France repatriated 129 tons of gold by selling reserves in New York and repurchasing them in Europe, citing concerns over counterparty risk with foreign holdings.
Matt notes France made a $12 billion profit on the gold trade and suggests the repatriation highlights gold's limitations in verifiability and transferability compared to Bitcoin.
European responses to the Iran war range from Spain's outright opposition and denial of U.S. access to Britain's efforts to soothe relations and plan for post-war Strait of Hormuz reopening, with France seeking autonomous leadership and Britain preferring U.S. partnership.
John Fasman notes the 2026 FIFA World Cup is the first with three hosts (Mexico, Canada, U.S.) and 48 competing countries, with Spain having the best odds to win over England and France.
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