Justin Hayden Miller

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Justin Hayden Miller

Justin Hayden Miller

@JustinHaydenM

Global Trade Strategy. Former senior leader at Big 4 & former Partner at leading law firm. Host of Global Trade Deciphered podcast

Katılım Ocak 2023
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Justin Hayden Miller
Justin Hayden Miller@JustinHaydenM·
🧵Former French Prime Minister Dominique de Villepin has announced that he may run for French President in 2027. My photo of him yesterday at an international conference that I attended.
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Undiscovered History
Undiscovered History@HistoryUnd·
A woman from 1903 getting photographed for the first time.
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Shanaka Anslem Perera ⚡
France moved 129 tonnes of gold from the Federal Reserve Bank of New York to Paris between July 2025 and January 2026. Every ounce of French sovereign gold is now stored on French soil. The Banque de France sold non-standard legacy bars held in New York at record prices and simultaneously purchased equivalent compliant bars in Europe, booking a capital gain of 12.8 billion euros without changing its total reserves of 2,437 tonnes by a single gram. The transaction was described as operational, not political. But the outcome is political regardless of the motive: a founding NATO ally has removed 100 percent of its gold from American custody. Germany did this between 2013 and 2017. Now France. The pattern is consistent: Western central banks are bringing their gold home from New York, quietly, without fanfare, while publicly maintaining that the moves are routine. Nobody repatriates 129 tonnes of sovereign metal across an ocean because the storage fees were inconvenient. They do it because the world that made New York the safest vault on earth is the same world that froze $300 billion in Russian reserves in 2022, and every central bank on the planet watched. China has purchased gold for 16 consecutive months. February 2026 was the latest: one tonne, modest, disciplined, bringing total reserves to 2,308 tonnes valued at $387.6 billion, approximately 10 percent of total foreign exchange reserves. China has simultaneously reduced its US Treasury holdings by $638 billion. The buying is not speculative. It is architectural. Every tonne purchased and every Treasury sold moves the centre of gravity of China’s reserve portfolio from an asset that can be frozen to an asset that cannot. India repatriated 274 tonnes to domestic vaults, bringing 66 percent of its gold home. It reduced US Treasury holdings by 18 percent in 2025. Poland added 20 tonnes in February alone and is targeting 700 tonnes total. Uzbekistan added 8 tonnes. The structural bid from central banks that watched the 2022 freeze is running at 863 tonnes per year with no sign of slowing. Then there are the sellers. Russia sold 6 tonnes in February and approximately 15 tonnes in the first two months of 2026, the largest drawdown since 2002. The country that triggered the global repatriation movement by getting its reserves frozen is now selling gold to fund the war deficit that the freeze was supposed to prevent. Turkey sold 8 tonnes in February and utilised approximately 50 tonnes in March for lira defence and liquidity operations. The irony is precise: the war that proves gold’s value as a sanctions-proof reserve is simultaneously forcing the countries most exposed to sanctions to liquidate their gold to survive the war’s economic consequences. The net global position remains positive. Central banks added 19 tonnes in February despite Russia and Turkey selling. The buyers outweigh the sellers. But the composition tells the story. The buyers are countries building sovereignty: China, India, Poland, Uzbekistan. The sellers are countries defending survival: Russia funding a war, Turkey defending a currency. And the repatriators are countries hedging trust: France and Germany bringing metal home from the vault of the ally whose financial weapons they watched deployed in 2022. Gold is at $4,676 tonight and down 8 percent from its January high. The correction is the trade. The repatriation is the structure. And the structure says that the world’s central banks, collectively, have decided that the safest place for sovereign gold is no longer New York. It is home.
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The Rest Is Politics
The Rest Is Politics@RestIsPolitics·
🚨NEW EPISODE🚨 Is Trump really a fascist? This week, @campbellclaret is joined by The Rest is History's @dcsandbrook to reignite the US election night debate on fascism, and ask - who is winning the Iran War? Link in the replies 👇
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Governor Gavin Newsom
Governor Gavin Newsom@CAgovernor·
Donald Trump repeatedly made a promise to the American people: no new wars. Now, he's threatening to wipe out an entire civilization.
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The Rest Is Politics US
The Rest Is Politics US@RestPoliticsUS·
Happy (Belated) Easter everyone... 😗 Here's to hoping Trump doesn't end the world before the next one...
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Anthony Scaramucci
Anthony Scaramucci@Scaramucci·
Wake up: he is calling for A NUCLEAR STRIKE. Seek his removal immediately.
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War Radar
War Radar@War_Radar2·
BREAKING: 🇫🇷🇺🇸 Macron has given BIG SHOCK to Trump. Macron sold 129 tonnes of French gold held in New York and replaced it with European reserves, generating around €13 billion in profits. France now holds all its gold in Paris, signaling a major shift in its strategy. Source: Europa
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Things From the Past
Things From the Past@pastarchive·
Hergé standing in front of a Tintin & Snowy statue in Brussels on 13 May 1982. Photography by Bernard Charlon
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Globe Eye News
Globe Eye News@GlobeEyeNews·
BREAKING: France sold its gold stored in New York and purchased an equivalent amount in Europe. All of France’s gold reserves are now located in Paris.
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China Now
China Now@ChinaNow24·
BREAKING NEWS: France has officially withdrawn all its gold reserves from the Federal Reserve Bank in New York.
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