In Australia the RBA holds 79.85 tonnes of gold.
Equivalent to 2,816,628.9 ounces.
This equates to:
$6.846 Billion AUD, or
$5.062 Billion USD
Compared with the total money supply of:
$1497 Billion AUD
The gold reserves held by the central bank in relation to the money supply is 0.46%
Yep, come a long way from the gold standard…