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/
