Conspiracy theories swirl as it is revealed NONE of our gold reserves are held on home soil | Daily
November 21, 2018
Samuel Lawrie
Australia has 80 tonnes of gold reserves worth $4.4 billion according to the Reserve Bank – but it's not in the country - and some think it's been sold to China.
Gold has long been used as a safe haven, protected from unpredictable stock and currency markets, and most central banks around the world keep a portion of their national assets in physical gold.
What is sending some conspiracy theorists into meltdown, however, is the claim that the likes of China and India are acquiring massive amounts of gold – more than can be explained by mining production.
