Where is Australia’s gold?

The answer is easy.  We lend the gold to London but we don’t move it.  But when we get it back we check that it is legit according to our standards (lolz).  That chairwoman needs a slap for her rude interruptions. She is deliberately trying to disrupt the questions.

Where is Australia’s gold? (4 min)

 

It is a shell game…..

Tourists HUSTLED in The Shell Game (1 min)

Tip:  it is not under any shell.  He places it there as he lifts the shell. Slight of hand.

This article might explain it…

‘Just bring the gold back’: RBA responds as conspiracy theories swirl around Australia’s ‘missing’ gold

What you may not know, because it was only made public in December 2012, is that 99.9 per cent of Australia’s $4.4 billion worth is actually held by the Bank of England.

Of that gold, 11 tonnes is “leased” out to earn interest — it brought in around $700,000 last year — while the other 69 tonnes is sitting in a vault in London. Or is it?

“There are all sorts of conspiracy theories and rumours in the gold market as to what’s going on,” said economist John Adams, who has been on a crusade to find Australia’s “missing gold” in a series of videos with Digital Finance Analytics founder Martin North.

The crux of the conspiracy theory, promoted by the likes of Swiss gold trader Egon von Greyerz, is that China, India and other eastern countries are accumulating more gold than can be explained by mining production.

He believes much of it is actually western central banks “covertly disposing” of their gold, or otherwise leasing it to China and India through bullion banks which then “issue an IOU only backed by paper since the physical will never return from Asia”.

“Since 2008 just China and India have accumulated 26,000 tonnes of gold,” Mr von Greyerz wrote recently. “That is a remarkable figure and virtually the total mine production for that period.”

An audit of Australia’s gold holdings was conducted in 2013, but a freedom of information request for the findings and the final report was denied as providing the documents “would, or could reasonably be expected to, cause damage to” the relationship between the RBA and the BoE.

“In the last 20 years we’ve only seen the gold once,” Mr Adams said. “The audit was so flawed it was basically meaningless. We had to tell the BoE six weeks in advance the serial numbers of the bars we wanted to see, that gave them enough time to rig the sample.”

In response to Mr Adams’ videos, the RBA earlier this month added a new page on its website with a series of questions and answers about its gold holdings.

“The RBA’s gold is held at the BoE in an ‘allocated’ account, such that individual bars (with specified bar serial numbers) are attributable to the RBA,” it said.

“The Reserve Bank has processes in place to ensure that its specified gold bars are maintained appropriately. Inventory reconciliation — including of unique serial numbers — is undertaken periodically, or after any movements on the RBA’s account. Additionally, the Reserve Bank audits its gold processes, including gold holdings at the Bank of England.”

Mr Adams says he still has unanswered questions — but in an email this month, a spokeswoman told him the bank had “no further answers” for him.

“They haven’t explained what inventory reconciliation means,” he said. “I think we have a spreadsheet full of serial numbers and we’re checking with BoE to ensure they match. It does not mean you’re checking the physical gold.”

Is a Global Gold “Ponzi Scheme” About to Come Crashing Down? (13 min)

Governments are run by  gangsters and immoral bankers that will steal and trade in drugs and start wars to get all the gold (change my mind).

Venezuela started repatriating its gold in 2011, shipping 160 tonnes from New York, but a third of its holdings remained in London because the Bank of England wouldn’t repatriate them, declaring it doesn’t recognize the government in Caracas. Shortly before he died, Gaddafi sold a fifth of Libya’s gold reserves, and most of the proceeds from this sale are still missing ? During and after World War II, several countries, including Austria, Poland, Belgium, the Netherlands, and Hungary, had their gold reserves seized by Nazi Germany or its allies. The New World was conquered by Spain who stole all the gold. Wars are always an excuse to steal gold.

 

To sum up then.  Governments and central Banks are criminals.

1. They steal gold from other countries
2. They change the “law” and steal gold from private citizens
3. They run rehypothecation  schemes and create  Synthetic paper Gold called ETFs.