does aussie reserve bank have any gold?, page-2

Circumstances are very much changed since 1997...but we will do what we have always done ands that is a toady to the US.

Wouldn't look good abandoning the US dollar in favour of gold, would it?

And yet prudent kitchen table finance management would suggest that the RBA's modest investment back into gold would be a smart diversificaton strategy.

Not the least of which would be a sign of confidence in supporting an industry where we really do have world class "points of difference".

I'd have thpought a scheme whereby companies can sell a percentage of their gold to the RBA and pick up close to spot price as well as a gold tax credit of se sort would be a smart way to encourage a growth industry.