By 'retained', I meant allocated to Australia, to be purchased...

By 'retained', I meant allocated to Australia, to be purchased at market prices. The gold could even be paid for by increasing the iron ore royalty to a more authentic, market value.

And to 87 crash

OK.I'll bite.

Norway has oil and fish, not much compared to Australia.

Norway, 6 million people, wealth fund around 1000 billion dollars, so assets of +166 billion dollars, per million Norwegians.

Australia, 25 million people, national debt, around 1000 billion dollars, so debts of (minus) 40 billion dollars, per million Australians.

And since Australia has multiples of Norway's resources, then the Norwegians must be even smarter, than these base calculations suggest?

Why don't you send a letter to the Norwegian embassy, calling them a bunch of Marxists? I am sure they will adjust their economic policies, so you can sleep better!

Maybe a letter to the Qataris as well. Qatar has a nationally-owned gas industry, and makes over 20 billion dollars in profits, while selling less gas than Australia produces. From memory, Australia makes about 800 million dollars, on our gas sales, so are Qataris 25 times smarter than Australians?