Why does Australia import and export gold?

Answer 1

Australia exports to countries all over the world, in a variety of continents such as North America, South America, Europe, and Asia.
Australia exports to everywhere around the world! Usa, China, England.

Answer 2

Gold is an international commodity - perhaps the ultimate commodity. It is freely traded round the world, though there are a few countries that prohibit private individuals from owning bullion.

The Perth Mint in Western Australia is the remaining mint in Australia. It has produced about 4500 tonnes of gold in its history.

It produces gold bars, sovereigns, and Australian gold coins. It also produces Platinum bullion products.

Answer 3

Australia exports a great deal of gold, being the world's third largest producer of gold. Gold is highly valued around the world, not only as jewellery, but for its use in electrical components and circuitry. It is a pliable and practical commodity, and unlike currency, it is stable: therefore, there is a great deal of demand for it in debt-ridden countries such as those in parts of Europe.

Australia only imports gold for industrial processing from places such as the US, and then exports it back to them without actually changing ownership.

Answer 4

Australia exports around 300 tonnes of gold each year, mainly to India, Thailand, Singapore and the United Kingdom, we are the world's third largest producer of gold.

Answer 5

the diamonds go to USA

Answer 6

They go all over the world.