Recently, news network RT.com asked for comments on the question of the 80 tonnes of the Reserve Bank of Australia's (RBA) gold reserves and their supposed storage location at the Bank of England's gold vaults in London. Based on some of those comments I made, RT has now published an article in its English language news website at
www.rt.com about this Australian gold that the RBA claims is held in London.
The RT.com article, which was published on 18 February 2018, is titled "
Hey UK! It's not just Venezuela, what happened to Australia's gold?", and can be read in full
here on the RT website.
For the commentary, RT actually asked me quite a few interesting questions on both the Australian gold and other related gold topics. Since both the extended questions and the answers might be of interest to readers, we have decided to publish below the full set of questions and answers in Q&A format, which are as follows:
1) What happened to Australia's gold? What's your opinion?
The Reserve Bank of Australia (RBA) claims to have 80 tonnes of gold bars stored in a bailment arrangement, in an allocated gold account, at the Bank of England vaults in London. Bailment means the Bank of England is custodian, and the RBA owns and has title to specific serial numbered gold bars.
However, there have never been any independent physical audits of this gold, which means that there is no way to verify the RBA's claim that it has all the gold that it claims to have.
Comment: Convenient since Macron has had zero success in quelling the anger of the Yellow Vests.
C'est pas moi: Macron blames social media and the Russians for the Yellow Vest protests