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Hi All,
I think the article below consolidates nicely with the Great Fall of China article I posted yesterday,
http://www.marketwatch.com/story/why-china-and-russia-are-buying-so-much-gold-2016-08-01
I've attached an extract of World Offical Gold holdings as at August 2016 from the World Gold Council site. Here is the link for those interested its in the link below under "Foreign Reserves Statistics"
http://www.gold.org/statistics#group5
You'll see that Australia is sitting on a reported 79 Tonnes of Gold Reserves. I think Australia needs to SERIOUSLY plan to stock up and improve this ratio of gold reserves to its GDP .