GOLD 0.51% $1,391.7 gold futures

costello australia's best treasurer??

  1. 172 Posts.
    In 1997 the Howard government (Peter Costello) made the brilliant decision to sell 2/3 of Australia's Gold stockpile (167 T, we have still 80 T left)for $350 an ounce
    Let's do the math
    167T = 35274 ounces At $350 this amounts to $2,061,765,300.
    At present the POG is around $1604 or $9,448,775,832
    The difference is $7,387,010,532.
    Well done Peter "the worlds best treasurer" and he is still adored by the liberals. God Help Us with the politicians we elect
 
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