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Petition launched to return Aussie gold

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petition has been launched in an effort to repatriate Australia's gold reserves.

Behind the movement is managing director of investment firm Perpetual Gold, Rod Holden told Australian Mining he is running the campaign in an effort to generate discussion and promote the importance of the gold sector to Australia.

“The best way to get take up in mainstream media and the general public is to support a cause,” he said.

Holden explained that Australia’s gold sector is a significant contributor to the country’s GDP, and is a large provider of jobs.

But he explains the majority of physical gold is stored in London because historically that’s where the market has been.

He says Australia’s close ties to Asia, mature and secure banking sector and political stability makes it a prime place to store Australia’s gold reserves.

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