Australia's central bank reports on its gold reserves ...


... just days after Bullion Star's Ronan Manly questions bank's custody of them:

* * *

Australia's Gold ... Safely in the Hands of the Bank of England

By Shane Wright
Sydney Morning Herald, Sydney, Australia
Friday, February 22, 2019

Those looking to break into the Reserve Bank of Australia's Sydney headquarters looking for a stash of gold are going to be disappointed.

The bank explained to a parliamentary committee today that its store of gold -- all 80 tonnes of it -- is 17,000 kilometres away in the Bank of England.

... Dispatch continues below ...


First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

About 6,400 bars of the precious metal, which according to RBA governor Philip Lowe is worth about $4 billion, is sitting with 400,000 other bars in special vaults in the world's gold-trading capital.

Later this year a special audit will be conducted to ensure all these bars are there and that they weigh the 80 tonnes the Reserve Bank has on its ledger. ...

Last financial year about 10 tonnes of the precious metal was leased. In the early parts of the 2000s, almost all of it was being borrowed. ...

... For the remainder of the report:

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: