{"id":74632,"date":"2025-02-26T04:49:07","date_gmt":"2025-02-26T04:49:07","guid":{"rendered":"https:\/\/www.biblaridion.info\/blog\/?p=74632"},"modified":"2025-02-26T04:50:31","modified_gmt":"2025-02-26T04:50:31","slug":"where-is-australias-gold","status":"publish","type":"post","link":"https:\/\/www.biblaridion.info\/blog\/where-is-australias-gold\/","title":{"rendered":"Where is Australia&#8217;s gold?"},"content":{"rendered":"<h1>Where is Australia&#8217;s gold?<\/h1>\n<p>The answer is easy.\u00a0 We lend the gold to London but we don&#8217;t move it.\u00a0 But when we get it back we check that it is legit according to our standards (lolz).\u00a0 That chairwoman needs a slap for her rude interruptions. She is deliberately trying to disrupt the questions.<\/p>\n<p class=\"style-scope ytd-watch-metadata\"><strong>Where is Australia&#8217;s gold? (4 min)<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Where is Australia&#039;s gold?\" width=\"614\" height=\"345\" src=\"https:\/\/www.youtube.com\/embed\/pcRpu1nZPTA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>It is a shell game&#8230;..<\/p>\n<p class=\"style-scope ytd-watch-metadata\"><strong>Tourists HUSTLED in The Shell Game (1 min)<\/strong><\/p>\n<p>Tip:\u00a0 it is not under any shell.\u00a0 He places it there as he lifts the shell. Slight of hand.<\/p>\n<p><iframe loading=\"lazy\" title=\"Tourists HUSTLED in The Shell Game \ud83d\ude33\" width=\"614\" height=\"345\" src=\"https:\/\/www.youtube.com\/embed\/xSfiJlBbt6A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>This article might explain it&#8230;<\/p>\n<h2><a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/just-bring-the-gold-back-rba-responds-as-conspiracy-theories-swirl-around-australias-missing-gold\/news-story\/c0fe71e8bd40a3440a58febb80df8da3\">\u2018Just bring the gold back\u2019: RBA responds as conspiracy theories swirl around Australia\u2019s \u2018missing\u2019 gold<\/a><\/h2>\n<p>What you may not know, because it was only <a href=\"http:\/\/www.bullionbaron.com\/2012\/12\/rba-australias-gold-held-at-bank-of.html\">made public in December 2012<\/a>, is that 99.9 per cent of Australia\u2019s $4.4 billion worth is actually held by the Bank of England.<\/p>\n<p>Of that gold, 11 tonnes is \u201cleased\u201d out to earn interest \u2014 it brought in around $700,000 last year \u2014 while the other 69 tonnes is sitting in a vault in London. Or is it?<\/p>\n<p>\u201cThere are all sorts of conspiracy theories and rumours in the gold market as to what\u2019s going on,\u201d said economist John Adams, who has been on a crusade to <a href=\"https:\/\/www.youtube.com\/watch?v=Qa4Q3PR7jrg\">find Australia\u2019s \u201cmissing gold\u201d<\/a> in a series of videos with Digital Finance Analytics founder Martin North.<\/p>\n<p>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.<\/p>\n<p>He believes much of it is actually western central banks <a href=\"https:\/\/goldswitzerland.com\/where-is-all-the-gold-going\/\">\u201ccovertly disposing\u201d of their gold<\/a>, or otherwise leasing it to China and India through bullion banks which then \u201cissue an IOU only backed by paper since the physical will never return from Asia\u201d.<\/p>\n<p>\u201cSince 2008 just China and India have accumulated 26,000 tonnes of gold,\u201d Mr von Greyerz wrote recently. \u201cThat is a remarkable figure and virtually the total mine production for that period.\u201d<\/p>\n<p>An audit of Australia\u2019s gold holdings was conducted in 2013, but a freedom of information request for <a href=\"http:\/\/www.bullionbaron.com\/2014\/12\/reserve-bank-of-australia-audits-our.html\">the findings and the final report<\/a> was denied as providing the documents \u201cwould, or could reasonably be expected to, cause damage to\u201d the relationship between the RBA and the BoE.<\/p>\n<p>\u201cIn the last 20 years we\u2019ve only seen the gold once,\u201d Mr Adams said. \u201cThe 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.\u201d<\/p>\n<p>In response to Mr Adams\u2019 videos, the RBA earlier this month added <a href=\"https:\/\/www.rba.gov.au\/qa\/gold-holding.html\">a new page on its website<\/a> with a series of questions and answers about its gold holdings.<\/p>\n<p>\u201cThe RBA\u2019s gold is held at the BoE in an \u2018allocated\u2019 account, such that individual bars (with specified bar serial numbers) are attributable to the RBA,\u201d it said.<\/p>\n<p>\u201cThe Reserve Bank has processes in place to ensure that its specified gold bars are maintained appropriately. Inventory reconciliation \u2014 including of unique serial numbers \u2014 is undertaken periodically, or after any movements on the RBA\u2019s account. Additionally, the Reserve Bank audits its gold processes, including gold holdings at the Bank of England.\u201d<\/p>\n<p>Mr Adams says he still has unanswered questions \u2014 but in an email this month, a spokeswoman told him the bank had \u201cno further answers\u201d for him.<\/p>\n<p>\u201cThey haven\u2019t explained what inventory reconciliation means,\u201d he said. \u201cI think we have a spreadsheet full of serial numbers and we\u2019re checking with BoE to ensure they match. It does not mean you\u2019re checking the physical gold.\u201d<\/p>\n<p><strong>Is a Global Gold &#8220;Ponzi Scheme&#8221; About to Come Crashing Down? (13 min)<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Is a Global Gold &quot;Ponzi Scheme&quot; About to Come Crashing Down?\" width=\"614\" height=\"345\" src=\"https:\/\/www.youtube.com\/embed\/gAM2_D2ApD4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Governments are run by\u00a0 gangsters and immoral bankers that will steal and trade in drugs and start wars to get all the gold (change my mind).<\/p>\n<p>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&#8217;t repatriate them, declaring it doesn&#8217;t recognize the government in Caracas. Shortly before he died, Gaddafi sold a fifth of Libya\u2019s gold reserves, and most of the proceeds from this sale are still <a href=\"&quot;https:\/\/issafrica.org\/iss-today\/time-to-take-the-gaddafi-trillions-seriously\"><strong>missing ?<\/strong> <\/a> 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. <strong><a href=\"https:\/\/www.lbma.org.uk\/alchemist\/issue-87\/gold-during-periods-of-conflict\"> Wars are always an excuse to steal gold<\/a>.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>To sum up then.\u00a0 Governments and central Banks are criminals.<\/p>\n<ol>\n<li>They steal gold from other countries<\/li>\n<li>They change the &#8220;law&#8221; and steal gold from <strong><a href=\"https:\/\/en.wikipedia.org\/wiki\/Executive_Order_6102&quot;&quot;\">private citizens<\/a><\/strong><\/li>\n<li>They run rehypothecation\u00a0 schemes and create\u00a0 Synthetic paper Gold called ETFs.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Where is Australia&#8217;s gold? The answer is easy.\u00a0 We lend the gold to London but we don&#8217;t move it.\u00a0 But when we get it back we check that it is legit according to our standards (lolz).\u00a0 That chairwoman needs a slap for her rude interruptions. She is deliberately trying to disrupt the questions. Where is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5809,730],"tags":[15137,346,715,1614,15136,1265],"class_list":["post-74632","post","type-post","status-publish","format-standard","hentry","category-australia","category-economics","tag-australian-gold","tag-boe","tag-central-banks","tag-gold","tag-gold-etfs","tag-rba"],"_links":{"self":[{"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/posts\/74632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/comments?post=74632"}],"version-history":[{"count":14,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/posts\/74632\/revisions"}],"predecessor-version":[{"id":74646,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/posts\/74632\/revisions\/74646"}],"wp:attachment":[{"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/media?parent=74632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/categories?post=74632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biblaridion.info\/blog\/wp-json\/wp\/v2\/tags?post=74632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}