Gold, page-2415

PennyP,

"I still cannot see how Australia is one of the worlds largest gold producers yet only holds a lousy 78.9 tonnes making it number 38 in physical holdings."

First, central banks are neither speculators nor profit-seeking institutions.

Second, gold was demonetized or at least thought to have been.

In order to understand this maybe you should start bellow.


https://books.google.com.au/books?i...=onepage&q=the demonetization of gold&f=false