Subject: Will RBA increase gold reserves?
I was wondering with the recent decline in gold prices if the RBA was considering adding to their gold reserves, such as other prudent central banks are currently doing (China and Russia come to mind)? You could swap those fiat SDRs you are holding for a tangible asset, wouldn't that be prudent in this time of bank runs and sovereign risk?
Thank you for your email.
The Reserve Bank of Australia does not comment on its investment management decisions, other than in its Annual Report (please scroll down to the ‘Reserves Management’ section).