this move? French authorities framed the move as a technical upgrade. BdF’s Governor François Villeroy de Galhau described it as part of a broader effort to replace older, “non-standard” gold bars with bullion that meets current international specifications....

Note Germany and India have done the same. At some point, the US Gold will have to be refined to standard OR discounted heavily....looks like a real $hit show is brewing.

....just another reason why many Goldbugs buy only 24K (.999) sovereign coinage. US Buffalos a favorite ( .999 fine) but the Canadian Maples still the purest at .9999 fine.