Sorry u don't just get it. Let's look at CBA's balance sheet....

Sorry u don't just get it.
Let's look at CBA's balance sheet. Like most Australian banks it is up to its neck in real estate loans (assets) either as collateral for business loans or straight out home loans.
Australian home prices, according to the latest data out today, have fallen for 10 months in a row. Suburbs across Australia are littered with 4 sale signs.
Gold by contrast has risen for 10 years in a row.
So if u owned a bank which assets would u rather have on your books _ home loans or gold. No contest.
GOA has almost 800,000 ounces of gold and if they have hit the intrusive _ who knows how many ounces.
During the Depression many banks closed their doors, some in Australia. The biggest listed US gold miner Homestake ,by contrast, share price increased 7 fold during the depression. Say no more: Give me Goa rather than CBA any day