Another in our series of Senate Estimate shorts, this one where Senator Rennick asks about the Australian Gold held by the Bank of England in their vaults.
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Tag: Australia’s Gold
The RBA Is To Check On Australia’s Gold (Well Sort Of!)
A senior Reserve Bank official is about to jet off on an all-expense taxpayer-funded trip to London to check that Australia’s 80 tonnes of gold bullion is still in the Bank of England’s vaults, the AFR says.
News of the impending departure was made during Senate estimates on Wednesday night and comes after a campaign by renegade LNP Senator Gerard Rennick who has long-held concerns that Australia is being dudded and the nation’s gold holdings are not where they should be.
Senator Rennick’s concerns stem from a “strictly confidential” RBA memo supplied to parliament, which states that “the existence of fake gold bars has been detected, in the past, by the presence of duplicate serial numbers”.
The Bank of England holds about 6400 bars on behalf of the RBA, worth about $6 billion. They sit alongside another 400,000 bars in special vaults used for centuries.
See my earlier show with John Adams on the subject: https://youtu.be/oa-PNCykb-8
Go to the Walk The World Universe at https://walktheworld.com.au/
Preview: The RBA’s Crumbling Claims About Australia’s Gold
John Adams and Martin North discuss the latest evidence relating to Australia’s Gold, following recent RBA testimony.
The full episode in available on “In The Interests Of The People”.
What evidence is there to confirm the Gold exists and why is it still in London with the Bank of England? Who should we believe?
Adams/North: The People’s Gold Will Not Be Kept Among The People
In our latest discussion on Australia’s missing Gold John Adams and I discuss the latest comments from the RBA on our gold, and a range of broader economic questions. Is the RBA myopic?
Does this mark the end of John’s Gold Quest?
The John Adams And Martin North DFA Page
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Adams/North: The RBA Says Shut Up And Go Away!
In our latest discussion with Economist John Adams we discuss the latest developments in the “Gold Quest”. Where is Australia’s gold and why won’t the RBA answer John’s questions?
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