our reserve bank on gold ...

"Reserve Bank of Australia’s assistant governor said bullion has no “intrinsic value.”

At http://www.bloomberg.com/news/2013-04-16/gold-tumble-divides-central-banks-as-sri-lanka-sees-opportunity.html

My comments:

How pathetic.

And it's these clowns that are also helping to kill what is left of our manufacturing industry by keeping our dollar stubbornly high as well as damaging our resources sector.

At least in the article we see that Sri Lanka's Central Bank Governor understands gold.

"Sri Lanka’s central bank governor said falling prices are an opportunity for nations to raise gold reserves and that the island will “favorably” examine buying more."