...why RBA does not stockpile Gold when we are one of the...

...why RBA does not stockpile Gold when we are one of the largest gold producers in the world eludes logic.


World central banks have benefited from rising gold prices:

The value of developed market central banks’ gold holdings has risen by ~$600 billion, or 90%, to a record $1.3 trillion since 2022.

At the same time, emerging market central banks’ gold value has doubled to a record $800 billion.

This comes as gold prices have skyrocketed 105% since the October 2022 low.

Moreover, EM and DM central banks have increased their holdings by 10% and 1%, respectively, during this time.

In 2022-2024, world central banks bought a whopping 3,176 tonnes of gold.

Demand for gold has never been stronger.

https://x.com/KobeissiLetter/status/1919452456108380448