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Thanks for those links Hobo. I am now better informed and it seems we do, indeed, have 80 tons in reserve. It also seems Costello has avoided the opprobrium that has rained on Gordon Brown though. A search found this passage on financialsense.com: ANALYZING THE AUSTRALIAN DOLLAR: Up...

Thanks Hobo. I have my antenna up for any data re our gold reserves but it is almost non-existent. Have you got a link to the "80 tons" bit? I would be surprised, but I'm willing to be corrected. This bit: Over the past five years, a number of central banks have sold gold from their...

Ned, would you care to check up what happened to our gold reserves? We don't have any. Who sold it and what price?

Besides, 400 tons (is that metric or imperial) will do little more than get the short sellers on Comex off the hook. http://seekingalpha.com/article/129128-did-the-ecb-save-comex-from-gold-default Note that in that article it says 15,050 April contracts, or 1.5 million ounces, but that...

Why? That announcement was last night and has already prompted a $20 fall. Bit late to sell today. I may take the opportunity to buy a little in line with my current policy of slowly buying the dips in resource related companies. The $4 rise in POO negates the fall in gold on my portfolio...