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En 1940 Face Aux Nazis La France a Evacue En Secret Plus De 2700 Tonnes D or Par Bateaux Vers Dakar Et Le Canada

Minister Of FinancesMaliGovernorIron

News Analysis — AI Analysis

Original analysis generated by News Analysis. This is our own commentary on the story, not the publisher's article text.

In May 1940, as Nazi forces advanced rapidly through France, French authorities orchestrated a massive and secretive operation to evacuate over 2,700 tonnes of gold. This effort involved moving the national treasure, which was initially stored in Paris and numerous branches, to various ports like Toulon and Brest for transport across the Atlantic to destinations such as Dakar and Canada.

Key points

  • Before WWII, France held 2,500 tonnes of gold, representing 20% of global bank reserves and being the world's second-largest stock after the US.
  • The Banque de France had proactively begun moving gold away from eastern borders as early as 1932 due to geopolitical concerns regarding Germany.
  • Following the German offensive in May 1940, Finance Minister Lucien Lamoureux mandated the evacuation of all French gold out of mainland France.
  • The operation was logistically complex, requiring the movement of dispersed gold from 51 depots amidst total national disorganization and chaos.
  • By June 1940, approximately 1,700 tonnes of gold successfully left French ports bound for continental Africa and Martinique via a large 'gold fleet'.

Claims assessed

  • VerifiableFrance possessed 2,500 tonnes of gold before WWII, making it the second-largest reserve globally after the United States.
  • VerifiableThe Banque de France decided to move its gold away from eastern borders starting in 1932 due to concerns about Germany's situation.
  • VerifiableFinance Minister Lucien Lamoureux ordered the evacuation of all French gold out of mainland France on May 14, 1940.
  • VerifiableThe operation involved transporting gold from 51 depots to ports like Toulon and Brest amidst significant national disorganization.

Missing context

The article does not detail the ultimate fate of all the gold or provide a comprehensive accounting of the total amount successfully evacuated to Dakar and Canada. It also leaves the narrative abruptly cut off during the description of the cruiser Émile Bertin's escape from British control.

Topic context

The full article is on the original publisher site.

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Topic context

sciencepost.fr files this story under "minister of finances" in the GDELT knowledge graph. News Analysis surfaces coverage based on the same open classification taxonomy.