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Make Australia Gold Again!

24 May 2018

Make Australia Gold Again
It’s been 21 years since the RBA made the decision to sell off the vast majority of Australia’s national gold reserves. The sale, which was endorsed by the government of the day, netted the RBA just over AUD $2.4 billion, with an average price of close to AUD $450oz.

In this detailed ABC Bullion exclusive, we look back at the RBA gold sale and cover a range of topics including:
  • Why the RBA decided to sell gold back in 1997
  • How much money selling the gold has cost Australia in the past 21 years
  • Trends in central bank gold buying and purchasing
  • Why the RBA should “Make Australia Gold Again”
We also include some key quotes from the Bundesbank, and ex-Federal Reserve Chair Alan Greenspan, which highlight the enduring importance, and unique attributes of gold as a monetary asset.

Click here to access the full report.