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The Brains Trust - 2024, page-1512

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5,854 Posts.

689

10/07/24

10:20

Post #: 74685489
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Originally posted by gj0201: ↑

Just FWIW and info this caught my eye on Tw:

Where is Oz???? I then recalled that our geniuses at the reserve bank sold down our holdings years ago' Google tells me

"The Reserve Bank of Australia has sold two thirds of its gold reserves in a move likely to be seen as a vote of no-confidence in one of Australia's principal exports.

The sales, worth more than $2 billion, were conducted stealthily over the past six months, during which time the gold price has fallen from around $US360 an ounce to less than $US335/oz."

Yep sold the farm for $2B at the bottom and at 10% of todays value.

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interesting figures gj
china at 4.3% in 2023. china is the country buying over the last year. would be interesting to see the percentage for china now
china stopped buying a few weeks back. a pause or new direction for them? what do they see unfolding this year or is it just prudent asset management

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