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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST

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marcher
To: bull_dozer who wrote (186049)4/6/2022 9:29:57 PM
From: bull_dozer1 Recommendation  Read Replies (3) of 218231
 
A golden audit - RBA to check on its $6 billion in bullion <G>

A senior Reserve Bank official has been given one of the nation’s most intriguing jobs – being sent to London to check the bank’s 80-tonne store of gold is still sitting in vaults beneath the Bank of England.


RBA assistant governor Christopher Kent on Wednesday revealed the official was about to “hop on a plane” to check over the holding of about 6400 bars of the precious metal that is worth more than $6 billion.


The Bank of England holds a large proportion of the world’s gold as it is the centre of the world gold trade. The RBA’s 6400 bars sit alongside another 400,000 that are located in special vaults that have been in use for centuries.

smh.com.au

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