http://www.gata.org/node/18882
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Australia's Gold ... Safely in the Hands of the Bank of England
By Shane Wright Sydney Morning Herald, Sydney, Australia Friday, February 22, 2019
Those looking to break into the Reserve Bank of Australia's Sydney headquarters looking for a stash of gold are going to be disappointed.
The bank explained to a parliamentary committee today that its store of gold -- all 80 tonnes of it -- is 17,000 kilometres away in the Bank of England.
Later this year a special audit will be conducted to ensure all these bars are there and that they weigh the 80 tonnes the Reserve Bank has on its ledger. ...
Last financial year about 10 tonnes of the precious metal was leased. In the early parts of the 2000s, almost all of it was being borrowed. ...
... For the remainder of the report:
https://www.smh.com.au/politics/federal/austr...ely-in-the-h... * * *
