It just had to be asked

Gold scales at the RBA sit forlornly having no gold to weigh

In light of the official announcement of the Bundesbank repatriating some of their gold reserves back to Germany, I couldn't resist asking the following question of Australia's Reserve Bank (RBA). I will write a new post when I receive a response.

Good Morning Chris,

I imagine you are aware of the press release by the Bundesbank overnight that they would be withdrawing all of their Gold Reserves from Paris and drawing down on their holdings at the New York Fed.

Reference: http://tinyurl.com/ahsnjtl

Reason given for repatriating this Gold was explained by board member Carl-Ludwig Thiele:

"The two most important functions of the gold reserves are building confidence at home and may, within the shortest possible time to be able to exchange gold at gold trading centres abroad for foreign currencies"

In light of this news is the RBA considering repatriating some of the RBA's Gold Reserves from London to provide confidence at home whilst still having the liquidity that the London market provides?