i once questioned the perth mint as to how much gold they owned - they told me they have "access" to 200t. note the word access - it doesnt mean own.
and i also questioned shorten (face to face) as to why australia isnt stockpiling gold like every other country is and considering we are the 5th largest producer. he had no answer except to blame costello
and i doubt england actually owns $200 billion worth (3500t) - most of the gold in their vaults is held there in trust and probably has tungsten in its core
why we dont stock is a mystery except to suggest that it is by design rather than stupidity tho the latter may play a leading role.
stronger talk doing the rounds is the idea of a gold backed crypto yuan with singapore considering the same thing.
if they do how are we going to pay for anything - i cant see that our politicians have the foresight and wisdom to prepare for such an event
