Stockpiles are all the rage in Australian politics; the Albanese government’s plan to create a “critical minerals strategic reserve” has escalated into budget pledges to build stockpiles of fertiliser and fuel.In the rush to hoard stuff for a rainy day, there’s been scant discussion about the future of our existing mineral stockpile; the 80 tonnes of gold the Reserve Bank of Australia has sitting in vaults.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chalmers should sell Australia’s $18b gold stockpile
Australian taxpayers have $18 billion of the metal sitting in vaults. With budget deficits baked in for years to come, it’s time to sell the stockpile.
87 words~1 min read
