... conspiracy theories swirl as it emerges NONE of our reserves are held on home soil - and some think it's been sold to China

• Australia has 80 tonnes of gold in its reserves however almost all of it is offshore  
• The majority, about 69 tonnes, is thought to be sitting in a vault in London  
• Conspiracy theorists say China, India acquiring more gold than can be mined  

Australia has 80 tonnes of gold reserves worth $4.4 billion according to the Reserve Bank – but it's not in the country - and some think it's been sold to China.

Gold has long been used as a safe haven, protected from unpredictable stock and currency markets, and most central banks around the world keep a portion of their national assets in physical gold. 

What is sending some conspiracy theorists into meltdown, however, is the claim that the likes of China and India are acquiring massive amounts of gold – more than can be explained by mining production.