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French Presidential Candidate Wants Gold Repatriated
Nov. 27, 2014 09:34AM PST
Precious Metals InvestingKitco News reported that Marine Le Pen, leader of France’s Front National party and potentially the country’s new president, has requested that France’s gold holdings be repatriated.
Kitco News reported that Marine Le Pen, leader of France’s Front National party and potentially the country’s new president, has requested that France’s gold holdings be repatriated.
She sent a letter to that extent to Christian Noyer, the Bank of France’s governor.
As quoted in the market news:
Not only does Le Pen want to see the gold back in France but she also recommended that the central bank take advantage of the recent price drop and buy more gold, boosting reserves by another 20%. She also recommends that the central bank never sell its gold reserves.
Finally, Le Pen also asked that an independent body be allowed to audit the country’s current holdings of 2,435 metric tons.
