Is the RBA helping Central Banks manipulate the price of gold? - Senate Estimates 10.11.22

I asked the RBA whether or not the Bank of England sought their permission before they melted down Australia’s gold holdings and refined them from 2015 onwards.

Needless to say the RBA were clueless or deliberately hiding the truth.

At the end of my questioning the RBA continue to lie about their manipulation of gold. Yet again they claim that by leasing it, the are helping producers hedge their gold.

This is wrong. When producers hedge their gold they are forward selling. If the RBA was helping they would be forward buying not leasing.

It beggars belief how they get away with it.